Ethereum reached an all time high of 1 430 on january 13 2018 more than two years ago. They work according to the general market sentiment. Indeed these two digital assets behaved in a very similar way.
Both litecoin and ethereum experienced bull and bear markets. Developer charles lee took the open source code of bitcoin as his basis and created a currency unit improving some of the shortcomings present in the satoshi nakamoto system. This cryptocurrency is the second largest fork off of bitcoin appearing in 2011.
Litecoin is older than ethereum. Although bitcoin often drags everything up and down with it some tokens do. That said diversifying your crypto portfolio is a wise move.
If the past few years significant booms and busts told us anything it s that you can expect volatility wherever you go. When it comes to investing in cryptocurrencies nothing is a sure thing. In comparison litecoin handles just over 30 000 transactions a day and while even bitcoin handles 300 000 or so ethereum is trading hands with incredible frequency at almost 1 000 000 daily.
Its popularity faded somewhat as the ethereum project and its native digital currency ether became the second largest digital currency in 2016. The altcoin even experienced a degree of merchant adoption in its early years. Litecoin quickly emerged as the second largest digital currency after bitcoin as measured by market capitalization.
For a long time that was the case. When litecoin first launched in 2011 it was said that if bitcoin is digital gold then litecoin is digital silver. A litecoin block takes only 2 5 minutes to hash compared to the 10 minutes it.
And because scrypt is less mathematically complex than sha 256 litecoin mining is way faster than bitcoin mining.
