02/11/2019 08:20

Release： 02/11/2019 08:20

Update： 04/08/2021 02:35

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Litecoin (LTC) surges and climbs to a market cap ranking of 4th! Could the overall surge in cryptocurrencies be influencing this? What exactly are the causes!?

Litecoin (LTC) surges and rises to 4th place by market cap

From around 17:00 on February 8, Litecoin (LTC) began to rise, and in about two days it jumped nearly 40%, recording $47 as of February 11.

As of February 11, Litecoin (LTC) has a market capitalization of about $297.546 million, slightly surpassing EOS by just under $200 million, placing it 4th in the cryptocurrency market cap ranking.

Two favorable fundamentals are cited as the backdrop for this rally, with particular emphasis on

Media coverage of the implementation of the privacy-focused protocol “MimbleWimble” appears to be the most important factor driving this surge.

The Litecoin Foundation announced BEAM development support for the MimbleWimble implementation
CoinGate has built a payment system utilizing the Lightning Network

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