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Reasons Why 2018 is the Year of Litecoin (LTC)

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With cryptocurrencies being well on their way to becoming adopted and accepted, a lot of experts and analysts continue to compare them in hopes of finding the future champion among digital coins. The crypto market today remains as diverse as it can be. Some cryptos are full embodiment of the original concept, while others are hardly cryptocurrencies at all.

With so many coins to choose from, it is understandable why experts continue to struggle to find the right one. However, the more they explore and learn about different coins, the more they keep coming back to a few favorites. One of the biggest ones among them is Litecoin (LTC) itself, which is why we have decided to take a closer look at it as well. So, without further ado, here are the reasons why Litecoin is among the best coins around, and why it has more than decent chances to go big by the end of the year.

1) Litecoin is decentralized

Decentralization is one of the biggest reasons why cryptos were invented in the first place. As such, every coin out there claims full decentralization, even though that is not completely true in some cases. However, when it comes to LTC, its decentralization is a well-established fact. The coin’s founder, Charlie Lee, has absolutely no control over Litecoin’s price or potential.

While he openly regretted his decision to sell his stake in the coin, he still claims that this decision was done for the greater good.

2) Litecoin offers a debit card

Through Litecoin’s partnership with Wirex, the coin managed to get its hands on its own debit card. The users can use the card for online sales and purchases, and in time, this might also be true for offline payments. Wirex confirmed this itself, and it even declared that LTC is better than Bitcoin (BTC) itself. Their website states that Litecoin is faster, cheaper, and may even become a new favorite global payment option in several months time.

3) Coinbase increased awareness by adding it

We all know that Coinbase has always been rather picky when it comes to adding support for cryptos on their list. Despite the fact that the exchange has been trying hard to change this recently, we should still remember that there was a time when Litecoin was one of only three coins offered by this exchange.

This has caused many to develop an interest in this coin, and it even allowed its price to go up at the time. If the coin is good enough for Coinbase to trust in it, it is good enough for everyone else.

4) LTC has a great network

The network behind a cryptocurrency is just as important as crypto’s price. While many tend to forget this, the largest investors are sure to keep it in mind. Litecoin has an excellent network that can handle more TPS than the majority of other cryptos. The rise in a number of transactions continues to grow as the network continues its development, while the transaction fees continue to drop.

5) Lower price volatility

While it is true that Litecoin’s value has experienced a significant drop at the beginning of the year, there is not a single crypto that can say that it did not suffer massive losses when the bear market arrived. However, since then, LTC experienced much smaller price fluctuations than many other coins in the top 10.

The fact is that its price is currently only $57.59, but we should remember that the market has remained bearish for eight months now. Obviously, Litecoin has suffered losses as well, but it held its ground more than decently when compared to some other cryptos.

Obviously, Litecoin is not perfect. However, it is definitely working on improving itself at all times. It is a reputable coin, with a great network, cheap transactions, and excellent speeds. It entered numerous partnerships so far, and it confirmed that it can be trusted.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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