Bitcoin pulls altcoins to the moon

The growth of bitcoin has also triggered altcoins to follow their “elder brother.” Ethereum, Litecoin, Monero, Dash and many others have reached all-time highs.

On 29 November, Ethereum overcame the long-awaited mark of $500. Within the last 24 hours, the price of the cryptocurrency has grown by 10.17%, and over the last seven days, the growth rate has reached 42.01%. Investors positively assess the information about the imminent launch of the Casper network.

Litecoin overtopped $100. Within 24 hours, altcoin often referred to as “digital silver” has risen in price by almost 10%. Its capitalization jumped above $5.5 billion, and the daily trading volume has exceeded $603 million.

However, it should be noted that Litecoin grows on par with fiat currency, but remains at the same level or even demonstrates a decrease on par with bitcoin. Since the beginning of September Litecoin has fallen almost twice to bitcoin, from 0.0177923 BTC to 0.00937757 BTC…

Read Full: Bitcoin pulls altcoins to the moon