Recently, Litecoin has jumped nearly 50% in A short period of time. At one point, it was $48. This morning it's slightly lower, now at $44.3 (the data comes from the worldcoincap).
At the same time, after a slump in June 14, Bitcoin and Ethereum's price are still in slow climb, but up to now still not back to before June 14th level.
Litecion community is pleased with the price increase of Litecoin.However, Litecoin of the current market valuation is only $2.5 billion, and the Bitcoin's value is nearly $44 billion,Ethereum's value also has nearly $35 billion, will pursue the first two, Litecoin still has a long way to go.
boldThe reason why price sharp rises
The newbies in the digital money market are now staring at the currency in the wake of the surge in bitcoin and Ethereum.Chinese and South Korean digital currency speculators have been the most enthusiastic. In the past 24 hours, China and South Korea have traded more than $1 billion in transactions, accounting for more than 50 percent of the world's total trading volume, according to the data.
The rise in the price of Litecoin may have something to do with the hard bifurcation risk that bitcoin may face. According to the Wall Street stories previously mentioned, the Bitcoin community is whether the expansion (extending the block capacity from 1 m to 2 m or more) of the noisy over, if ultimately unable to reach a consensus within a community, Bitcoin will probably like Ethereum last year is divided into two branched chain, and Bitcoin's credit would be a great hit. The data show that the price of Ethereum has plunged by 50% as a result of hard bifurcation.
In order to be safe, some Bitcoin players have switched to Ethereum and Litecoin platform. Because Litecoin has the same open-source code as Bitcoin, the operating system is similar, and the currency is often seen as a replacement for the Bitcoin system's collapse.um's value also has nearly $35 billion, will pursue the first two, Litecoin still has a long way to go.
bold
The reason why price sharp rises
The newbies in the digital money market are now staring at the currency in the wake of the surge in bitcoin and Ethereum.Chinese and South Korean digital currency speculators have been the most enthusiastic. In the past 24 hours, China and South Korea have traded more than $1 billion in transactions, accounting for more than 50 percent of the world's total trading volume, according to the data.
The rise in the price of Litecoin may have something to do with the hard bifurcation risk that bitcoin may face. According to the Wall Street stories previously mentioned, the Bitcoin community is whether the expansion (extending the block capacity from 1 m to 2 m or more) of the noisy over, if ultimately unable to reach a consensus within a community, Bitcoin will probably like Ethereum last year is divided into two branched chain, and Bitcoin's credit would be a great hit. The data show that the price of Ethereum has plunged by 50% as a result of hard bifurcation.
In order to be safe, some Bitcoin players have switched to Ethereum and Litecoin platform. Because Litecoin has the same open-source code as Bitcoin, the operating system is similar, and the currency is often seen as a replacement for the Bitcoin system's collapse.
Great article!
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