Why LIT is up 28% as traders bet on Lighter’s US regulatory path
Lighter price has rallied 28% over the past 24 hours to around $2.95 on Aug. 20, making $LIT the biggest gainer among the top 100 cryptocurrencies.
CoinGecko data showed $LIT climbing from around $2.30 to an intraday high near $2.97, with the rally accelerating during the Asian and European trading sessions. The token was also up more than 20% over the past seven days.
The latest buying has coincided with speculation over whether Lighter could eventually gain from a regulated route for decentralised perpetual futures in the United States.
Lighter price has rallied 28% over the past 24 hours to around $2.95 on Aug. 20, making $LIT the biggest gainer among the top 100 cryptocurrencies.
CoinGecko data showed $LIT climbing from around $2.30 to an intraday high near $2.97, with the rally accelerating during the Asian and European trading sessions. The token was also up more than 20% over the past seven days.
The latest buying has coincided with speculation over whether Lighter could eventually gain from a regulated route for decentralised perpetual futures in the United States.
