Bitcoin (BTC), a cryptocurrency ranked on the number 1 position in the crypto market is currently on a very luring place where it is considered as the front runner of the market. The position that Bitcoin has in terms of the most important parameters such as price, Market Cap, circulating supply and Return on Investment is quite attracting for rest of the coins to ace the space of the market similarly.
Therefore, amongst all the top notch coins lately, Litecoin has been positioning itself in the minds of the investors following the footsteps of the market leader.
According to the above tweet it says, Litecoin is gaining more than 200% this year. These strapping gains are astonishing leading to more hands on the investment of Litecoin. Hence, it becomes important to reflect the past trends of Litecoin in order to believe that the footsteps to being a market leader will continue or pause sooner or later.
Now, the question lies that can there be two market leaders at one time or can two coins be fighting for the same position? While thinking about such a question, it reminds us of the price (USD) gap that exists, but again nothing can be predicted against the volatility of the crypto market.