In addition to technical difference between cryptocurrencies, there’s also a difference in financial properties of the token itself, e.g. liquidity. Liquidity r

In addition to technical difference between cryptocurrencies, there’s also a difference in financial properties of the token itself, e.g. liquidity. Liquidity refers to how much the price moves when buying from or selling into the market. For example, you can sell roughly 5 million USD worth of litecoin on the Bitfinex exchange until you push down the price by 0.5%, but for Bitcoin this figure is roughly 500 million USD (~100 times greater). The greater the liquidity of a currency the less value is lost when exchanging back and forth between it and e.g. USD. [1] https://www.bitfinex.com/order-book/?pair=BTCUSD https://www.bitfinex.com/order-book/?pair=BTCUSD [2] https://www.bitfinex.com/order-book/?pair=LTCUSD https://www.bitfinex.com/order-book/?pair=LTCUSD