Will LTO token’s impressive volume rise push the prices higher?

Highlights

  • LTO is a hybrid blockchain, which helps in business automation and ensures smooth running of the workflow. 
  • Due to its live contracts and the hybrid approach, LTO is often considered as an immutable digital notary. 
  • According to CoinMarketCap, the LTO is trading at US $0.279105 with a 24-hour trading volume of US $45,616,737.

LTO Network (LTO) has been seeing impressive rally for the past couple of days. Whether it is the price or the volume, the investors have flocked in the past couple of days. As Bitcoin struggled because of the PBOC news, it was cryptos such as LTO, which did well in the market. On Monday, the prices were down, but the volume wise it is going strong, indicating that there is still enough fluidity in the market that is attracting the investors.

According to CoinMarketCap, the LTO is trading at US $0.279105 with a 24-hour trading volume of US $45,616,737. At the time of writing (BST XXXX), LTO was down by 0.82% in the last 24 hours. LTO currently has a live market cap of US $81,834,166 with a circulating 293,201,833 LTO coins. Though the prices indicate a change of 1.10%, the volume has bumped up by 8.42%. It’s not surprising to see this as the LTO network has been on a roll ever since it recovered from its lows in April.

Why LTO is unique

LTO, in fact, is a hybrid blockchain, which helps in business automation and ensures smooth running of the workflow. Due to its live contracts and the hybrid approach, LTO is often considered as an immutable digital notary. What makes this crypto unique is that it allows the users to have control over their transactions, thus ensuring that the data stays intact and in the hands of the users.

As it is immutable, the transaction is highly secure in nature and transparent. With the combination of private chains and a public Leased-Proof-of-Stake blockchain, the LTO Network ensures the data is secured with the users. During the transactions, the network uses public keys and publishes a certificate to make each transaction unique.

Is LTO Network a good investment?

LTO Network has shown a good volatility of late and its one of the primary reasons why investors are driven towards it. Its volatility rank, which measures how volatile a financial asset it was 7.78% (last week), 4.99% (last month), and 5.93% (last quarter), respectively. It is expected to perform well in the coming days if the trend continues with market participants predicting that the price will bounce to US $0.4620131 by next month.

Conclusion 

LTO Network is on a bull run and it is best to cash in on the run and make profit. It has all the features of a strong coin and both from long-term and short-term perspective, it is a stable token to invest in. The recent run should also attract other investors who are yet to invest in the coin to invest, thereby increasing the market share of the token.

Comment


Disclaimer