/biz/ - Business & Finance

>>2710679
See the 30d volume at http://coinmarketcap.com/currencies/volume/monthly/ to understand why the recent LTC activity is not just a meme china pump/dump. It is a coin that sees heavy use, and deserves a much higher spot on overall market cap because of this (note how the 30d volumes for BTC and ETH mimic their caps...)

For LTC to pass Ripple at #3 on market cap (which again, based on volume it obviously should) it needs to get to $10B, easy calculations $10,000M / 51.8M coins ~= $193

This is still well below the "1/4 BTC" price maximum ($625 lol) which I don't think is realistic, but plenty of room to grow from the current price.

In terms of comparisons to other coins: ETH has been dragging itself down from ICO sell offs as well as the reality of impending scaling problems (see http://bc.daniel.net.nz/)), and has much more room to fall, too many coin newbies still haven't cashed out their epic gains. BTC is good, but at current prices the Tx fees are still too high compared to LTC (see attached and use a calculator, the median Tx fees for BTC are about ~99x the median LTC, even ETH median fee is ~16x of LTC)

BUY LTC because it is undervalued, and will be undervalued until at least $100+