$LIGHT Behind it is a team working on Bitcoin's second layer and the Lightning Network, which can be considered a technical faction within the Bitcoin ecosystem.
However, there are two points that need special attention:
First, its chips are too centralized, with over 80% locked in the hands of the project team, leaving very little circulating outside; this kind of market can easily have its price controlled.
Second, the volatility is extremely high, with daily fluctuations of several tens of percent being common.
Currently, the daily strong resistance is at 0.135. This type of coin is only suitable for those who truly understand Bitcoin scaling technology and can withstand massive volatility.
Ordinary people should best keep their distance; a small-cap with concentrated chips can turn the market upside down with just one large investor's move.
