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
|Creation||January 3rd, 2009||October 7th, 2011|
|Max. Coin supply||21 Million||84 Million|
|Block Time||10 minutes||2.5 minutes|
|Block reward halving||210,000 blocks.||840,000 blocks|
|Current block reward||12.5 BTC||25 LTC|
|Price (All-time high)
|$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.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…