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Charlie Lee Is Fighting to Get Litecoin (LTC) to $400

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Charlie Lee, the founder of Litecoin (LTC), is getting down and dirty by responding to critics on Twitter who are saddened by the sudden drop of value of LTC from its glory days of above $340. This value of LTC was seen back in January when traders realized that LTC was the fastest means of ‘shooting’ funds across exchanges during the peak trading season of between December 2017 and February 2018. During this period BTC and ETH were faced by high transaction fees as well as congestion on their networks, making LTC the best option for transferring funds between exchanges.

LTC is currently trading at $84 which is a 75% decline from the peak value back in January. It is no wonder LTC HODLers keep blaming Charlie Lee for the decline in the price of LTC ever since he sold all his LTC holdings to concentrate more on the Litecoin Foundation and its operations.

In a tweet, Charlie Lee responded to the criticism as follows.

“I’m trying my best to get LTC to $400 so people like you will stop shitting on me all the time. Who abandoned LTC?!”

The full conversation can be seen below.

https://twitter.com/SatoshiLite/status/1019969508746801152

Looking at the recent progress of the Litecoin Foundation partnering with TokenPay and consequently acquiring a stake at Germany’s WEB Bank, the partnership between TokenPay and Litecoin will enable the former project to benefit in the following ways:

  • TPAY Cryptocurrency
  • eFin Decentralized Exchange (DEX)
  • TokenSuisse Asset Management
  • WEG Bank FinTech Platform
  • Multisignature Transaction Engine

TokenPay’s decentralized exchange, eFin, will support both XVG and LTC base trading pairs further accelerating the visibility of the two digital assets as well as their adoption in trading. There is also talk of upcoming merchant services and debit cards powered by both Litecoin and the WEB Bank.

In conclusion, the Litecoin foundation and Charlie Lee are pushing more partnerships and use-case scenarios for the digital asset to further increase its utility and visibility in the crypto-verse. As a result, the much awaited $400 value of LTC will become a reality in the near future. There is also the added factor of a possible Bitcoin (BTC) Bull run that is ongoing. If this upward trend of BTC is confirmed, it will bring with it additional volume that will raise the value of our favorite digital assets such as LTC.

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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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Altcoins

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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