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Here’s Why Now Is A Great Time To Pick Up Some Litecoin (LTC)

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Litecoin
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With a relatively stable Bitcoin (BTC) comes the possibility of the rest of our favorite coins and tokens to exhibit some profitable gains. Bitcoin (BTC) is currently trading at $6.749 and looks like testing the $7,000 resistance level very soon. This means that the total crypto market capitalization might also go above $300 Billion from the current levels of $276 Billion.

It is with such optimism of a healthy crypto market, that it might be time to reconsider getting some Litecoin (LTC) while the price is relatively low. The digital asset that is sometimes called Bitcoin’s little brother, is currently trading at $88 and up 2.81% in the last 24 hours. LTC has not been at these levels since late November last year. The coin might have bottomed out on June 29th this year, when it was valued at around $74.

The last crypto rally in late December last year and early January this year, found Litecoin doing tremendously well above $300 with a peak value of $364 on December 19th, 2017.

But will it really reach those levels again?

One promising indicator that Litecoin and the entire crypto markets might be headed for another rally, is the recent announcement by Coinbase to offer secure crypto storage to high net individuals and hedge funds who want to start investing in cryptocurrencies. This new service has been dubbed Coinbase Custody and so far supports the 5 coins that are supported by the exchange: Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH) and Litecoin (LTC).

This means that LTC will be a choice for the high net individuals and institutional investors willing to use Coinbase’s services. As a result, LTC will be bought and held in bulk leading to a reduction of the general circulating supply as well as an increase in value as demand continues to grow.

Coinbase CEO showed his excitement with regards to the new service when he tweeted the following:

It is clear that there is a lot of bullish sentiment not only within the organization of Coinbase but as well as on Wallstreet through the numerous hedge funds and the high net individuals who simply want to buy and HODL for speculation purposes. LTC will be one of the 5 digital assets available for them thus giving the coin the much-needed exposure.

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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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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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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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