CNBC has decided to cover Solana (SOL) in its prime time instead of Litecoin (LTC) and Bitcoin Cash (BCH). CNBC (Consumer News and Business Channel) is an American-based cable news network that covers the real-time news of businesses. Moreover, it is one of the largest news channels in the world which is now showing its interest in the crypto market as well.
Recently, a news spread in the market that CNBC will no longer focus on Bitcoin Cash (BCH) and Litecoin (LTC) and will cover Solana (SOL) for now. However, CNBC affirmed the news and added that it’ll keep on covering two most valuable crypto assets Ethereum (ETH) and Bitcoin (BTC). CNBC didn’t disclose the reason behind their strategy but it is understood that the valuation of the said assets has seen a decline in the past couple of years.
SOL IN, LTC & BCH Out
Although Bitcoin Cash (BCH) showed attractive performance in July of 2023, BCH is not on the same track. With the hype created about the approval of Bitcoin spot ETF (exchange-traded fund), BCH went bearish. Both Bitcoin and BCH have been going down for the past week due to as the excitement vanishing in no time. Also, Litecoin has not doing well recently after they reduced the rewards for people who mine it in early August.
Now, LTC and BCH are no longer existing in the top 10, if we look into market capitalization. And looking for the transactional networks and smart contracts that had taken position during the last couple of years. Currently, BCH and LTC stand at a market capitalization of roughly $3.7 billion and $4.8 billion respectively. Moreover, if we look at the leaderboard, both assets reside in top 20 at the 16th and 18th numbers. On the other hand, Solana (SOL) stands at 9th number and has a valuation of around $8.3 billion.
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