My theory on the Litecoin surge

in cryptocurrency •  7 years ago 

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Litecoin hits all time highs today. Here's my theory (not to take anything away from Litecoin, it's a good coin.) GDAX/Coinbase buy and sell BTC/ETH/LTC. Right now fees are ridiculous for Bitcoin. I don't doubt they'll eventually get it sorted, but most people like me are tired of fees and waiting on the transfer over to an exchange when we want altcoins.. so why wouldn't everybody be buying Litecoin instead, then zipping it over and paying a tiny fee by comparison?

https://cointelegraph.com/news/litecoin-spikes-highest-ever-trading-volume-on-gdax

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No friend, most people are trading Litecoin in China and Korea. Not buying with USD on Coinbase or GDAX:

https://coinmarketcap.com/currencies/volume/24-hour/#USD

I should probably emphasize it's my theory on the "GDAX litecoin surge." I know Litecoin's potential overall. Even the link states GDAX (litecoin-spikes-highest-ever-trading-volume-on-gdax)

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