Both Litecoin and Vertcoin had a sort of halving today... in different ways.

After the launch of the CBOE futures exchange, all eyes were on Bitcoin's ascending value. However, Litecoin stole the show today. Within the past 24 hours, Litecoin rose more than 50% in value, from approximately $150 USD to $225 USD. This is likely caused by interest from recent crypto-converts buying into coins other than Bitcoin through entry-apps like Coinbase.

Vertcoin experienced a halving milestone today, as well. As of today, Vertcoin mining block rewards are reduced from 50 to 25. This does not necessarily implicate a price increase of 50%. In the past, other crypto-coins have gradually climbed in value weeks after halving. In some cases, such as Litecoin's most recent halving, prices actually dropped for a short time before recovering and continuing on to new highs.

It seems that now would be an excellent time to put some funds into Ethereum (the only other coin available on Coinbase) and Vertcoin, although Vertcoin may temporarily dip before continuing upwards. Selling Litecoin into Vertcoin may be an excellent option as Litecoin seems to be peaking at the time of this writing. The altcoin market, in general, is very buoyant at the moment and will likely see further growth as Bitcoin dominance eases.

Let's not forget - the CBOE was just the first of many Bitcoin futures exchanges. On December 18, the CME opens, with others, such as the NASDAQ, following later. This will bring further attention and interest to the cryptocurrency market.

*This is not professional trading advice - just my opinion!

If you found this interesting or helpful, please consider donating to...

VTC: VxcDzSaSHFKePsdgrobhW95cbFQ3U5aS77

image source:

https://steemitimages.com