Altcoins which make up for more than 95% of existing cryptocurrencies have for the longest time proven their value in the world of cryptocurrency. And as traders know, they rake in quite an amount both in trading volume and in market capitalization.
This year, some altcoins are proving more than others that they are not only reliable for trading and investments but that their credibility against Bitcoin is not far from each other. Two out of a handful of these altcoins includes the Binance Coin (BNB) and Litecoin (LTC).
What To Expect In The Month Of July
For BNB whose backings from the Binance team has been as firm and as consistent as possible, it is speculated that the coin will continue to make an upswing that will conclusively result in double its current trading price which at the time of this writing is seated at $32.
Although LTC will require nearly double its present trading volume to attain the same market cap as XRP, an American based data investment organization Weiss Ratings has revealed that LTC checks all the boxes in terms of adaptation and birthing good investment returns.
Performance So Far
For the past six months, both altcoins have achieved tremendous growth in price, market cap, and trading volume. BNB’s remarkable success which began from January showed the coin’s movement from the 13th to the 12th spot. At the time, IOTA was the only cryptocurrency to have traded places with BNB.
However, in less than 3 months BNB attained the 7th spot and hit a trading price more than 10 times its previous value. LTC, on the other hand, has since been making waves through 2018 up until the present.
LTC which had previously been navigating back and forth against EOS was not only able to garner more than double its previous amount, the coin has maintained the fourth position till present.