The growing awareness and adoption of Bitcoin (BTC), the most famous virtual currency, has helped lift many boats in the cryptocurrency sea. Juniper Research predicts Bitcoin transactions alone will reach $92 billion in 2017, suggesting triple growth from the levels of transactions in 2015.
Economic turbulence in the Eurozone and Asia, especially China and Japan, and U.S. presidential election are some of the factors experts say will weigh on the strength and volumes many currencies, including cryptocurrencies.
Some of the cryptocurrencies other than Bitcoin worth watching in 2017 are:
Litecoin (LTC): Market cap of $187.5 million
Litecoin was created in 2011. If Bitcoin is the gold of virtual currency, then Litecoin is considered the silver. The price of LTC/USD is about $3.90, while LTC/BTC is 0.00595908 BTC. The virtual currency claims that it has a faster processing speed than Bitcoin.
It has been a volatile year for Litecoin. With the economic uncertainties in view, some analysts predict Litecoin could gain ground in 2017, possibly rising to $10.
Litecoin has a market cap of $187.5 million. Slightly over 48 million units of Litecoin are available and its supply is capped at