Historical altcoins show contrasting performances: Litecoin up, Dogecoin down, Zcash stable
Quick Look
- Litecoin gained around 40% in a month, reaching almost $70, while Dogecoin fell 5% over a week and Zcash maintains a capitalization near $22.8 billion.
- ETFs associated with these altcoins are seeing low or negative flows, except for Chainlink.
AI-generated summary
Why It Matters
The article analyzes the recent performance of older generation altcoins (Litecoin, Dogecoin, Zcash, Chainlink, HBAR) in relation to flows to exchange traded products (ETFs) associated with these assets.
The old ones are back on the menu. XRP is holding around $1.50 this Tuesday, October 6, almost like yesterday. The day's movements are played out in historical market values.
Litecoin has gained around 40% in a month, Dogecoin has fallen and Zcash retains more than $22 billion in capitalization. Here’s what older generation altcoins say when you look at them closely.
Litecoin: around 40% increase in one month, then a pause around $70
Litecoin rose from around $50 in early September to over $70 in early October, an increase of around 40% in one month. Its recent high, $75.04, dates from September 26. It is trading around $69.5 on Tuesday morning, after closing at $70.12 on Monday. It remains very far from its record of May 2021, around 410 dollars.
The rise did not trigger any rush to ETFs. Litecoin funds accumulate $14.7 million in assets for $15.8 million actually invested, according to Yahoo Finance.
Dogecoin: a week of decline and almost empty ETFs
The Dogecoin, Litecoin and HBAR ETFs collected less than $10 million between them during the week of September 28 to October 2. On the Dogecoin ETF side, $879,000 entered on September 29, then 551,000 exited the next day. The token lost around 5% over the period, according to the same statement.
Zcash, Chainlink, HBAR: ETF money is still looking for its door
Zcash is worth around $1,340, or around 58% below its record of $3,191, for nearly $815 million exchanged in twenty-four hours and a capitalization close to $22.8 billion. He ranks around tenth.
Chainlink ETFs had the most regular inflows of the week, while the token fell by around 2%. HBAR gained nearly 7% over the period, with $80 million in assets for $114 million invested. Polkadot did not receive any flows.
What to Watch
AI outlook — possibilities, not facts
Litecoin could retest its levels near $75 if the uptrend continues
Possible · Within weeks
Dogecoin ETF outflows could continue if negative sentiment persists
Possible · Within weeks
Open Questions
- What are the specific factors behind Litecoin's rise despite no interest in ETFs?
- Is Dogecoin's decline linked to speculative selling or broader disinterest?
- Why are Chainlink ETFs seeing steady inflows as the token declines?
