Litecoin Joins Crypto Craze, Surpasses Ripple in Market Cap

Litecoin (LTC/USD) finally awakened to the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term rally, spiking unexpectedly to as high as $4.54 on BTC-e, its highest level in over 3 months.

Litecoin had been trading relatively flat after eking out a modest gain late last week, but suddenly surged by 20% in 6 hours. It was the second sudden surge during the current bitcoin hot streak, during which litecoin's advance was seemingly suppressed.

However, litecoin's historical following and amplification of bitcoin movements has been most pronounced during wild frenzies; day-to-day movements have been increasingly conducted on its own terms, as observed in the earlier stages of the bitcoin rally when bitcoin's gains were more modest.

The altcoin has traded relatively flat near $3.00 since falling off its early-July spike to $8.65, even as bitcoin proceeded to double over the past several weeks.

Fundamentally, litecoin has attracted but a fraction of the following of Bitcoin, and many have written it off as a noble experiment destined to go nowhere. However, some of its beneficial attributes were noted during the recent Bitcoin XT spat, and the coin has been quite resilient this year after nearly falling below $1.00.

With today's rise, litecoin has reclaimed 2nd spot in market cap from Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term's XRP currency, which held the spot for roughly one year. Ripple has struggled in 2015 after an explosive final quarter last year, whereas litecoin has doubled year-to-date.

The LTC/BTC rate hit a high of 0.0012.