November and December 2024
Welcome to our regular blog from the world of cryptocurrencies.

1. Price range of the most popular cryptocurrencies for November and December 2024
Bitcoin: $69,276 - $93,433 (34.5%)
Ethereum: $2,491 - $3,332 (32.67%)
Litecoin: $69.14 - 103.07(46.8%)
Dogecoin: $0.159 - $0.315 (98.3%)
Kaspa: $0.115 - $0.115 (0%)
Kadena: $0.493 - $0.927 (88.1%)
Zcash: $36.77-$56.12 (48.1%)
Nervos: $0.0124 - $0.0113 (-6.9%)
Alephium: $1,204 - $1,348 (12.9%)
2. New technologies in the field of ASIC Miners
New Fluminer L1 for Litecoin+Dogecoin cryptocurrency mining (Scrypt algorithm) with up to 5.3 Gh/s performance at 1200 W power consumption.
Elphapex DG Home for mining Litecoin+Dogecoin cryptocurrencies (Scrypt algorithm) with a performance of 2.1 Gh/s at a power consumption of 620 W. Ideal for home mining.
3. A little bit of the history and present of popular cryptocurrencies.
History of Litecoin
Litecoin (LTC) is one of the first alternative cryptocurrencies, the so-called altcoins. It was created on October 7, 2011. Charlie Lee, a former Google software engineer, was behind its birth, as he wanted to create a simpler and faster version of Bitcoin. The main idea was to offer a cryptocurrency that would allow cheap and fast transactions while being more accessible to ordinary users.
Litecoin uses theScrypt algorithm. This algorithm was originally intended to prevent mining with specialized ASIC devices and make mining accessible to users with ordinary graphics cards. Over time, however, ASIC miners targeting Scrypt have also evolved, and today they dominate Litecoin mining.
Litecoin has earned a reputation as the "silver of the cryptocurrency world". Its emphasis on speed and efficiency has made it one of the most recognized cryptocurrencies.
The Present of Litecoin
Today, Litecoin is one of the most stable and widely used cryptocurrencies. It is one of the largest cryptocurrencies by market capitalization and is supported on most major cryptocurrency exchanges and wallets. Due to its speed of transactions and low fees, it has gained popularity as a means for current payments.
Litecoin also often serves as a testing platform for new technologies that are later implemented into Bitcoin. Examples include the integration of Segregated Witness (SegWit) or testing the Lightning Network, a technology that enables fast and cheap transactions outside of the main blockchain.
Litecoin exchange rate development
The Litecoin exchange rate has undergone many significant changes since its inception. After its launch, the currency had a low value of a few cents, but it has gradually gained the attention of investors.
- 2013: Litecoin experienced its first significant rise when its price reached around $50 during the first major cryptocurrency rush.
- 2017: During the great cryptocurrency boom, Litecoin reached an all-time high of over $360. This growth was fueled by increased interest in cryptocurrencies and the introduction of new technologies such as SegWit.
- 2021: Litecoin again experienced significant growth, with its price crossing the $400 mark during the second cryptocurrency wave, fueled by wider adoption of cryptocurrencies.
- 2022: It experienced a huge crash in 2022, with one coin selling for around $50-60
- 2024/2025:Litecoin is currently priced around USD 100, making it an attractive option for long-term investors and miners.
Interesting facts about Litecoin
- First Lightning Network transaction
- Litecoin was the first cryptocurrency to successfully use Lightning Network technology, demonstrating its innovative nature.
- Halving Litecoin
- Like Bitcoin, Litecoin halves the reward for a mined block every four years. This mechanism limits inflation and supports the long-term value of the currency.
- Charlie Lee's charity
- Founder Charlie Lee sold all of his Litecoins in 2017 to remove a conflict of interest, and devoted himself fully to the development of this cryptocurrency.
- Speed and low fees
- Litecoin processes blocks approximately four times faster than Bitcoin, making it ideal for everyday payments.
Litecoin and mining
Litecoin is an attractive option for miners due to its Scrypt algorithm, which ASIC miners have been optimized for. Modern devices offer high performance with relatively low power consumption, allowing for efficient mining.Currently the most profitable miners in our range.
If you are looking for the ideal ASIC miner for Litecoin mining, our online store offers a wide range of equipment tailored to the needs of miners. With our products, you can start mining Litecoin and become part of this innovative cryptocurrency community.
4. News and attractions:
What wpowered cryptocurrencies in 2024
In 2024, cryptocurrency has become a legitimate player in the global financial field. This is the year that crypto surged. Throughout the industry's short but turbulent history, this year marked a turning point for legitimacy, integration and growing global acceptance of digital assets.
It's tempting to reduce the story of 2024 to bitcoin's meteoric rise. It's even more tempting to attribute this growth to the so-called "Trump punch" driven by his pro-crypto stance.
But the story of 2024 is much richer than politics and price movements. 2024 was the year that cryptocurrencies changed status from a speculative asset, to a serious player in the global financial system.
This year's most transformative moment for crypto, was the introduction of exchange-traded funds (ETFs). The numbers speak for themselves. From November 18 to 22 alone, bitcoin ETFs saw a whopping $3.1 billion in inflows, bringing their total assets under management to $107.42 billion - an extraordinary number considering ETFs were first introduced just this year. This new accessibility is more than just a convenience. It has fundamentally changed the profile of bitcoin.
Investors, institutional players and retail investors on both sides of the political spectrum have embraced bitcoin through ETFs.
If cryptocurrencies were a country, its combined market capitalization in excess of $3 trillion would put it on par with the UK's gross domestic product, overtaking France as the world's seventh largest economy. ETFs have removed technical barriers to entry, brought newfound legitimacy and silenced critics who dismiss bitcoin as a niche asset.
Another milestone for 2024 was the long-awaited clarification of cryptocurrency regulation, particularly in the US. The departure of Securities and Exchange Commission chairman Gary Gensler and the rise of the pro-crypto Trump administration signal a solid foundation for a market previously plagued by regulatory uncertainty and, at times, hostility. This shift will create a more welcoming environment for crypto companies and investors. Renewed optimism in the U.S. market will also bring back crypto companies that have been protecting themselves from Gensler's froideur.
In Europe, the Markets in Crypto-Assets (MiCA) framework promises increased consumer protection and market integrity to come into full effect in 2025. Regulators around the world are likely to follow suit and begin to move the industry beyond its reputation for volatility and uncertainty.
Crypto as a hedge in an unpredictable world
To fully understand the rise of cryptocurrencies in 2024, we need to zoom out slightly and consider the broader macroeconomic and geopolitical context.
Inflation and the rising cost of living have dominated post-pandemic economies. While inflation has begun to cool and the US Federal Reserve has cut its primary interest rate by half a percentage point for the 11th consecutive hike, people around the world are still feeling the hit to their devalued fiat currencies. Predictions earlier this year about the collapse of the US dollar under the weight of inflation and a $35 trillion debt have increased the appeal of bitcoin as a hedge.
The potential of the underlying cryptocurrency technology is unprecedented, from multiple tokenized real-world assets to onchain identity tools. To compare the journey of cryptocurrencies and the journey of the internet - we are in the same place as the internet was in 1995. In short, the best is yet to come.
The year 2025 will also witness the continued growth and integration between artificial intelligence and decentralized finance (DeFi) in the form of trading bot platforms and tools to help identify security threats and fraud.
As we head into 2025, the industry's trajectory is one of growth, integration and mainstream adoption, building on the strong foundations laid this year. Foundations that were driven by innovation, regulatory breakthroughs and macroeconomic shifts were not just one event, election or personality.
Bitcoin ETFs collected nearly 3x more BTC than was produced in December
Spot bitcoin exchange-traded funds in the United States collected nearly three times more than miners produced (14,000 BTC) in December 2024. December was the strongest month for spot bitcoin ETFs in the U.S., amassing about 51,500 BTC. The momentum was driven by the spot bitcoin markets.
According to CoinGecko, BTC reached its all-time high of$108,135 on December 17.
Meanwhile, according to Blockchain.com, only 13,850 coins were added to circulating supply for the month, meaning that demand for bitcoin ETFs alone was about 272% higher than the amount supplied.
Bitcoin mining expert and co-founder of Hashlabs, Jaran Mellerud, said:
"The fact that the ETFs themselves collected almost 3 times more bitcoin than the issued supply in December says all you need to know about the bitcoin shortage. Under such circumstances, it is mathematically impossible for the bitcoin price not to rise in the long run."
"At current prices, there is not enough supply to meet demand," and the balance between supply and demand must be restored, Onramp Bitcoin co-founder Jesse Myers said as market momentum began to accelerate following Donald Trump's November presidential election victory.
Major bitcoin production
Most major bitcoin mining companies have released their production figures for the month of December:
- MARA Holdings, the largest mining firm by market capitalization, reported production of 1,853 BTC in December.
- Riot mined 516 BTC in December, a 4% increase from the previous month.
- Cleanspark mined 668 coins, according to its Jan. 6 production report.
- Core Scientific produced 291 bitcoins in December from its own fleet of miners.
- Bitfarms mined 211 BTC.
- Terawulf produced 158 bitcoins in December, which it mined itself.
- Cloud mining provider BitFuFu reported production of 111 coins.
4. Network hashrate - Difficulty
Bitcoin 750.83 Eh/s → 782.65 Eh/s
95.67T-109, 78T
Kaspa 1.26 Eh/s → 1.44 Eh/s
1,3E-1,44E
Ethereum Classic 154,5 Th/s → 233,7 Th/s
2.32P-3.48P
Litecoin 1,225 Ph/s → 1,837 Th/s
42.5M-62.9M
Kadena 0.99 Ph/s → 0.905 Ph/s
Nervos CKB 3.225 Gh/s → 3.398 Gh/s
386.9G-405.8G
5. Recommended miners
- Antminer L9
- Currently the most profitable miner on the market.
- Antminer L7
- Even on the older version of these machines you can make quite an interesting profit.
- Elphapex DG Home
- For mining Litecoin+Dogecoin cryptocurrencies (Scrypt algorithm) with a performance of 2.1 Gh/s at a power consumption of 620 W.
- Ideal for home mining.