Wednesday, February 8, 2023
 

Litecoin Outperforms BTC and ETH by Nearly 30% in One-year Timeframe

  • Messari.io data shows that LTC outshined BTC and ETH in one-year timeframes.
  • BTC’s and ETH’s ROI against the USD were negative at 33.55% and 29.27%.
  • Litecoin outperformed DeFi tokens with a landslide margin of 79% growth from 2022.

According to data from Messari.io, a leading market tracking platform, the Litecoin token LTC outperformed most popular cryptos such as Bitcoin (BTC) and Ethereum (ETH) over the past three months and one-year timeframes.

The data shows that over the last year, LTC investors have seen over 28.8% and 24.9% return on investment (ROI) more than BTC and ETH investors, respectively. From October 2022 to date, the figures were more than double the one-year value. Litecoin also outperformed DeFi tokens with a landslide margin of 79% growth from 2022.

Source: Messari.io

On the other hand, BTC’s and ETH’s ROI against the US dollar from last year were negative at 33.55% and 29.27%, as per Messari data. Bitcoin and Ethereum only started to recover lately, putting their three months’ performances at positive figures.

According to CoinMarketCap data, LTC ranks at position 14 among the top biggest cryptos with a market cap of nearly $7 billion. It currently trades at $90.74, with over 5% growth in the past week.

Furthermore, according to an annual crypto industry report published by the market tracking platform, CoinGecko, Bitcoin, was the worst-performing investment instrument among significant assets like crude oil and the US dollar.

BTC currently trades at $23,054.89, over a 9% increase in the past seven days. Previously, the price of BTC had fallen to its two-year low of around $15k during the FTX fiasco in November 2022.

At the time, the global crypto market cap also fell below $800 billion. However, the overall crypto market is now worth over $1 trillion.

  • Messari.io data shows that LTC outshined BTC and ETH in one-year timeframes.
  • BTC’s and ETH’s ROI against the USD were negative at 33.55% and 29.27%.
  • Litecoin outperformed DeFi tokens with a landslide margin of 79% growth from 2022.

According to data from Messari.io, a leading market tracking platform, the Litecoin token LTC outperformed most popular cryptos such as Bitcoin (BTC) and Ethereum (ETH) over the past three months and one-year timeframes.

The data shows that over the last year, LTC investors have seen over 28.8% and 24.9% return on investment (ROI) more than BTC and ETH investors, respectively. From October 2022 to date, the figures were more than double the one-year value. Litecoin also outperformed DeFi tokens with a landslide margin of 79% growth from 2022.

Source: Messari.io

On the other hand, BTC’s and ETH’s ROI against the US dollar from last year were negative at 33.55% and 29.27%, as per Messari data. Bitcoin and Ethereum only started to recover lately, putting their three months’ performances at positive figures.

According to CoinMarketCap data, LTC ranks at position 14 among the top biggest cryptos with a market cap of nearly $7 billion. It currently trades at $90.74, with over 5% growth in the past week.

Furthermore, according to an annual crypto industry report published by the market tracking platform, CoinGecko, Bitcoin, was the worst-performing investment instrument among significant assets like crude oil and the US dollar.

BTC currently trades at $23,054.89, over a 9% increase in the past seven days. Previously, the price of BTC had fallen to its two-year low of around $15k during the FTX fiasco in November 2022.

At the time, the global crypto market cap also fell below $800 billion. However, the overall crypto market is now worth over $1 trillion.

 

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