Litecoin (LTC)
Market Cap – $13.6 Billion
Token Price – $249.5
Brief Explanation – Digital Currency
What Is Litecoin? Litecoin was made to offer what bitcoin lacked. Litecoin regularly implements future Bitcoin upgrades before Bitcoin e.g. they implemented Segwit before Bitcoin and will most likely do the same with the Lightning Network before Bitcoin
Who Are Litecoin’s Competitors? – Bitcoin, Bitcoin Cash, Zcash, Monero, Dash
Unique Selling Point – Charlie Lee (creator) maintains a close partnership with Bitcoin. He has often described a future where it’s more beneficial to have both currencies than just one, particularly when the Lightning Network is implemented. Therefore, the success of Bitcoin could also result in the success of Litecoin. Some disagree with this and say that there will be no need for Litecoin if the Lightning Network is added to Bitcoin – only time will tell
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