Litecoin Trading Volume Is on the Verge of Overtaking Bitcoin
The 24-hour Litecoin trading volume is edging close to overtaking that of Bitcoin, as traders and developers investigate alternatives to BTC's backlog, while fears of a pump and dump rise.
Following a 24-hour jump of 21.21%, Litecoin sits at only US$800,000 of trading volume away from overtaking Bitcoin as the most traded digital currency in July 9 trading. The volume has quadrupled in the last week to its current US$40M figure. On July 2, 24-hour trading volumes stood below US$10M.
http://cointelegraph.com/news/114797/litecoin-trading-volume-is-on-the-verge-of-overtaking-bitcoin
The 24-hour Litecoin trading volume is edging close to overtaking that of Bitcoin, as traders and developers investigate alternatives to BTC's backlog, while fears of a pump and dump rise.
Following a 24-hour jump of 21.21%, Litecoin sits at only US$800,000 of trading volume away from overtaking Bitcoin as the most traded digital currency in July 9 trading. The volume has quadrupled in the last week to its current US$40M figure. On July 2, 24-hour trading volumes stood below US$10M.
http://cointelegraph.com/news/114797/litecoin-trading-volume-is-on-the-verge-of-overtaking-bitcoin
Once the backlog clears, things will be back to normal.
The correction already seems to have started, with Litecoin already down 25%.
