Charlie Lee’s Litecoin Prediction Comes True as LTC Rises Above BCH and BSV Tokens to 7th Spot
Litecoin Rises Above BCH and BSV Tokens to Seventh Position, Fulfilling Creator’s Prediction
The cryptocurrency market is a fluctuating place, though the top 10 cryptocurrencies by market cap often maintain the same order, even as their prices change. However, that isn’t always the case. In a surprising move, Litecoin has overtaken both Bitcoin SV and Bitcoin Cash, as of about five hours ago on December 15th. Previously, based on data from CoinMarketCap, the order of these coins was as follows:
- 7. Bitcoin Cash
- 8. Bitcoin SV
- 9. Litecoin
As the prices and market cap changed, Litecoin first assumed position #8 in the rankings, pushing Bitcoin SV down to #9. Soon after, Litecoin moved up to #7, while Bitcoin Cash was moved down to #8. Clearly, Litecoin creator Charlie Lee was excited, posting to Twitter, “Who needs TV when you’ve got cryptotainment?”
The flappening of these coins is reminiscent of a tweet that Lee posted on February 25th, around the same time that Ethereum boomed. Back then, many believed that Ethereum was strong enough to beat out Bitcoin for the top position, but Lee denied this potential outcome, which wasn’t surprising as he was skeptical of Ethereum in the first place. Instead, he believed that Litecoin had the potential to rise above Bitcoin Cash.
The community joined together and launched a data aggregator, which was titled “Flappening.watch.” For much of the year, Bitcoin Cash remained above Litecoin, but it finally crossed above them on Friday. At that point, BCH went below their support point, while LTC continued to recover from their low price.
According to data from Flappening.watch, LTC exceeded BCH’s market cap by $5 billion, and boasted almost four times more active addresses, and almost four times higher daily transactions. Still, the current positions of the coins could easily be temporary. Both Bitcoin Cash and Litecoin are constantly undergoing changes that can make them rise higher than one another.
As of 10:05am PST, Litecoin is holding on to that #7 spot, and is trading at $23.57 with a market cap of $1,404,310,529. It has risen by 2.54% in the last 24 hours. Bitcoin Cash is still at #8 with a market cap of $1,344,637,608, trading at $76.78 after a 6.4% loss. Bitcoin SV is also maintaining their spot at #9, thought it has lost 11.3% in the last 24 hours. As a result, it is trading at $66.23, and has a present market cap of $1,159,794,488.