Imagine you’re watching a race where most cars are moving at a steady pace, but one car, named Liquity, suddenly speeds up and takes the lead. That’s what’s happening in the crypto world right now!
Liquity, a kind of “bank” where people can borrow and lend money, has seen its own currency, LQTY, almost double in value in just a month. It’s like a small-town athlete suddenly outpacing Olympic champions! A month ago, you could buy LQTY for about 75 cents, but now it’s around $1.50. Meanwhile, the big players like Bitcoin and Ethereum have only moved a little – Bitcoin went up by just 2%, and Ethereum even dropped by 3%. Solana’s SOL, another competitor, increased by 20%.
Now, the total value of all LQTY tokens out there is around $120 million. It’s like a small startup suddenly getting a lot of attention and investment. This shows how unpredictable and exciting the crypto world can be. The company behind Liquity says they’ve been busier than ever, which might be why their token’s value has changed so much. People using Liquity have been rewarded with about $625,000 in the past month. They can join the LQTY “betting club” to deposit their tokens and earn rewards, paid in both LUSD and ETH.