BTC Correlations with TradFi Drop; Brazil Backs Law for More Crypto Regulation

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Litecoin (LTC) is the third largest proof-of-work (PoW) token by market capitalization, trailing behind Bitcoin and Dogecoin. Litecoin has outperformed most top PoW tokens due to anticipation around its upcoming halving that is slated to happen in August 2023. Litecoin was created based on Bitcoin but differs with shorter block time and lower transaction fees, making it a better fit for on-chain payment functions. Litecoin is our top pick of PoW tokens due to two reasons.

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