Litecoin’s Countdown of One Month Before Halving Begins; Azuki Team Mulls Revamping New Elementals Collection

Daily Top Mover  — Litecoin (LTC) 



On Friday, the major averages of Wall Street concluded a robust first half of the year on a positive note, with technology stocks driving the surge, as evidenced by Apple's groundbreaking achievement of a $3 trillion market capitalization. The top mover for today is LTC, which soared by 29.7% in the past week as the one month countdown of its halving begins.





Litecoin is an open-source global peer-to-peer (P2P) cryptocurrency network that enables users to send payments worldwide in a fast and affordable manner. The Litecoin network was founded on Oct 13, 2011, and was originally created as a fork of Bitcoin (BTC) to improve on three main issues faced by the Bitcoin network — speed, scalability and centralization.



Litecoin becomes the top 10 cryptocurrency folowing a stellar performance in the past few weeks. The scheduled halving, estimated in early Auguest 2023, has sent the excitement to the community over a positive price movement in the remaining days up to the halving. Furthermore, Litecoin was one of four tokens traded on EDX Markets, a crypto exchange network controlled by TradFi players, giving easier access to TradFi players to own this OG token.



Check Out the Latest Prices, Charts, and Data of LTC/USDT Here!



Talk of the Town





Azuki, a blue-chip NFT brand, is working on a recovery plan after facing backlash from its community over its "Elementals" NFT collection. Despite selling out in 15 minutes and bringing in $38 million, several collectors were unable to mint the NFTs due to technical issues and a condensed window. The artwork for the collection was also criticized for being virtually indistinguishable from the original, leading to rumors of dilution and a slide in the original Azuki collection's floor price. Azuki's co-founder and "core" team members discussed plans to update the artwork, create an anime series with interactive features, and reward long-term and rare trait holders.