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Bitcoin vs Litecoin: G20 reassurances means much for Litecoin

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Just like you might know already, Bitcoin is the king of the cryptocurrency. That is a fact that has stood for long until a few weeks ago whereby the king (bitcoin) outnumbered Litecoin in every section except the transaction fees that are cheaper and the speed.

Litecoin being cheaper with higher speed makes it have an advantage over bitcoin which even the all-time critic of the cryptocurrency has to acknowledge. However, it has not been easy for Litecoin, as since 2011 it has always been under the shadow of Bitcoin. Even the crypto watchers wouldn’t tell for sure whether Litecoin had any chance of getting out of the Bitcoin shadows.

Charlie Lee, the Litecoin founder, had to take a very controversial move just to get it back on track. But until then, you would say Bitcoin was very far ahead-like say 50-0. In fact, with the current situation, it is worth mentioning that Bitcoin has to watch out simply because Litecoin is breathing behind there back. Nothing really much separates the two as they almost work similarly in all aspects.

The summary below for crucial areas can give you an insight of the few differences between them.

Summary of Litecoin vs. Bitcoin

Bitcoin Litecoin
Creation January 3rd, 2009 October 7th, 2011
Max. Coin supply 21 Million 84 Million
Consensus Algorithm SHA-256 Script
Block Time 10 minutes 2.5 minutes
Block reward halving 210,000 blocks. 840,000 blocks
Current block reward 12.5 BTC 25 LTC
Block explorer blockchain.info block-explorer.com
Price (All-time high)

Price (Today)

$19,535 (coinmarketcap.com) $366 (coinmarketcap.com)
Market capitalization (Today) $163 billion $10.4 billion

Market/Price Capitalization against investment

Even with the current market bitcoin is still at the top. It accounts for the majority of the transactions and simply is the measure for the other cryptocurrencies.

It dominates by 44% of the entire market capitalization. It is hard to forget the fact that its price just dropped from a high of $19,535 to the current low of about $8920 (even this much is because it started picking some momentum from the last couple of days).

On the other hand, Litecoin is 5th on the coinmarketcap. However, it personally made a mile as its market cap rose from about $205 million to around $20 billion by the end of last year.

G20 assurances, Litecoin a better investment for holding

Now if you might be asking the better investment option, I can say bitcoin just as per now but with the faster and cheap transactions that Litecoin is making not long enough that the king will be snatched off the crown.

The possibility of some major company like Amazon using Litecoin over Bitcoin is much there, and when Global build its portfolio app on Litecoin network, it just scored high. For the mega payments it is likely to remain the best, and for an investor, it will be an excellent choice to go for Litecoin as it doesn’t bounce so much.

The last few days (or rather months) saw a drop in bitcoin price as there were signals from Twitter considering a move similar to Facebook and Google of a ban against cryptocurrency ads.

However, it bounced again up on Monday as the G20 gave assurances of no new cryptocurrency regulations.

According to Reuters, the fears on the cryptocurrency are expected to disappear as result of the G20 assurances. What we can only assume is gain for both coins by mid-year, and for the long-term, there is a prediction of $15,000 for bitcoin and $400 for Litecoin.

Meanwhile, if that should be the case, then a bet in Litecoin will be worth as for sure it has much worth going for.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

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 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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crypto projects
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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