Solana, Litecoin Beats Bitcoin In Terms Of Crypto Goods, With Higher Profits.

Solana, Litecoin Beats Bitcoin In Terms Of Crypto Goods, With Higher Profits.

2021-11-30 | Selina Mathew

Solana, Litecoin Beats Bitcoin In Terms Of Crypto Goods, With Higher Profits.

This month has been difficult for Bitcoin, and the focus has shifted to how its financial products function. According to statistics, when the king's coin is missing, Litecoin and Solana benefit. While November's indicators are mixed in general, the market statistics are currently lower than they were at the start of the month. Digital-based investment products, on the other hand, had a comparable experience as the real estate market was less productive. BTC

BTC/USD 1 DAY PRICE CHART: SOURCE- COINMARKETCAP.COM

This month, Bitcoin's AUM (Assets under Management) fell by 9.5 per cent, the most since July. Litecoin (LTCN)-based goods, on the other hand, have been the strongest performer, returning 14.9 per cent even as GBTC loses market share by 12 per cent. The growth of Litecoin was not the only one. Even 21Share's ASOL (a Solana-based product) was able to generate good profits of 22% LTCN, but ASOL alone was unable to recover all of the losses. Despite the fact that the weekly net flows rate has agreed for the third month in a row, revenues have fallen by 56.2 percent. LTC

LTC/USD 1 DAY PRICE CHART: SOURCE - COINMARKETCAP.COM

Furthermore, day-to-day rates for all ETFs and ETNs are excellent, resulting in a 35.1 per cent drop in the BTCE and a 32.2 per cent drop in the Purpose ETF (BTCC). ASOL was the only product that saw any growth, with Solana's product volume increasing by 171 per cent to $ 6.3 million. SOL

SOL/USD 1 DAY PRICE CHART: SOURCE- COINMARKETCAP.COM

Even the highest monthly profits are sliding in price by the end of November, led by LTCN, which has plummeted 20.44 percent in the last three days. It is currently at 9.92 per cent, with a monthly growth rate of 45.9 percent. The situation is identical to that of the BTCC, which fell 14.44 percent, GBTC, which fell 14.02 percent, and ASOL, which fell 12.45 percent. In the past, the end-of-year performance of most assets appeared to represent the beginning point for the next year. The success of these products in December will have a big impact on how ETFs, ETPs, and ETNs perform in 2022.

Leave a comment

Your email address will not be published. Required fields are marked *

Top 7 cryptocurrency overview



Best trading tool for cryptocurrency

2022 Top cryptocurrency Price Prediction List