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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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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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