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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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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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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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