Litecoin [LTC] and Cardano [ADA] are competing closely as the difference between the market capitalizations is just 120 million.
Cardano [ADA] is currently trading at a price of $0.36 and positioned at number 6 according to coinmarketcap. On the other hand, Litecoin [ADA] price is at $163.3 and positioned just after Cardano at number 7. Cardano has a market cap of $9.3 billion and falling, whereas Litecoin capitalization is witnessed to be at $ 9.2 billion at press time.
Cardano’s performance is remarkable compared to top 10 players in the crypto-sphere, as its leading with a hike of 20% in the last one-week period. Litecoin has seen an increase of 7% since last week. Surprisingly in the last 24-hour period, Litecoin is witnessing a hike of 5% whereas Cardano experienced a drop by 4.3%.
According to the coinmarketcap (14:00 UTC), Litecoin is depicting a decrease in its price by 0.45% and Cardano is facing a 1.6% decline in the past hour. Both the coins are competing closely as the prices are dropping and rising at a similar pace.
Cardano [ADA] over the past month has been in the news for several reasons, below is a gist:
- The much-awaited launch of testnet on 28th May
- The release of Daedalus wallet beta for Linux users
- Signing of an MOU with Ethiopia for use of Cardano’s technology in agriculture
Litecoin [LTC] had its fair share of fame with announcements like:
- Korbit and TenX wallet adding support for LTC
- Partnership with Aliant Payments
Max Kadushniy a crypto investor says:
“Litecoin is here to stay. ADA and LTC have unique differentiators, you can’t make it a fight. Right now yes Litecoin might be under the radar but wait for the bull run, expect the unexpected. You will have a XRP moment when the tide turns”
“Cardano’s recent updates, IOHK and the rest. The first time buyers still look for “cheap” prices. Cardano is cheap and it has seen a massive growth past week so why wouldn’t people invest. Personally, I would prefer Cardano over Litecoin, I hope LTC dies. Charlie Lee sold his LTC, what does that say about the project? Silver… Nah, it’s just some random pump and cash out game.”
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