It’s a currency trading on speculation like Bitcoin. The market cap is nothing to go crazy about.
We could argue litecoin shared some fanfare somewhere mid life cycle but not at $1B MC, speculative or not.
Litecoin reached a $1 billion marketcap in November 2013. As of March 2016, its market capitalization is $148,297,463
I remember Vitalik response to my post in 2014 that I don’t want to buy in the presale. The coin was sold in a presale for around $0.3 in 2014, I don’t think it will take long before it crashes.
Ether is doing this all on its merit.
In Nov’13 when LTC hit its all time high (I wasn’t actually aware they made it to $1B cuz it was quite short lived) it was doing this on the back of the mad rush around BTC itself which was at over $1K.
Also consider that litecoin was selling at $40 at that point as opposed to $12 which Ether is selling at right now to hit this milestone.
What makes Ethereum awesome isnt the Ethers its the fact that people are able to build Dapps on the blockchain which will continue to increase the value of Ethers and the market cap.This isnt just another currency its wayyyyyyyyyyyyyyy bigger than litecoin.