Published
1 year ago on
November 01, 2022
Coins with long histories of success, like Litecoin (LTC) and VeChain (VET), saw significant losses in the bear market of 2022. Newcomer ventures are the best bet for crypto investors looking to make a profit.
The Hideaways (HDWY) is a new cryptocurrency coin that has generated much media attention in recent weeks owing to its innovative use case. Let's look at the buzz and the reasons why it might end up being more valuable than Litecoin (LTC) and VeChain (VET).
Litecoin (LTC) Hashrate Increase
As a result of the Merge, miners were forced to move their activities to alternative blockchains. Litecoin (LTC) was one of several blockchains to reap the rewards of this development. The number of blocks mined for LTC has increased during the past several weeks. More miners are participating in the LTC network as the hash rate hit 529.46 TH/s on October 29.
Litecoin (LTC) was created to facilitate faster, cheaper cryptocurrency transactions. Within the realm of cryptocurrencies, it serves as a valuable supplementary asset. Litecoin (LTC) has room to expand, given its current position and length of time on the market.
The current price of Litecoin (LTC) is $54.95, and the 24-hour trading volume is $434,528,632.
VeChain (VET) Mainnet Upgrade To PoA
The VIP-220 proposal evaluation was long-awaited, and the VeChain foundation has finally released the results. A proposed solution is to connect VIP-220 to the VeChainThor mainnet. This has led to the VeChain network being updated to Proof of Authority 2.0.
Voting occurred on the network's improved voting platform (VeVote) from October 20th to the 27th, 2022. Using a consensus process based on the stake of identification, PoA allows blockchain-based transactions to be executed in a relatively short amount of time.
Despite its developments, VET is 92% below its April 2021 high of $0.2782 and is currently trading at $0.0236.
The Hideaways (HDWY) To Provide Huge Profit Next Year
