Past few weeks has been quite remarkable for Litecoin. While the digital currency bloomed in late 2013 with its price reaching to over $50 per coin and over $1 billion in total market cap, it quickly drop to earth and remained flat for three years. Although a lot of people assumed this currency to be dead, that was not the case. In fact, things are looking very optimistic for litecoin and it may seem that it could be catching up with top cryptocurrencies in terms of prices in the near future. Litecoin Value Continues To Soar. The two reason of which is segwit and coinbase.
I was just Imagining, how much money people must have made in the last month by just holding an amount of litecoin.
Till 27th march, the price of litecoin was about 4$.
It was sleeping for a long time, but it has returned like the batman from the "Dark Knight Rises" after years to surprise everyone.
Now Suppose, You were holding 5000$ worth of Litecoin on 27th March 2017, when the price of litecoin was about 4$.
Now, when the price is near 29$, about 7 times. So litecoin worth 5000$ would have become 35000$ worth of money.
i.e a profit of 30000$ in one month.
And If some Millionaire would have holding Litecoin worth 200k$ a month ago, He would have added another million in his pocket without doing anything.
And here I am, after calculating all this, wished I would have had that 5000$ about a month ago.
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