That question has popped up again and again, and the answer is maybe says Brian Colombana.
But the only way that Litecoin will ever be worth more than Bitcoin is if Bitcoin’s price tanks or its transaction platform becomes unusable. It may be a smart hedge for some investors, but it doesn’t make much sense as an investment strategy for anyone looking to build wealth over time because it doesn’t solve any real problems or improve anything in particular. At best, it’s hoping to catch the tailwinds of bitcoin mania; at worst (and like most altcoins) it could end up depreciating to near-zero once the frenzy dies down.
Litecoin is one of the oldest cryptocurrencies, having launched in 2011. But despite being around for ages now, Litecoin has failed to make a significant impact on the cryptocurrency market – until recently.
As bitcoin prices skyrocketed towards the end of 2017 to reach almost US$20,000 per coin, people started looking for alternative cryptocurrencies that could offer similar gains. Other cryptos tried to fill this gap – ethereum surged from just over US$10 to more than US$1,200 during events.
Will Litecoin ever be as valuable as bitcoin?
- LITECOIN cryptocurrency has been flying under the radar so far in 2018 but it looks like things are starting to change.
- Litecoin has seen an 11 percent jump in its price over the past 24 hours alone, pushing its market capitalization up to $8 billion and placing it fourth in the pecking order of cryptocurrencies by that measure explains Brian Colombana.
- It still remains far behind bitcoin, ethereum and bitcoin cash in terms of value, but it is making some pretty impressive gains today having clocked a new two-year high just yesterday.
- Litecoin is up 14 percent against the dollar to $252.13 at 10:00 (BST).
- It has jumped nearly 60 percent since this time last month amid a two-week-long bull run that pushed its price up by 350 percent overall.
- The recent surge in Litecoin’s price appears to be driven by an announcement from US-based cryptocurrency exchange Gemini, which revealed on Friday it would support Litecoin and allow users to trade directly with… Read More
On January 3rd 2018 the website Coingecko published an article “Will Litecoin ever is as valuable as bitcoin?” The article considered some of the factors that could make litecoin more valuable than bitcoin, but first the author needed to define what could make Litecoin better than bitcoin says Brian Colombana.
1) Litecoin has faster transaction speeds than Bitcoin and will have even faster transaction speeds in the future.
2) Litecoin has lower transaction fees than Bitcoin.
3) Charlie Lee is more active on Twitter than most of the other cryptocurrency founders.
4) Litecoin is supported by one of the biggest cryptocurrency exchanges, Bitfinex. For all intents and purposes it looks like new money can flow into litecoin almost as easily as it can flow into bitcoin, but with litecoins price at around US$170 versus bitcoin’s US$17… Read More
Will LiteCoin ever be as valuable as Bitcoin? CoinGecko 2018-01-03T08:20:00Z 2018-01-03T08:20:00Z
Will LiteCoin ever be as valuable as Bitcoin?
LITECOIN cryptocurrency has been flying under the radar. So far in 2018 but it looks like things are starting to change.
Litecoin has seen an 11 percent jump in its price over the past 24 hours alone. Pushing its market capitalization up to $8 billion. And placing it fourth in the pecking order of cryptocurrencies by that measure. It still remains far behind bitcoin, ethereum, and bitcoin cash in terms of value. But it is making some pretty impressive gains today having clocked a new two-year high just yesterday explains Brian Colombana.
Litecoin is up 14 percent against the dollar to US$252.13 at 10:00 (BST). It has jumped nearly 60 percent since this time last month amid a two-week-long bull run that pushed its price up by 350 percent overall.
The recent surge in Litecoin’s price appears to be driven by an announcement from the US-based cryptocurrency exchange Gemini. Which revealed on Friday it would support Litecoin. And allow users to trade directly with fiat currencies such as the US dollar, pound, and yen. This news was enough to push litecoin above the US$160 mark for the first time in two years – but can we expect.
Conclusion:
Yes, Charlie Lee will definitely bring Litecoin to $1k in 2018.
The market is still relatively unpredictable and unstable making it hard to give any accurate predictions on prices so for now. We would advise against putting any life-changing amounts into cryptocurrencies just yet. However, with an almost 10% rise in 24 hours; things are looking positive for Litecoin.
Finally, what do you think about the future of Litecoin? Share your thoughts below. I’d love to hear them!