Monero Overtakes Litecoin, Demonstrates Strong Performance

Monero Overtakes Litecoin, Demonstrates Strong Performance

On January 3, Monero officially overtook Litecoin and Ripple, solidifying its position as one of the leading cryptocurrencies in the market. There exists several major factors that pushed the market cap of Monero this past weekend including the Alphabay userbase, active development and integration. Experts Praise Monero, Over the past 12 months, Monero and its development team received positive and optimistic recognition from leading cryptocurrency experts and cryptographers, due to its legitimate cryptography and technology. It is one of the very few cryptocurrencies in the market that....


Related News

Altwars: Monero Beats Litecoin to 4th Biggest Market Cap

Monero (XMR) is challenging the top four cryptocurrencies by market cap, having beaten Litecoin January 3 to reach an all-time high of $227.1 billion. Monero Taunts Litecoin. The privacy-centric altcoin is at press time hovering just below Litecoin’s $222.9 million cap again, making it the fifth-largest according to CoinCap.io. The entry into the top four marks a continuation of an eye-wateringly successful six months for Monero, the value of which as recently as August stood at just $2 per coin. Now, it is almost $17. While the market cap is certainly shy of the $1 billion predicted by....

Monero Continues Upswing With Kraken's Launch of XMR Trading

Kraken, a global bitcoin exchange headquartered in San Francisco, announced the launch of Monero (XMR) trading, which effectively enables users to trade Monero with bitcoin, U.S. dollars and euros. In a statement, the Kraken development team expressed its optimism toward Monero based on its strong performance in 2016 in terms of the growth of user base, exponential increase in market cap and rising trading volumes. The company said: “Monero is one of the leading cryptocurrencies that has seen huge 40x market cap growth in 2016 and trades with high volume and liquidity. Monero is built on....

Monero Market Added To Poloniex Cryptocurrency Exchange

Monero (XMR) is an cryptocurrency based on the CryptoNote protocol that touts anonymity as one of its winning features. Recently, United States cryptocurrency exchange Poloniex added a new Monero market to its list of features. The addition makes Monero not only the first altcoin to establish its own market pairing since Litecoin on Poloniex, but also the first Monero direct market in existence. CCN. Poloniex, founded in January of 2014, currently offers over 140 Bitcoin and Monero trading pairs. Many know it's name from the Bitcoin theft they experienced this past March. The event was a....

Litecoin Overtakes Bitcoin in Trading Volume

Litecoin, the original altcoin, was created in 2011 and is very similar to bitcoin in all but a few aspects. Intended to be "The silver to bitcoin's gold", Litecoin has surpassed bitcoin in daily trading volume (USD). Coins ranked by Market Cap. A few takeaways from the chart: Litecoin's 24h trade volume is nearly $8m more than bitcoin. Litecoin has surpassed Ripple, nearly overnight, to reclaim it's spot as the second largest coin. Litecoin is experiencing rapid growth, more than doubling in the past few days. Litecoin and bitcoin have both experienced rising prices amid the Greek debt....

Dash Passes Litecoin and Monero to Claim Number 4 Cryptocurrency Status

In a major price surge, Dash has nearly doubled market cap over the last month, overtaking Litecoin and Monero to become the fourth most valued cryptocurrency. This week one year ago, Dash was the #7 ranked cryptocurrency with a market cap of about $23 mln. This number grew steadily over the course of the year, finishing out the year with a market cap of $69 mln and maintained #7 ranking. Over the course of 2017 so far, however, Dash’s growth has significantly picked up steam, exceeding $100 mln over January. This month Dash has risen to a nearly $200 mln market cap, currently with a value....