Litecoin is a must to watch cryptocurrency of the year 2018 as it’s price is predicted to reach $1,500 by the end of this year 2018. Talking about the cryptocurrencies, Tim Lea, The CEO of REFFIND said:
“The LitePay product that is being produced has all the hallmarks of greatness. With a heavy emphasis on compliance, there is a great recognition within the team to hit the operational payments space very strongly and with the right compliance issues to deal with the regulatory structures that cryptocurrencies so desperately needs.”
When you consider that Litecoin is currency worth $200, it’s a huge profit of 628%. Litecoin is the 5th biggest cryptocurrency in the market with $12 Billion.
Litecoin is not the only virtual currency that is seeing huge price increases. Bitcoin prices have once again topped $11,000, with investors being confident of a bright future for the top cryptocurrency. Bill Miller, the former Legg Mason fund manager, who is currently running his own hedge fund said;
“What I observed with Bitcoin is that it’s following a very time-honoured path of disruptive innovation going all the way back to the printing press, railroad, electricity, radio in the 1920s, biotech, the internet….Bubbles are necessary to bring capital into the market to see if these innovations are actually going to stand.”