Redditor Believes Litecoin to be Worth North of $600... Today
Business Insider recently reported that Litecoin is "gunning for $300," but they may be underestimating my favorite the popular crypto coin.
Reddit user kingo86 believes that Litecoin should be worth $600 per coin--and could be worth $1,797 based on its trading volume today.
His math is based on four factors:
The supply-adjusted price is just 7% that of Bitcoin
Google wallet searches for Litecoin are 13.5% relative to similar search engine queries for Bitcoin
Litecoin has almost half (42%) Bitcoin's number of active addresses
The average USD sent over Litecoin represents about 15% of the value sent over Bitcoin
A detailed explanation is available in his original post.
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Litecoin is making waves I never saw coming. Keep shooting higher.
I'm just glad it's showing some movement since it has been stagnant for so long. Can't wait until it passes $300 again.