Litecoin Market Capitalization Crosses $15 Billion and Continues to Increase

In a massive race, since the weekend the price of Litecoin has risen from less than $100 on Friday to almost $300 in press time. Along with the price hike, the altcoin's market capitalization has increased from $8 billion to more than $16 billion in just two days.

The peak prices have largely been attributed to a combination of increased Bitcoin awareness, and Litecoin's potential to become the payment method of choice, should Bitcoin's price become so large that smaller payments are not viable.

The price jump provoked a protest of desperation on Twitter under the hashtag #ShouldveBoughtMoreLitecoin, as investors lamented that they had not bought more of the altcoin when prices were low.

Loshan: Litecoin is now @ $250. I think #ShouldveBoughtMoreLitecoin. Loshan (@ loshan1212)12 December 2017

Massive increase

The enormous increase in the market cap and Litecoin's price reflects the overall growth in the adoption of crypto coins worldwide throughout 2017. The increase has been so substantial that the current market capitalisation of Litecoin is more than the total market capitalisation of all cryptomoney combined at the beginning of the year.

Ari Paul: Litecoin is now worth more than the entire cryptomoney market just 15 months ago. Ari Paul (@AriDavidPaul) 12 December 2017

Part of the growth in cryptomoney investment comes from investors moving from traditionally stable investment vehicles, such as gold, to dip their toes into cryptomoney.