Litecoin (LTC) was the top earner among the top 65 cryptocurrencies last week after growing more than 21.50%, according to CoinMarketCap. In this way, cryptocurrency, 8 in the market. he rose to the rank and managed to pass Polkadot (DOT). This is a move that comes after a very positive week on behalf of cryptocurrencies, including PayPal's announcement to offer support to cryptocurrencies.
Litecoin Becomes Sunday Leader
Litecoin has been the Sunday leader in the past few days as it managed to record the biggest gains in the last 7 days among the 65 best cryptocurrencies in the world. This comes after Litecoin was chosen to be supported by PayPal in its new crypto solution.
A few days ago, PayPal announced that from 2021, its customers will be able to use Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH) through its payment platforms. In this way, millions of traders will have the opportunity to buy, hold and sell cryptocurrencies around the world.
In addition, Litecoin developers continue to work on the MimbleWimble app, which is expected to help LTC grow into the world's largest cryptocurrency with privacy features. The app will also allow Litecoin owners to send and receive LTC, which protects their privacy and makes each cryptocurrency interchangeable.
In the future, this could be added to Bitcoin if the application goes as planned. However, before this can happen, the LTC must show that the solution is useful and works properly.
LTC outperformed last year
Litecoin lagged behind other virtual currencies in the cryptocurrency market last year. Therefore, 8. it is very important that the largest cryptocurrency continues this positive trend.
In terms of BTC, Litecoin, Bitcoin and the cryptocurrency market are at their lowest point since March 2017, before recording big gains and entering a new bull market. Now, Litecoin has a price of $ 57.64 per cryptocurrency and a market valuation of $ 3.8 billion. In terms of BTC, the price of LTC reached 0.00427 BTC per LTC.
Litecoin's future is definitely positive and the market knows it. Litecoin is one of the most widely accepted cryptocurrencies in the world, along with Bitcoin and Ethereum. Moreover, Litecoin has been added to several Fiat ramp platforms, meaning users and investors have easy access to this digital asset.
