The Rise of Litecoin
Litecoin (LTC or Ε) is a peer-to-peer cryptocurrency and open source software project which is inspired and nearly identical to the architecture of Bitcoin.
As of recently, Litecoin has been soaring in price despite the recent blunder the market has had.
Chinese and Korean corporations have put huge investments into the coin, giving it a $2,240,766,172 market cap as of the 18th June.
With over $1 billion trading volume in 24-hours, one cannot deny the success of Litecoin right now.
Unfortunately, we have seen several LTC price rises over the past few months, which never lasted all that long.
It is unclear if this new upward trend will be sustained in the long run, though. If the trading volume stays as high as it is right now, things are looking quite good for Litecoin.
Will it one day be able to challenge the likes of Bitcoin or Ethereum?
Let me know what you think.