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:
Deposits are now rolling in for https://t.co/QrWwN6uRAu we're live! Crypto is quickly becoming an institutional asset class. If you run a fund, sign up for more info on storing crypto. https://t.co/wkEMaPYbke
— Brian Armstrong (@brian_armstrong) July 3, 2018
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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Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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