Is LTO Network (LTO) crypto rising after Binance US listing?

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Is LTO Network (LTO) crypto rising after Binance US listing?

Is LTO Network (LTO) crypto rising after Binance US listing?
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Highlights:
  • The LTO Network claims to be one of Europe’s leading blockchains with real-world usage.
  • The LTO token can be traded on exchanges like Kucoin, Uniswap, etc.
  • It returned over 18% gains in the last seven days.

The LTO Network (LTO) crypto price rose over 19% in the trailing 24 hours to Wednesday morning, while its volume skyrocketed by over 260% during the same period.

The LTO token rally follows gains in the global crypto market, which was up 1.87% to US$1.25 trillion at 11:59 am ET, while its volume jumped 17.25% to US$93.22 billion in the last 24 hours. 

The token’s listing on the Binance US exchange on Wednesday may have also brought gains. Binance US said that while deposits are currently open, trading would start at 5 am PDT on June 9.

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What is LTO Network (LTO) crypto?

LTO Network claims to be one of Europe’s leading blockchains with real-world usage. It provides B2B enterprise solutions like decentralized workflows, data and document verification, and authentication.

Its COBALT mainnet update in 2021 to include Decentralized Identifiers (DID) and Verifiable Credentials (VC) enhanced its services. It also helped the Network to become a layer-1 blockchain.

Also Read: How is Ethereum (ETH) crypto performing amid a market downturn?

Additionally, DID and VC are now at the core of LTO's focus, i.e., NFT2.0 technology, where users can fully own and manage their NFTs in a decentralized model.

LTO uses a hybrid two-layer approach, making it a General Data Protection Regulation (GDPR) compliant network. The approach ensures easy regulatory compliance for firms globally. It enables developers to build Privacy-Aware Decentralized Apps (PADA) and offer various unique facilities.

The LTO token is available for trading on several exchanges like Kucoin, Uniswap, Gate.io, etc.

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On Wednesday, the token was listed on the Binance US exchange. The exchange said the deposits are open currently, but trading of LTO/USD and LTO/USDT would start on June 9 at 5 am PDT. The news has created a buzz in the crypto community.

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Is LTO Network (LTO) crypto rising after Binance US listing?Data Source: CoinMarketCap.com

Bottom line:

The LTO coin was priced at US$0.1084 at 11:59 am ET on June 8, up 19.64%, while its volume for the last 24 hours skyrocketed 261.13% to US$14.69 million. It has a market cap of US$42.67 million, and its fully diluted market cap is over US$43.24 million.

The token has a maximum and total supply of 397.96 million, and its current circulating supply is more than 392.70 million. It returned gains of 18.7% in the last seven days.

The LTO crypto saw the highest price of US$0.1516 and the lowest price of US$0.06516 in the last 30 days.

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