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BNB remains strong in the top 10, while Litecoin struggles. BNB and LTC holders are turning to Zig Network for growth.
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BNB has remarkably sustained its staying power in the top 10 even as many of its fellow altcoins have fallen by the wayside. The same can’t be said for Litecoin, which has seen way better days in the past than it does now. A good number of BNB and LTC holders are buying into revenue sharing DeFi protocol Zig Network (ZIG) to bolster their portfolios in 2024 and beyond.
BNB showing signs of life after recently breaching $600
BNB recorded a decent breakout after breaching stiff resistance at $600. Despite failing to hold the line, BNB’s RSI and MACD indicate bullish underlying sentiment, with some analysts predicting BNB to retest its all-time highs in the coming weeks. With BNB’s robust trading volume of $100 billion, it’s safe to say that BNB is going nowhere. However, despite its strong fundamentals, BNB’s upside is hamstrung by its gargantuan market cap at $86.6 billion.
Litecoin trading in choppy waters
Litecoin (LTC) failed to hold at the critical resistance level of $70 after breaching it for the first time in October. This, despite Litecoin recently exceeding a $4 billion intraday trading volume for the first time in over a year. While Litecoin has undoubtedly lost its prominence as a speculative investment, its utility as one of the most utilized cryptocurrencies for online payments has always kept it firmly within the top 40.
However, investors looking for substantial gains have moved on from Litecoin in favor of newer, more potential laden altcoin investment opportunities like Zig Network. Litecoin is fading fast since decoupling from Bitcoin in 2021 and its utility keeps people from actually holding it.
