Ethereum [ETH] rides the bull with a 16.84% hike; while Litecoin [LTC] climbes up the ladder with 13.27% hike

The crypto market is back with the New Year’s spirit as the market is seeing growth again. The third largest coin Ethereum [ETH] has observed growth of 16.84% over 24 hours. While Litecoin [LTC], which was on the eight position has climbed one step up and settled at the seventh spot. The coin reported a growth of 13.27% over the past day.

Source: CoinMarketCap

According to CoinMarketCap, the coin was valued at $137.55 with a market cap of $14 billion. The coin reported a 24-hour trading volume of $3 billion with a minuscule slip of 0.01% over the past hour, at the time of press. The coin has observed steady growth over the week by 24.92%.

As per trading volume, OEX reported a trading volume of $170 million with ETH/BTC pair. The second highest exchange to register a trading volume of $145 million was OKEx with ETH/USDT pair. OKEx was followed by Huobi, which recorded a $135 million trading volume with ETH/USDT pair.

Source: CoinMarketCap

Source: CoinMarketCap

As per the one-day chart of Litecoin [LTC], the coin was valued at $32.46 with a market cap of $1.9 billion. The 24-hour trading volume of the coin was $479 million with a growth of 5.16% over the week. The coin is seen to slip by 0.30% over the hour, at the time of press.

The maximum trading volume of the coin was registered by OKEx. It reported a trading volume of $53 million with LTC/BTC pair. The second to trade the highest volume was Bit-Z with $47 million with LTC/BTC pair. Bit-Z was followed by OKEx with a trading volume of $37 million with LTC/USDT pair.

Ethereum will soon be able to process 1 million transactions per second. The token would be achieving the task with Raiden Network [RDN], a protocol that envisions scaling token transfers on top of the Ethereum network, reported Bitcoinexchangeguide. Raiden Network noted in a blog:

“We are excited to announce that the Raiden Network Red Eyes release is live on the Ethereum mainnet! The Red Eyes release is an alpha testing release. It is absolutely crucial to read this post including the security notes carefully before using the software.”


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Namrata Shukla

Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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