Litecoin has surpassed Ethereum Classic for the #4 position based on overall market capitalization — the most used standards in measuring the viability of cryptocurrencies today.Litecoin is described as ‘the lite version of Bitcoin’ and has been seeing explosive growth over the last few days.Why is that?Simply put, money is valuable to people, cryptocurrency is a measure of value, and there are only so many tokens created — leading to an increase in the value of that coin when more people buy it, increasing the market cap for that coin.Litecoin’s price has been sitting around $22–29 the last month or so until just recently, June 9th, when Coinbase’s Charlie Lee announced he was resigning from Coinbase to help further develop the Litecoin and its community.This has been a problem for the coin because after scanning various forums, it seems as though a high level of developer participation is not present.It makes sense that somebody coming from a seemingly failing Coinbase would join a cryptocurrency with so much potential like Litecoin.

Which, in turn, makes sense why the coin price is going up.News hits the media, takes a couple days to hit the community and outside consumers and BAM — that’s how coins like Litecoin go from it’s current $47ish price to 2x, 3x, 4x’ing to $100, $150, or $200+.Nobody will ever know how to properly predict these prices, but these types of indicators help us make more informed decisions on where we allocate our own resources.Sounds like a match made in heaven to me.As I continued my research, I found an article that explains a $12,000 donation the Litecoin Foundation received alongside Lee’s move to resign from Coinbase to work on Litecoin full-time.From Coin Telegraph:Yes, something as simple as this can cause prices to surge in this young cryptocurrency market.The astounding characteristic about this industry is that community participation is the primary driver.Value is literally created by using the currency which, in turn, fuels an entire community and it’s own engagement.

Truly how business should work — a vote with your resources.Right now, in America especially, business abuses the consumer as much as the consumer is willing to let them.To the same tune, consumers are not able to keep up with the vast complexities of cryptocurrency and blockchain technology, as a whole.Coming together as a community, being engaged, and moving your money where your trust is becomes extremely important.Money put into a coin is a testament to that coin’s technology…or the ridiculous speculator participants.Please do your research before participating in the cryptocurrency space and only allocate money you are willing to lose completely.There is a lot of risk involved and you must ensure you are operating in a country where it is allowed.Below are a few resources to help cryptocurrency beginners:Bringing more liquidity to the cryptocurrency market is never a bad idea.Huobi, one of the largest Chinese exchanges, will do exactly that.The company announced Ethereum trading will go live on the platform as of today.

This is quite big news for the Ethereum ecosystem.The bigger question is whether the other major Chinese exchanges will follow their lead or not.An Interesting Decision By Huobi It has always been rather odd not to see on major Chinese exchanges.These platforms tend to focus on Bitcoin first and foremost.bitcoin anleitungHowever, this situation is coming to change as of today.ethereum warningHuobi is enabling ETH trading on their platform.bitcoin fund jerseyThis makes them the first of the big three exchanges to do exactly that.japan vps bitcoinIt is doubtful BTCC and OKCoin will follow this example, though.bitcoin arrest australia

BREAKING: Huobi to list ETH trading today!https://t.co/UWlu7tWwHx — cnLedger (@cnLedger) May 27, 2017 To be more specific, BTCC confirmed they will enable Ethereum Classic trading soon.There is still some “bad blood” between Ethereum and Ethereum Classic.ethereum to usd coinbaseThe latter is the original blockchain without the contentious DAO bailout fork.bitcoin angela merkelThe former is the ecosystem with the most media attention and a growing number of use cases.ethereum streamIt will be interesting to see how both ecosystems will evolve over time.bitcoin equal dollarThe addition of ETH trading to Huobi can be quite eventful.Chinese exchanges generate a lot of volume on a daily basis.

Whether or not this means demand for ETH will increase, is anybody’s guess.It is safe to assume more liquidity is a good thing.Having a direct trading market against the Yuan can only mean positive things will happen for Ethereum.A massive price increase should not necessarily be expected, though.In the end, it is good to see Huobi make a .Chinese exchanges have lost some of their appeal ever since withdrawals were halted.As a result, both Japanese and Korean trading platforms have leapfrogged China in trading volume.The addition of Ethereum to Huobi and ETC to BTCC could have some interesting results, though.The bigger question is whether or not Huobi will enable ETH withdrawal, or just provide an option to buy Ethereum.Ethereum Now Available In Bits Of GoldDear customers, Over the last few years the crypto currency industry, which offers alternatives to the Bitcoin, has expanded, as well as its trading volume.For years the leading alternative to the Bitcoin was the Litecoin, leading the trading charts and interest.

Ethereum has recently begun to gain momentum in interest, use and trading volumes.While Litecon's design does not appear to have a significant advantage over the Bitcoin, in the Ethereum it isn't the case.The Ethereum project is led by one of the most prominent developers in the Bitcoin community, Vitalik Buterin, as early as 2013.During the last few weeks and months the exceptional nature of the Ethereum project is leading to increased trading volumes and a greater utilization of its unique and smart contracts, which Ethereum is known for.Following a period of examining the possibilities of supplying Ethereum, and testing the Israeli market's interest, we have decided the time is ripe to allow our customers to purchase Ethereum in shekels: we are hereby happy to announce that Bits of Gold is adding another coin to its Bitcoin services - Ethereum!Please note that the Ethereum purchasing process is in its beta stage, which we began several weeks ago.We have already built up a trade volume of tens of thousands of shekels (update April 9th, 2017: since then, several hundred thousand shekels in Ethereum have passed through our company), and provided services for several delighted clients.

We are now officially offering this opportunity to the public.At this point the purchasing process is part of the Bitcoin buying process.It can be bought within the framework of a standard order, in which you can note the Ethereum wallet you wish to receive.Over time, based on demand, we will offer a more accessible and convenient way for users to purchase Ethereum.Similarly, we will offer a more accessible and convenient way for users to sell Ethereum, which is currently only available manually (in other words, via telephone or e-mail).The technical details of purchasing Ethereum: - The commission fee for buying and selling: 4.95% (*please note you may be charged additional costs, depending on how you wish to pay!)- Unlimited sums: If the sum exceeds 50,000 NIS, you are asked to come to our offices in person (for regulation purposes).- The Ethereum exchange rate: Same day of when the money is received, based on the Bitfinex rate.- Payment options: bank transfer, cash and credit card - Regulations – similar to Bitcoin regulations We are happy to share this new development with you and hope to continue offering additional products for our loyal and new customers.