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Litecoin ($LTC) Overtakes Solana ($SOL) in Market Cap As It Outperforms Wider Crypto Market

1 min read Original Link

Litecoin ($LTC), a cryptocurrency that has often been described as the silver to Bitcoin’s gold, has been outperforming the wider cryptocurrency market over the past few weeks, to the point it has recently overtaken Solana ($SOL) in market capitalization.

Litecoin was created back in 2011 as a fork of Bitcoin, and features near-zero cost peer-to-peer transactions. It differs from the flagship cryptocurrency in a number of ways, however, with reduced transaction confirmation times, lower fees, a larger maximum supply of 84 million LTC, and other different technical aspects.

The cryptocurrency was created by former Google engineer Charlie Loo, who referred to it as a “lite version of Bitcoin” at one point. It has been outperforming the wider cryptocurrency market in the wake of FTX’s collapse, which has seen several platforms including Genesis and BlockFi halt withdrawals.

(by Francisco Memoria)

# LTC # SOL

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