Why Litecoin, Chainlink and Aptos Are Surging Today
After what has been an incredible few weeks of near-incessant selling pressure, the crypto market appears to be recovering nicely today. That said, outside of rather small gains for most megacap tokens, there are a few smaller cryptocurrencies that are making big waves today.
As of 11 a.m. ET, Litecoin (CRYPTO: LTC), Chainlink (CRYPTO: LINK) and Aptos (CRYPTO: APT) are among the biggest beneficiaries of a bullish wave of sentiment hitting this sector. These tokens surged 13.2%, 10%, and 7.7%, respectively, over the past 24 hours. Aside from broadly bullish macro sentiment building across most risk assets (stocks are also up today), these tokens have their own unique catalysts that investors are watching closely.
Chainlink has seen its active address numbers surge to a one-year high, despite the ongoing contagion-related concerns from the fallout of now-defunct crypto-exchange FTX. Litecoin has also continued to work its way up the market-cap rankings list, surging on this tweet: The "Litecoin Network just processed its 135,000,000th transaction. Over 11 Years of continuous immutable, uncensorable, flawless uptime."
Source Fool.com
