Brian Kelly is known as CNBC Fast Money Trader, the founder and CEO of BKCM LLC, an investment firm focused on digital currencies,and the author of "The Bitcoin Big Bang – How Alternative Currencies Are About to Change the World".
In the recent episode of CNBC's Fast Money program, Brian Kelly claimed that he had bought Litecoin and had made this decision based on a lot of advantages that Litecoin provides.
— CNBC's Fast Money (@CNBCFastMoney) 18 December 2017
The main advantages of Litecoin according to Brian Kelly:
- It has a technical lead over Bitcoin
- You get very fast confirmation times, its faster than Bitcoin and you can move it around the world very quickly
- It is now accepted at Steam, the online-gaming community that used to accept only Bitcoin
Creator of Litecoin Charlie Lee has been out there, and Litecoin has a lot of additions and upgrades to the network, and Litecoin has been able to add a lot of stuff that Bitcoin has not yet.
CNBC Fast Money Trader
Charlie Lee, the creator of Litecoin, has claimed in his official twitter account that Litecoin is currently rising in price due to such a vast promotion on the worldwide-known channel CNBC and by such a well-known person.
— Charlie Lee [LTC] (@SatoshiLite) 18 December 2017
The price of Litecoin started growing following such promotion, having shown the increase of 16% within past 24 hours and respectively 44% within past 7 days and currently continues to grow. Litecoin rose from $302 to $375 within only one day.
At the moment of press, these are main market parameters of Litecoin:
- Average price: $361,77
- Marketcap: $19 671 093 273
- 24h volume: $2 374 450 000