At a time when all major cryptocurrencies seem to be taking a dip in value, it is refreshing to hear a success story. Litecoin is set to skyrocket in value this year, after suggestions that it could be added to the hugely popular Gemini crypto exchange.
Litecoin is currently valued at approximately $179.61, but this could change dramatically if they are to be added onto the exchange. Gemini exchange is owned and run by the Winklevoss brothers, and they have said that this year is going to look very different thanks to a great Wall Street involvement. He said;
“In 2018, you’re really going to see institutions and Wall Street really get in, and it’s going to look very different.”
Despite the good prospect for the year ahead for Litecoin, it has suffered a slump over the past 7 days, and has declined in value by 11.6 percent. Mr Lee, the founder of the altcoin has desperately tried to calm investors and assure them that the cryptocurrency can be trusted, saying;
“Sorry to spoil the party, but I need to reign in the excitement a bit…The market needs time to consolidate. That’s just my experience from seven years of watching this space…People need to be aware of this possibility and invest responsibly.”
Despite this small slump, Litecoin has had a great year, and has risen in value by a whopping 4196.16 per cent, so the news that it could be added to the Gemini exchange could really be a great thing for this coin, and could see it dramatically rise in value.
Featured Image Original Source: Pixabay
Originally posted on: https://cryptodaily.co.uk/2018/03/litecoin-skyrocket-value/