This Cryptocurrency Gave 7000% Return in 2017, Should U Invest?

The rise of Bitcoin has really attracted people but this new cryptocurrency is giving a tough fight to Bitcoin. With 7000% return in 2017, here is Litecoin, the fourth largest cryptocurrency in the world.

Litecoin: The Cryptocurrency that is growing at Rocket Speed

Litecoin is a cryptocurrency developed by Charlie Lee, a former employee of Google who is also an ex-director of Engineering in Coinbase. Litecoin, which was going at $1 since 2013 suddenly picked the market in May 2017. On June 01, 2017 the price of Litecoin was $25.58 and in due months it saw a phenomenal rise.

Today, the price is Litecoin moved past the $300 level,  which is certainly very high given the price in early June of this year. It is evident that the price will continue to rise as and when investors will invest in Litecoin.

LTC is the fourth largest cryptocurrency apart from Bitcoin, Ethereum and Bitcoin Cash in terms of market capitalization. Litecoin has a market cap of $16,827,509,202 USD while Bitcoin has a market cap of USD 287,349,267,892. Bitcoin presently is trading at $17,200 with a continuous growth.

Litecoin has gained 5700% as of December 12, 2017 on year to year basis while Bitcoin has gained around 1550% in the same duration. One has to note that the price of Litecoin was around 0-4 dollars in those times and has recently recovered.

Litecoin: The New Bastion for Investors

After Bitcoin, Litecoin has now been dominating the interest of investors. Investors are piling up their money in Litecoin that is growing at rocket pace. With the speed at which it is growing and the given future of cryptocurrencies, it has a bright future.

It won’t be shocking if Litecoin comes closes to Bitcoin as Litecoin is four times faster than the Bitcoin and it takes lesser time to confirm a block, according to deutsche bank wealth management. Litecoin is scheduled to cap 84 million currency unit and it can generate Litecoin through mining.

With the present situation, it would be a very wise step in investing in Litecoin as they have all the chances of giving you great returns within few times