There seems to be a trend in cryptocurrency investment.Traders of Bitcoin often leap from one digital currency to another, spreading their investments across popular currencies such as Ethereum’s Ether (ETH), anonymous currency Monero (XMR) and Litecoin (LTC).With the exception of some timeframes, Bitcoin price is usually stable and significantly less volatile in comparison to other digital currencies.At a market cap close to $20 bln, the volatility rate of Bitcoin has substantially decreased over the past few years.However, Bitcoin price fluctuates upon the emergence of major market and industry-affecting events.For instance, when the discussion of hard fork contingency intensified and the market began to panic, Bitcoin price plunged, stabilizing in the late $900s.Traders usually attempt to pinpoint certain timeframes that Bitcoin price could either go up or down.Most recently, the acceptance of Bitcoin by major Japanese electronics retailer company Bic Camera and the legalization of the digital currency in Japan led to a surge in Bitcoin price, moving it from around $980 to $1180.

Investors who miss these short and mid-term rallies of Bitcoin tend to bet on the performance of alternative cryptocurrencies such as Ether, Monero and Litecoin that have demonstrated a significantly higher level of stability in comparison to the rest of the digital currencies on the market over longer periods of time.litecoin calcMore importantly, crypto assets like Ether have drastically increased in price because of the rising interests of corporate investors and financial institutions.virus in bitcoin blockchainSpecifically, the formation of the Enterprise Ethereum Alliance increased the market cap of Ethereum by around 4x, as it jumped from $1 bln to over $4 bln within a span of two months.bitcoins to pounds graph

The back and forth movement of Bitcoin investors and their diverse portfolio of cryptocurrencies explain the ratio of trading pairs in major assets like Ethereum.More than 50 percent of trading in the Ethereum exchange market is processed with the ETH/BTC pair.dogecoin chartTherefore, there exist more domestic traders within the cryptocurrency community purchasing alternative crypto assets such as ETH than conventional investors trading altcoins.litecoin mining rigBitcoin dominance index is currently at one of its lowest points.bitcoin etf chancesBut, the 69.2 percent dominance index of Bitcoin does not represent a declining interest in the digital currency.bitcoin iron bowlRather, users are simply gaining more interest in altcoins that supplement or make up for the missing links of Bitcoin.bitcoin buyer in dubai

Specifically, Ethereum represents a Blockchain platform designed for developers and decentralized applications.Many developers have expressed their concerns over Bitcoin’s limited development framework.bitcoin promotional graphicsWhat Bitcoin lacks in flexibility is supplemented by its high-security measures and robust infrastructure.Monero, Dash and Zcash provide anonymity to cryptocurrency users, which Bitcoin does not.Litecoin is a unique currency in the sense that it represents nearly identical philosophies, structure and monetary policy of Bitcoin.Traders or investors who feel like they missed out on Bitcoin or the recent rally of Bitcoin price still have accessible altcoins like Monero, Litecoin, Zcash, Dash and Ether to profit from.HomeNewsCrypto Chinese Investors Start to Drive up the Litecoin Price Crypto, NewsWith the price of litecoin rising, cryptocurrency investors have been forced to take another look at the project – one of the longest-running but frequently overlooked public blockchains.

Once widely heralded as the 'silver to bitcoin's gold', litecoin has in recent years struggled to find its value proposition in a sea of more novel blockchain projects.That may have changed, however, now that it could be utilized as a proving ground for a new technical solution.As profiled on CoinDesk, litecoin miners have recently begun to show their support for Segregated Witness (or SegWit), a blockchain scaling solution originally designed for the bitcoin blockchain.But whereas political divisions have largely stymied efforts to approve the upgrade for bitcoin, litecoin recently passed its 75% threshold for activation.Should this hold for two weeks, the new code will go live.According to analysts, the market's recent response to this development has helped give the project new relevance to investors.All in all, the cryptocurrency has more than doubled its market cap in response, rising from $215m on 30th March to $550m yesterday.Of interest now to traders and investors, however, is whether this capital will stay in the litecoin ecosystem, and whether the project can develop a long-term value proposition.

While SegWit may be a minor code upgrade, analysts argued litecoin's technical improvements speak directly to the quality of the project's development team.Further, obtaining the consensus needed to implement the update would show the community's ability to work together, one analyst emphasized.Charles Hayter, co-founder and CEO of CryptoCompare, told CoinDesk: "The activation of SegWit in litecoin is a strong positive for the cryptocurrency.It shows the ability to make headway where bitcoin has seen its progress stalled by vested interests."However, other experts polled for this article suggested that litecoin could at most only succeed in demonstrating the utility of the code upgrade for the bitcoin blockchain.OTC trader Harry Yeh said that if SegWit is enacted on litecoin, "bitcoin will be sure to follow", potentially removing any competitive edge.Still, SegWit could potentially prove a driver for litecoin's price, analysts told CoinDesk, if only in the near to medium term.Should the upgrade take place, Hayter told CoinDesk, he "would expect the value of litecoin to appreciate".

Others suggested that rising value could become more permanent.Petar Zivkovski, COO of leveraged trading platform Whaleclub, argued that, since litecoin and bitcoin have similar codebases, litecoin could gain some of the bitcoin's market share should scalability remain an issue for the latter."SegWit activation is very likely to create a mid-term bullish trend which will increase litecoin's market cap," said Zivkovski.However, he concluded that any lasting benefits for litecoin are also good for bitcoin, given that bitcoin is the cryptocurrency that can most readily be exchanged for fiat currencies."There is likely to be some amount of wealth transfer from bitcoin to litecoin simply because right now the most convenient and straightforward way to buy litecoin is to use bitcoin."Tiny workers image via Shutterstock This article should not be taken as, and is not intended to provide, investment advice.Please conduct your own thorough research before investing in any cryptocurrency.