Crypto expert BigShortRare has stated that a Litecoin price increase between $1,200 and $2,000 is not a fantasy, but a market cap math. This came as he explained exactly how the altcoin will achieve this price target based on its market capitalization and circulating supply.
Why a Litecoin Price Hike to $2,000 Could Happen
In one X messageBigShortRare noted that LTC has a circulating supply of approximately 76.78 million coins. As such, a Litecoin price of $1,200 will give the altcoin a market cap of approximately $90 billion, while at $2,000 per LTC the market cap market cap of altcoin amounts to approximately US$150 million. The expert noted that these numbers sound big until they are put into context.
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BigShortRare alluded to the fact that Bitcoin has already surpassed $2 trillion in market cap in the past, while Ethereum has been traded above a market cap of $500 billion. Moreover, he argued that capital has repeatedly concentrated in a few large, liquid and proven assets in the previous cycle.
Therefore, a Litecoin price increase to a market cap of $90 billion to $150 billion would still be a fraction of Bitcoin’s market cap and well within historical altcoin concentration ranges during the late cycle rotation. BigShortRare also said that what underpins this valuation range is not illusion, but structure.
He explained that Litecoin is fully integrated into exchanges, wallets, payment processors and trading rails. The expert added that the altcoin has a fixed supply, no VC overhang, no emission surprises and is not dependent on speculative incentives. It is also said that LTC functions as a settlement and payment network, and not as a promise.
“LTC is the OG”
BigShortRare also noted that LTC is a OG crypto projectwhich is another reason why he is confident that the Litecoin price can rise as high as $2,000. He argued that when markets move from experimentation to reliability, capital does not spread evenly, but rather is compressed into assets that are already operating at scale.
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The expert noted that a price tag of $1,200 to $2,000 for LTC does not require it to be replaced Bitcoin or ether. Instead, it only requires the market to price Litecoin as a major monetary track and not as a side character. “That’s not a prediction of timing. It’s a valuation argument. Price determines when. Structure determines if,” he concluded.
It is worth noting that BigShortRare’s thesis supported the crypto analyst Surf’s prediction that the Litecoin price was about to rise to $2,000. His accompanying chart showed that the rally to this price target could happen by 2028.
At the time of writing, the Litecoin price is trading around $64, down more than 5% in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com