Bitcoin's SHA-256 encryption is best suited for mining by special-purpose chips, while Litecoin's Scrypt algorithm requires a lot of memory and is more amenable to mining by AMD and Nvidia graphics cards. As investors and regulators struggled to manage an inflation-soaked global economy, the Litecoin token fell 64% between the New Year and the end of June. The cryptocurrency has staged an impressive comeback in the second half of 2022, gaining 18% since June 30 while Bitcoin, TRON, and Solana (CRYPTO: SOL) saw additional price cuts instead, ranging from 17% to 65%.