Since the beginning of the year, the price of this cryptocurrency has increased in a very interesting way.
An unprecedented rise. The price of Litecoin, a virtual currency competing with Bitcoin, rose + 27% in 24 hours to reach +180 dollars. In January, the Litecoin cap at $ 4.33, according to the site Coinmarketcap.com.
The capitalization of the virtual currency now reaches +9 billion dollars, which places it in fifth position of cryptocurrencies. Litecoin still remains very far from Bitcoin, whose capitalization is around 275 billion dollars.
Low cost and high demand
In recent months, all virtual currencies have seen an increase in their values. But how to explain this investor appetite for Litecoin? For Charlie Lee, the founder in 2011 of this cryptocurrency, this is primarily due to its low cost. "The Bitcoin will always be the reference, with the most secure network, said this former employee of Google.But the Litecoin will arrive soon after because our transactions are less expensive.
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