In this article, we see what the crypto sector has in store for us with the latest and most interesting news from the Litecoin, Eos.io, and Kaspa projects.
Next, we move on to the charts and take a look at the price trends of the respective coins LTC, EOS, and KAS.
For LTC and EOS the situation seems very uncertain and it is not certain that their historical performances will be repeated once again.
On the KAS front, however, a bullish continuation of the macro trend after the last pullback seems more likely.
All the details below.
The latest crypto news of the projects Litecoin, Eos.io, and Kaspa
On this Tuesday, August 13, we can only report some of the major news from the crypto market related to Litecoin, Eos.io, and Kaspa.
This is a very significant milestone moment for all 3 projects, celebrating some cryptographic results on-chain.
Going in order, we see how Litecoin has recently processed the transaction n°270,000 in the history of its own blockchain.
Since July 15, 2023, just over a year ago, 100 million transactions have been added, highlighting a boost in the use of this technology.
Litecoin has indeed been active since 2014 but had never experienced such frequent activity on its network: “Litecoin is accelerating”.
The #Litecoin network just processed its 270 millionth transaction! Adding 100 million new transactions in just over a year!! (Since Jul 15, 2023)
Litecoin is accelerating 
pic.twitter.com/r7j3viT4CI
— Litecoin (@litecoin) August 9, 2024
Moving to Eos.io, here too we find good news to accompany us.
The historic open-source platform has indeed just officially doubled its “Total Value Locked” (TVL) since the beginning of 2024. This metric indicates the sum of all the capital locked in smart contracts within the network.
Thanks to the new multiple staking program with RAM and EOS, the chain has seen a strong increase in TVL in a very short time. All this could revitalize Eos.io, which in recent years has been a bit underwhelming in terms of developments and on-chain presence.
“It’s EOS summer”
https://twitter.com/EOSNetworkFDN/status/1823060741752238296
Finally, there is good news on the horizon for Kaspa as well.
The project, which implements the GHOSTDAG protocol under a PoW consensus mechanism, is seeing its hashrate increase significantly.
Think that in just one month the overall computing power of the network has doubled, going from 400 to 800 PH/s.
A year ago, however, the metric indicated only 8 PH/s of hashrate: this highlights the strong progress recorded by the project in the last period.
Let’s talk about one of the most concrete and massive developments for a PoW network ever seen until now.
Adoption and network security continue to strengthen!#KaspaHashrate #Kaspa $KAS #CryptoMining #ProofofWork pic.twitter.com/fGu6mHuR2U
— Kaspa (@KaspaCurrency) August 12, 2024
In the world of finance, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is marked by falling prices. Understanding these concepts is crucial for investors. Historical price trends for LTC and EOS: will there be another bull market for these cryptos?
After reporting the latest news of the Litecoin, Eos.io, and Kaspa projects, let’s move on to the study of prices and the trend of the crypto market.
As for the “historical” coins LTC and EOS, the graphic situation is not the best but still leaves a glimmer of positivity.
Going in order, for LTC we clearly notice how compared to past performances the coin is not meeting investors’ expectations.
The prices have sunk to the 62 dollar area, below the EMA 50 on the monthly time frame: since May 2022 the Litecoin crypto has been unable to surpass the psychological threshold of 115 dollars.
It is not certain that this time there will also be a bull market for this coin, which in the past years 2014, 2017, and 2021 has recorded impressive increases.
It is also worth noting how at the level of “cyclicity” LTC does not seem to respect the time elapsed between the last two bull markets. In fact, between the top of 2017 and that of 2021, 40 monthly candles have passed. From the top of 2021 to today, 40 monthly candles have also passed here, but without a new high for LTC.
The spell of the bull market has broken. Probably yes.
For the crypto of Eos.io, the situation is even more complex
From the top of the previous bull market, where it reached the value of 14.8 dollars, EOS has drastically fallen by about 95%. From the top of 2018, however, the decline exceeds -97%.
A disastrous price action, compromised by the low utility of the currency, the high circulating supply, and the team’s sales.
Prices have dropped even lower than the listing value in 2017, when it was introduced in the major crypto exchanges.
After the collapse of 2022, the quotations have remained almost flattened, without any particular attempts at recovery.
At the moment EOS is worth about 0.50 dollars per unit, less than it was worth a year ago.
It is clear that even here the bull market becomes a mirage for the future.
Will KAS continue its wild bull run?
While the crypto Litecoin and Eos.Io show graphical trends below expectations, the Kaspa coin appears as one of the best of the last 2 years on a speculative level.
Since its inception in June 2022, this coin has always had the bulls on its side, reaching a market capitalization of 3.7 billion dollars in a short time.
In the last year its quotations have grown by 262% showing a relatively compact strength with the addition of a lot of volatility.
If we take as a starting point January 1, 2023, we notice an incredible increase in prices, with a performance of +3800% up to today.
From the beginning of 2023 until the tip a few weeks ago, the growth almost reached the record of +5000%, enough to crown KAS as the top gainer of the crypto market.
With the latest retracement of Bitcoin however, even Kaspa’s coin has been subject to some retracements, losing 20% in 3 weeks.
In particular, the weekly candle of July 29, closed with a bearish engulfing, scares the KAS bulls who have to deal with profit-taking.
In any case, compared to Litecoin and Eos.io, here the probabilities of a bull continuation are definitely higher.
As long as KAS remains above 0.12 dollars, the general outlook remains bull and is intent on breaking the current high at 0.20 dollars.
Do not expect, however, growth like that of the last year and a half since KAS has now reached among the top coins in the market.
