Cryptocurrencies
Hottest Crypto Is Up 330% This Year and Its Name Isn’t Bitcoin
- Litecoin is outperforming its major peers, including Bitcoin
- The token’s mining rewards will be slashed in half in August
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This year’s top-performing cryptocurrency is up more than threefold and you’ve likely never heard of it.
Litecoin, which has gained more than 330% since the beginning of the year, is outpacing all its crypto peers, including Ether and XRP, as well as the best-known and largest token Bitcoin. It has a market cap of about $8.4 billion, making it the seventh-largest digital asset, according to data compiled by Mosaic Research Ltd.