Litecoin aglow

Litecoin kept soaring yesterday, at one point crossing $80 on a price rise of as much as 28% in 24 hours.

Seemingly impervious to FTX and related turmoil, LTC is a beacon of light in a storm, apparently the beneficiary of an impending deflationary change in its supply dynamics, set for roughly eight months from now. That's when Litecoin will see its third-ever mining reward "halving," which refers to a programmed code that will reduce rewards paid to LTC miners from 12.5 LTC per block to 6.25 LTC per block.

Social media engagement related to LTC is on the rise as of early Thanksgiving morning although the 13th-largest digital asset had shed 1.5% over 24 hours.

Here's a rundown of the steepest price declines among Top 20 digital assets across the past 14 days.

As of Wednesday afternoon, per CoinGecko, Solana was the undisputed leader of the large-cap losers with a 45% plunge in the past two weeks.

Double-digit percentage losses (ranging between -10% and -20%) have been notched by Bitcoin, Ethereum, BNB, Cardano, Polygon, Polkadot, Lido Staked Ether, Shina Inu, Tron and Uniswap.

XRP and Dogecoin took single-digit retreats. XRP lost 8%; DOGE lost 9%.

One coin, OKB, was flat. Another, LEO, eked out a 2% gain over the past two weeks.

Then there's Litecoin, up 36% on the fortnight.

Having become the world's first country to declare Bitcoin as legal tender, the tiny Central American nation of El Salvador is currently working on new legislation opening the door to facilitating the free exchange of all cryptocurrencies.

According to Decrypt, citing the official website of the National Assembly of El Salvador, the Digital Asset Issuance Law would regulate the transfer operations of any digital asset, as part of an effort to "promote the efficient development of the digital asset market and protect the interests of acquirers."

And so even in the midst of a bear market, Decrypt said, El Salvador is doubling down on its crypto bet.