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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

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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