Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows
Cointelegraph
Published Jan 23, 2020 03:56PM ET
Updated Jan 23, 2020 05:42PM ET
Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows
The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018.
Cryptocurrencies’ volatile behavior is one of the main concerns raised by researchers and it complicates the argument that Bitcoin should be classified as a traditional investment asset and that it is a reliable store of value.
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Written By: Cointelegraph
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