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Twitter User Predicts That LTC’s Market Cap Will Soar by 2025


by CoinEdition
  • Crypto Twitter user Shan Belew predicted that LTC’s market cap may reach the 100s of billions by 2025.
  • At press time, the altcoin’s market cap was around $6.136 billion.
  • Technical indicators suggested that LTC’s price would drop in the next 48 hours.

The crypto Twitter user Shan Belew predicted in a tweet published earlier today that the market cap for Litecoin (LTC) may climb more than 10X between now and 2025. In the post, he forecasted that the crypto’s market cap could reach the 100s of billions in 2025. 

This would be a substantial increase in LTC’s market cap, which, at press time, stood at around $6.136 billion according to CoinMarketCap. Meanwhile, LTC was trading at $83.94 after its price dropped more than 3% over the past 24 hours. This negative daily performance had pushed LTC’s weekly performance further into the red to -3.29%.

In addition to weakening against the Dollar, LTC was also outperformed by the two market leaders Bitcoin (BTC) and Ethereum (ETH) over the past 24 hours. As a result, LTC was down 3.18% against BTC and 2.19% against ETH.

Daily chart for LTC/USDT (Source: TradingView)

Looking at LTC’s daily chart, the …

The post Twitter User Predicts That LTC’s Market Cap Will Soar by 2025 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Twitter User Predicts That LTC’s Market Cap Will Soar by 2025


by CoinEdition
  • Crypto Twitter user Shan Belew predicted that LTC’s market cap may reach the 100s of billions by 2025.
  • At press time, the altcoin’s market cap was around $6.136 billion.
  • Technical indicators suggested that LTC’s price would drop in the next 48 hours.

The crypto Twitter user Shan Belew predicted in a tweet published earlier today that the market cap for Litecoin (LTC) may climb more than 10X between now and 2025. In the post, he forecasted that the crypto’s market cap could reach the 100s of billions in 2025. 

This would be a substantial increase in LTC’s market cap, which, at press time, stood at around $6.136 billion according to CoinMarketCap. Meanwhile, LTC was trading at $83.94 after its price dropped more than 3% over the past 24 hours. This negative daily performance had pushed LTC’s weekly performance further into the red to -3.29%.

In addition to weakening against the Dollar, LTC was also outperformed by the two market leaders Bitcoin (BTC) and Ethereum (ETH) over the past 24 hours. As a result, LTC was down 3.18% against BTC and 2.19% against ETH.

Daily chart for LTC/USDT (Source: TradingView)

Looking at LTC’s daily chart, the …

The post Twitter User Predicts That LTC’s Market Cap Will Soar by 2025 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Jim Chanos Warns Against Corporate Bitcoin Holdings Amid Valuation Concerns

Jim Chanos Warns Against Corporate Bitcoin Holdings Amid Valuation Concerns

Detail: https://coincu.com/349302-chanos-corporate-bitcoin-warning/
XRP hits new ATH of $3.55 after 7 years amid altcoin surge

XRP hits new ATH of $3.55 after 7 years amid altcoin surge

Ripple’s XRP surged to a new all-time high of $3.55 on July 17, climbing more than 36...