Among the other hundreds of coins that are on the rise here in cryptoland, one of them is posed to potentially have an Ethereum-like explosion in value going into 2018. Litecoin has so much on its horizon and very few are even paying attention as Bitcoin has clearly been stealing the spotlight for the last half of 2017. Litecoin, all things considered, has already seen a tremendous growth for the year 2017. From January to now, Litecoin has gone from trading around 5$ to now trading around 92$! Where can you find a return like that in the stock market? Here are the ten reasons why Litecoin will see huge growth throughout 2018.
- Litecoin could become Bitcoin’s side kick due to its atomic swaps feature.
A lot of cryptocurrency analysts and investors are predicting that Litecoin has the potential to become the sidekick to Bitcoin due to its atomic swaps feature. Atomic swaps allow Litecoin to be exchanged directly into Bitcoin without going through an exchange. This technology not only provides a much safer way to exchange Bitcoin into Litecoin, it also provides a much less expensive way to transact. Right now, Bitcoin is very expensive to send back and fourth between exchanges. To send 0.1 Bitcoin at the time of writing costs around 70$. However, if we had the ability to turn Bitcoin into Litecoin directly with no exchange fees, we could then send the Litecoin anywhere in the world and it would cost pennies in comparison to the large mining fees associated with Bitcoin.
- Litecoins’ market cap is a dwarf compared to Bitcoin.
Litecoin at the time of writing is at a $5.1 billion market cap. That sounds like a lot and sits currently at the number 6 spot on coin market cap. Put it alongside the amazing technology that is coming and look at its total market cap in comparison to Bitcoin. Litecoin is a tiny spec of dust compared to the $168 billion market cap that is Bitcoin. If Litecoin were to capture even a third of the current market cap of Bitcoin and get to a $50 billion market cap, that would set Litecoins’ price at 920$. A price that, although seems a bit crazy, does not sound in the slightest bit crazy when you see the potential adoption by the masses coming in 2018 of Bitcoin. Litecoin will be right there to ride in its coattails.
- Bitcoin seeing mainstream adoption will also mean Litecoin adoption.
The potential is really mind boggling. If Bitcoin becomes mainstream and everything goes smoothly with the CME group implementing futures, the price of Bitcoin in 2018 is going to be a number that takes peoples breath away. If you thought 2017 was a crazy ride, just wait till 2018. With the masses pouring into Bitcoin, Litecoin will be right there to help ease the transaction costs and act as the go-to coin for everyday payments. Sure there are other competing coins for the number 2 spot. The majority of people that are new to cryptocurrency however are not familiar with anything but Bitcoin. Once they become educated on the crypto space further, they learn more about the “Big 3”. Those three being Bitcoin, Ethereum, and Litecoin. It’s only a matter of months before Litecoin explodes, make sure you get on the train before it takes off!