The crypto market is trading in the green today, paving the way for a cheerful Saturday for hodlers.
Litecoin (LTC) managed to achieve something really great as the coin surged by 30%.
It now occupies the fourth spot after surpassing EOS and Bitcoin Cash (BCH).
More than $9 billion enter the crypto market overnight
The whole crypto market added about $9 billion overnight, and the most coins that trade with double digits have managed to surge a lot against the US dollar.
LTC is currently trading in the green, and the coin is priced at on $44.61 on CoinMarketCap.
The coin surpassed BCH which had its market cap going through a mid-week slump when it dropped below the $2 billion mark.
The other token that LTC managed to overtake is EOS, and this one leads in terms of market cap by more than $170million.
Litecoin on its way to becoming a privacy coin
At the end of January, Litecoin’s Charlie Lee titled a discussion on Twitter on fungibility and hinted at the addition of Confidential Transactions in a “future release of the full-node implementation” in 2019.
“Litecoin dev team spent hours discussing how to add Confidential Transactions. The way to do a softfork CT is very similar to doing extension blocks and extension blk may be simpler and can do a lot more. We are now also exploring doing bulletproof MimbleWimble w/ extension blocks.” Charlie Lee explained.