Connect with us

Blogs

Reasons Why 2018 is the Year of Litecoin (LTC)

Published

on

Litecoin
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore
READ LATER - DOWNLOAD THIS POST AS PDF

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release