Top 10 Market Cap Shakeup: Litecoin And Ethereum See Massive Gains
Cryptocurrency investors finally had some positive news to applaud, the markets responded with a wave of green and some shakeups in the top coins by market capitalization.
Litecoin led the way with a thirty percent leap on the day, taking the price of LTC to over $43 as of writing.
While the coin has long been viewed as the “Silver” to Bitcoin’s gold, Charlie Lee’s creation managed to leapfrog EOS to become the fourth largest cryptocurrency by market capitalization.
In December 2017, amidst the bull run that took cryptocurrency to a near one trillion dollar market capitalization, Litecoin was soaring high at over $350 per coin.
“We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa. Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality.”
Ethereum also saw a spike in price on the day, which outpaced that relative to the market and other top ten currencies.
As of writing, the ETH token climbed 13 percent over twenty-four hours, bringing the price of Ethereum to $118 and staving off the critical line being built at $100. XRP and TRON also posted significant gains on the day, climbing 6 percent and 5 percent in price, respectively.
Michael Lavere’s original article for ethereumworldnews.com reduced by 65%
Related news – The Bitcoin Price Is Booming, But Here’s Why You Shouldn’t Get Too Excited [Yet]
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