Litecoin has risen in price in the last 24 hours by more than 11% and is preparing to oust the EOS coin from the list of the five largest digital currencies in the near future.
The closest competitor to Litecoin at the moment is EOS, whose capitalization exceeds $ 2.303 billion. The current rate of this cryptocurrency is about $ 2.76. With continued aggressive growth, Litecoin may be among the top five largest digital currencies in the next two days.
On the eve, Litecoin also became more expensive, which allowed it to exceed the Stellar coin in terms of capitalization and push it back to the seventh line in the CoinMarketCap rating. The largest digital assets Bitcoin and Ethereum are now on the contrary cheaper and traded at $ 3,871 and $ 155.16 respectively.
Litecoin in early December last year, traded at a level above $ 30. The coin was in demand from traders because of its inclusion in the Gemini cryptobirth listing and participation as a partner of the UFC fighting association.
2018 was a disastrous period for Litecoin in the history of this asset, which lost almost 90% in value. 2019 may be a new stage in the development of a cryptocurrency project.
Back in early January, developers on the project page on Twitter reported that the LTC network already exceeds 100 active nodes. According to the developers, an improvement in the network’s cryptocurrency capacity will have a positive effect on the attractiveness of this asset, which will allow its rate to rise to new highs.