has the sixth highest market cap at about 12 billion dollars. The Litecoin price, on the other hand, has been up and down with the recent trends. However, the massive potential for implementation of the cryptocurrency makes many people confident about its future.
As far as performance is concerned, last year was a great success for Litecoin, surpassing both Ethereum and Bitcoin with a rise in the value up to 2000 percent. However, making price predictions for this year will not be an easy task, regardless of the fact that every single cryptocurrency is very volatile at the moment. The number of people who are using Litecoin should increase because if many people are adopting Bitcoin, the adoption rate for other cryptocurrencies will rise as well. You can compareso you can see this phenomenon.
The development of Litecoin also depends on the faster exchange than Bitcoin and also the low costs it offers no matter of how many transactions are happening. Another thing that you should take into consideration is government regulations especially from the major influencers like China, Japan, and USA.
The truth is that we nobody really can tell you for sure, we can all just make a guess based on the performances on every cryptocurrency in the past year.
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