Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

You Ain’t Seen Nothing Yet! Wait for it: Litecoin And Ethereum Classic Reach All-Time Highs

CryptocurrencyMay 10, 2021 07:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
You Ain’t Seen Nothing Yet! Wait for it: Litecoin And Ethereum Classic Reach All-Time Highs

  • As cryptocurrencies surge, experts push for the adoption of more altcoins.
  • Ethereum Classic and Litecoin prices have reached record highs in May.
  • More investors are in search of altcoins as get-rich-quick schemes.
  • $370 for Litecoin: too high or just getting started?

Altcoins, alternatives to Bitcoin, have seen their fair share of success in the crypto space. The recent bullish trend in the market has seen the prices of altcoins, both small and large, going up in recent weeks. This year, the total market capitalization of altcoins soared over $1 trillion, bringing the total market capitalization of cryptocurrencies to over $2 trillion, with Bitcoin still the king of the market.

Litecoin And Ethereum Classic Break Price Records

The second quarter came with lots of blessings for altcoins as Litecoin, a coin touted as a competitor of Bitcoin at its inception, traded at $370 on May 7, having risen from $271 at the start of the month.

Ethereum Classic (ETC), the coin sibling of the more popular Ether (ETH), has also soared in recent weeks. It hit an all-time high of $177 this month and looks set to surge more than ever before. Experts suggest that this is “altcoin season,” and they are right.

Not only have Litecoin and Ethereum Classic soared, but Dogecoin has also been amongst the biggest gainers as its price rose by more than 400% and increased again following Elon Musk’s appearance on Saturday Night Live. Dogecoin has risen by a record-breaking 26,000% in the last six months. It must be altcoin season as even the “funny dog” is shooting through the roof.

The Ethereum blockchain has the largest network, with over 3,000 decentralized applications and solutions. The blockchain helps all its tokens as they are all steadily increasing. Ether crossed the $3,000 mark and in no time surged to $3,500, with experts and investors setting their sights on $4,000. Within a few days, its sister currency, Ethereum Classic, rose more than 350% from an initial $38.67 at the start of the month.

In the past few years, Ethereum Classic has witnessed some challenges due to security breaches on its network and a sharp decline in active daily users compared to ETH. The boom of ETH due to its recent upgrade to 2.0 and historical sentiment for Ethereum Classic has led to ETC’s sudden surge. ETC maintains the original Ethereum blockchain, and this has sentimental value for many cryptocurrency traders.

While ETC continues to rise because of its asset sibling ETH, Litecoin has soared for a number of reasons, foremost among them the recent surge in the market from Bitcoin to altcoins.

On the Flipside

  • Coins like Ethereum Classic may not surge further as there is little room for growth when pitted against Ethereum.
  • This thinking comes from the fact that, more than ever, coins are challenging Ethereum.
  • Ethereum Classic was created in 2016 after a hard fork resulting from a contentious dispute on the Ethereum blockchain.
  • Some of the challengers, the so-called Ethereum killers like EOS, Polkadot, Cardano, Solana, and even Ethereum Classic, offer more than Ethereum.

The Future For Altcoins

Altcoins are just getting started as increasing numbers of investors prefer them to Bitcoin due to the short-term profit these coins came to make. Within months, altcoins can make over 25,000% profit, as we’ve seen with Dogecoin.

This year has been termed altcoin season, and there’s no slowing down on the trend as it has already risen to new highs. On its current good run, Litecoin may surge up to $1,000 and then $1,500. While that might seem incredible to some, it could just happen this year.


Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

You Ain’t Seen Nothing Yet! Wait for it: Litecoin And Ethereum Classic Reach All-Time Highs

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email