Why is LTC on Fire?!Among the other hundreds of coins that are on the rise here in cryptoland, one of them is posed to potentially have an Ethereum-like explosion in value going into 2018. Litecoin has so much on its horizon and very few are even paying attention as Bitcoin has clearly been stealing the spotlight for the last half of 2017. Litecoin, all things considered, has already seen a tremendous growth for the year 2017. From January to now, Litecoin has gone from trading around 5$ to now trading around 92$! Where can you find a return like that in the stock market? Here are the ten reasons why Litecoin will see huge growth throughout 2018.
- Litecoin could become Bitcoin’s side kick due to its atomic swaps feature.
- Litecoins’ market cap is a dwarf compared to Bitcoin.
Litecoin at the time of writing is at a $5.1 billion market cap. That sounds like a lot and sits currently at the number 6 spot on coin market cap. Put it alongside the amazing technology that is coming and look at its total market cap in comparison to Bitcoin. Litecoin is a tiny spec of dust compared to the $168 billion market cap that is Bitcoin. If Litecoin were to capture even a third of the current market cap of Bitcoin and get to a $50 billion market cap, that would set Litecoins’ price at 920$. A price that, although seems a bit crazy, does not sound in the slightest bit crazy when you see the potential adoption by the masses coming in 2018 of Bitcoin. Litecoin will be right there to ride in its coattails.
- Bitcoin seeing mainstream adoption will also mean Litecoin adoption.