Just after Bitcoin settled down a bit, Litecoin has surged in price passing $300 at 13:50 UTC, nearly a 50% rise during today’s trading.
$10B marketcap. What a year! BTC is up 2000%, but LTC is up 4000%! pic.twitter.com/QF5bMyDC40— Charlie Lee [LTC] (@SatoshiLite) December 11, 2017
If the trend continues, Litecoin may soon become the leading cryptocurrency, replacing Bitcoin. This surge has provoked a number of explanations and theories including the creation of Bitcoin Cash (BCH). However, the popularity of Bitcoin forks is fading. They are the biggest failure of the cryptocurrency so far. While other coins are thriving and performing well, BTC is tumbling. This decline could allow Litecoin to replace Bitcoin, as it has proven to be the strongest alternative to date.