Bitcoin and Litecoin are both up, but most of the other coins are all on the way down.
Why does Bitcoins make comeback?
Several have judged the controversial cryptocurrency bitcoin after the violent price drop here in 2018. But now the development seems to have taken a new turn - at least for a while.
LitePay optimism and post-fork rally continues
Litecoin was a top performer last week as well, for two key reasons. First, the unofficial "hard fork" that created Litecoin Cash and distributed the coins to Litecoin holders at a 10-for-1 rate was completed over the weekend. While it remains to be seen how effective the new Litecoin Cash currency will be (if at all), it seems to have helped renew interest in Litecoin.
As I write this, Litecoin Cash is trading for $8.66, so holders of Litecoin at the time of the fork are entitled to nearly $87 worth of the currency for every Litecoin they held. (Note: In full disclosure, I own Litecoin tokens and have not claimed my Litecoin Cash, nor do I have any immediate plans to. The process is quite complicated and Litecoin Cash isn't usable on most major crypto exchanges at this time.)
Read more: fool.com
