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What will it take for Litecoin (LTC) to reach $1000 after crypto-bloodbath now?

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Currently, we see the third-worst bear market in the crypto history (did you know?), and Litecoin (LTC) is presently at $63.81, this is an optimistic question to be sure. But let’s think about it anyway, and come up with a reasonable answer.

If Litecoin reached the thousand dollar mark, that would need a market capitalization of 58 billion at the current supply or 84 billion if the maximum number of tokens is in circulation. How out of reach is that?

Litecoin‘s highest market capitalization reached 20 billion dollars at the time its price was at its historical highest point so, even when everything was peachy, it was still only a third of what would be needed to reach the thousand dollar milestone.

Several things would be necessary for this to happen. First, we’ll need a group of essential investors (or a group of very many investors) who believe wholeheartedly in Litecoin’s prospects as a long-term project concerning usefulness and reliability. 

That would bring tons of money into the Litecoin pool while, at the same time, it would slow sales down. If sales diminish sufficiently, the token supply could become limited enough so that it appreciates just because of scarcity. 

But for that, Litecoin holders must feel sure that they should hold on to their coins no matter what happens. Second, Litecoin’s adoption must be more extensive, faster, so that the token is more useful and it attracts (even unknowingly) new users that wouldn’t dream about going into the crypto game otherwise.

Litecoin has already launched a campaign to encourage people to use Litecoins to pay for goods and services. Adoption and use drive demand up, and demand is what raises the price. Litecoin’s leadership is keenly aware of this fact which is one of the reasons why they bought a bank in Germany (well, not the whole bank, just 9.99% but that’s enough for our purposes). 

This came about after somebody suggested to Litecoin’s creator to get a bank to issue a Litecoin debit card. It’s a fantastic idea regarding thrusting adoption forward. If you have Litecoins and you can use them through a debit card in the street, then the last advantage that fiat currencies have over digital ones is finished.

You would not be able only to use your tokens online, but also on the street, in just the same way you use banknotes and metallic coins. If Litecoin can pull the debit card trick off, that will go a very long way in reaching the thousand dollar mark. 

They’re not alone in this as both Stellar Lumens and Ripple already have new partners that intend to issue crypto-based debit cards. But Stellar and Ripple still don’t own a bank or significant shares in one.

And then, here’s what you can do. Just spread the word. Don’t lie, be honest. Being involved in the cryptosphere is interesting, it’s challenging, it’s a lot of fun, and it could make you very rich not too long from now.

But it’s also hazardous and unpredictable, and because of the lack of regulation, it’s something of a wilderness. Talk to your friends and family about this subject, bring it up as part of your regular conversation. If you’re knowledgeable and honest, you’ll generate interest and, who knows, maybe you’d be doing them a favor.

Litecoin is a stable coin, it’s useful in the real world, it has excellent leadership, and it’s securing all the right partnerships. There is no reason for it not to go all the way up to a thousand dollars sooner or later.

Just think about this: Bitcoin reached a low of 67.809 at some point (which means it was cheaper than Litecoin was only a couple of days ago), and it’s now worth seven times a thousand dollars, without ever having all the advantages Litecoin currently has. Litecoin will get there. It’s more or less unavoidable.

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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.

Image courtesy of Maxpixel.net

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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