Litecoin SegWit D-Day Sees 38 Percent Daily Price Growth
Litecoin has become the star of altcoins once again, beating off yesterday’s falls to reach new all-time highs of over $35 as SegWit activates.
While the majority of altcoins reversed some of Tuesday’s wide declines, Litecoin finished its renaissance bigger than ever, up 38 percent and outperforming all of the top 10.
By contrast, Ethereum gained just 4.5 percent in the 24 hours to press time, Ripple around 12 percent and Dash seven percent.
Litecoin’s huge support, as it activates SegWit on Wednesday, is the culmination of several weeks of investor excitement.
With just five hours to go before the change occurs, the price performance comes as little surprise; SegWit is widely seen as a boon for a coin’s value.
Litecoin creator Charlie Lee urged calm, however, tweeting that although SegWit unlocking meant “so much goodness,” there was still the lion’s share of the work remaining.
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