Litecoin Goes Parabolic, Up 30%, Reaches a Market Cap of $1 Billion

Litecoin has gone up some 30%, rising from around $16 to now trade at almost $23, giving the currency a market cap of $1 billion, the fourth biggest in this space after Bitcoin, Ethereum and Ripple.

It’s trading volumes over the past 24 hours have also considerably increased to $300 million, just slightly more than eth and around half of bitcoin’s volumes which are partly made of bitcoin to altcoin trading.

Litecoin jumps some 30% in just one day.

This sudden rise is primarily due to Coinbase adding Litecoin yesterday. They said the addition was part of their plans to move towards a “digital assets” company, rather than just a bitcoin company.

The listing is made after Litecoin gained some attention due to their plans to implement Segwit. In just one month, it rose from $4 to now $23 after the currency became a bit interesting due to the miners’ maneuvering regarding Segwit activation.

Eventually, they all agreed to go ahead with it,

Read more ... source: CryptoCoinsNews

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