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3 Ways Litecoin (LTC) Will Grow In 2018

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Observers and experts have noticed growing unrest, uncertainty and frustration in the cryptomarket. Even though several coins have been witnessing a price drop/stagnation over the last three months, the industry is attempting to find its place as a technology that had promised innovation but had fallen short on delivering that.

This article highlights the three ways in which Litecoin can grow in 2018 amidst the growing dissatisfaction with blockchain and crypto-derived currencies. The landscape for cryptocurrency beyond this year is obvious—the focus has to switch from price speculation to usability and real-world application. It is important that functionality supersedes profit potential.

Recognition for Litecoin utility

Litecoin has struggled to differentiate itself from Bitcoin for years, partly because of a compliant marketing slant by founder Charlie Lee. But within the past two months, the narrative has started altering. More people are coming to acknowledge Litecoin as a cryptocurrency with real use. The fundamentals of this currency—transaction speeds, fees, and ability to scale through Segwit and lightning network—have all proved to be superior to Bitcoin at this point. The attributes that make Litecoin a better option that Bitcoin can be subjective. But on grounds of what each currency is attempting to do in terms of technology (be it a digital, decentralized form of money for the transaction) Litecoin has outclassed all other coins. Scaling issues may come to cripple the Litecoin’s network someday the same way it has with Bitcoin, but the currency has become synonymous with sending and receiving crypto. Most people, when sending Bitcoin from one exchange to another, convert to Litecoin first in order to capitalize on the cost savings and transaction speeds that the latter offers.

Both coins, despite being mirror images in potential use, play a significant role in the expanding cryptocurrency landscape. The shortcomings of Bitcoin are distorting the growth of the cryptocurrency. Until the issues associated with scaling are solved, Litecoin offers a better alternative to the culture and development team of the cryptocurrency is committed to the superior quality utility of Litecoin as a transacting token. Litecoin has continued to be on the forefront of innovations in crypto technology and will continue to lead the way as a transacting currency. Litecoin has had Segwit longer and is very likely to be the first to implement Lightning Network or some other innovative solution.

Adoption of LitePay

Even though there has been a backlash towards LitePay from certain quarters, LitePay is a step in the right direction. While the debit card has been delayed for some time, it still serves as a two-way payment LTC processor that allows both sides of the transaction equation to participate in cryptocurrency. This equips Litecoin with ample marketing and growth potential. Merchants using LitePay instantly become sources of advertisement for LitePay. With the advent of a debit card, Litecoin spenders have an opportunity to elucidate to their friends and colleagues, the potential use for the cryptocurrency. Thus LitePay acts as an immediate and effective avenue for increasing revenue for Litecoin by tapping into a completely new consumer base. It also gives real crypto enthusiasts to use their currency.

Erosion of Bitcoin brand name

For those enthused by the technology and the possibility of cryptocurrency, whether for political, social or innovative reasons, Litecoin becomes a natural anchor. Litecoin is a fork of the original Bitcoin code, with alterations to expand the utility of the currency. The most remarkable features of Litecoin have been the drastically reduced fees and speedier confirmation times. Even the allure surrounding the mysterious Bitcoin founder Satoshi Nakamoto is not that dissimilar than the present state of Litecoin. That is because Charlie Lee has completely detached himself from a financial stake in his project by selling his entire holding of Litecoin. This gives Litecoin a strong developer, advocate, and leader without the uncertainty of motivation determining its performance. Charlie Lee is growing Litecoin, regardless of its price. Even though investors might find the financial incentive to be a bit lacking to grow Litecoin, but in terms of terms of strategic collaborations with major players like Amazon, the removal of a central authoritarian figure with the potential to become a billionaire is proving to be a positive thing for the Litecoin brand.

While most of the major cryptocurrencies have been at their lowest points since October 2017, Litecoin has managed to gain a step over Ethereum and is just below Ripple in terms of Google trend results. The usability of Litecoin over Bitcoin is evident. Litecoin offers more clarity regarding decentralization and is more representative of cryptocurrency to enthusiasts than XRP, which is deemed by many as a tool for the financial sector. All of these factors have contributed to the growing popularity of Litecoin and could lead to an increase in the further rush for it. The possibility of Litecoin to nab the top spot of popularity away from Bitcoin has bolstered.

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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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

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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Altcoins

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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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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