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Is Litecoin (LTC) Changing Its Game Plan By Going For Mass Adoption?

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Litecoin

Litecoin seemed to be severely defeated a couple of weeks ago when this currency fell from its originally held spot as the fifth-best currency where it has been for quite some time, to the 6th spot on the global coin ranking list. This case just reminded the crypto community that tables are turning quickly in the world of new digital value, where EOS pulled a short end of the stick by replacing LTC as the fifth-best currency due to its increased market capitalization.

However, Litecoin is working on a great come back, as we can witness an increased activity in the marketing strategy of Charlie Lee and his team, as they are seemingly going for mass adoption of their coin. That is how Litecoin has shown some astonishing results in the past couple of days, while getting listed, acquiring partnerships and starting out with an interesting community project.

Litecoin and the New Community Project

The story about the mass adoption probably started off as a more obvious strategy adopted by LTC and its team when Litecoin tweeted about businesses accepting Litecoin. The tweet came on in a provoking connotation as the statement started with a call to action: “Does your business accept Litecoin?”

At the end of the statement, the LTC team invites all interested parties to message them in case they would like to get included in the new project set by Litecoin. Given the fact that the tweet is openly calling for the mass adoption of LTC, we can easily conclude that the new community project is revolving around having small and medium businesses offering LTC as a payment method in exchange for their products and services.

The details on this project are still not officially shared by the Litecoin team, but it isn’t hard to guess that the team on the head with Charlie Lee is on the “hunt” for business holders who would be willing to participate in the mass adoption of LTC.

Whichever the case, the community project that was mentioned only 24 hours ago, on April 26th, already sounds promising for LTC that is struggling to get back on the track after it has been pushed down to the 6th spot on the global coin ranking list.

Litecoin to be Produced by Wirex

Another one of Litecoin’s noted steps towards getting LTC massively adopted is having this currency produced by Wirex.

Wirex is actually connected to all major Visa debit cards; however, in addition to dealing with Visa, Wirex also promotes the idea of using cryptos as a payment method. That is how Wirex had listed Bitcoin a while ago. As of the current events, Litecoin is going to be produced by Wirex as well, being the second crypto accepted by this wallet app, that way taking another step towards its strategy of having LTC globally accepted.

Wirex officials have given the statement that they have decided to add Litecoin to their wallet app because Litecoin has demonstrated its power over more traditionally used Bitcoin, which is way slower, less secure and more expensive than Litecoin even though it stands for the original and first coin ever to be created.

Litecoin and TenX Partnership

The partnership between Litecoin and TenX as announced two weeks ago, in a way came up as redemption for having failed at launching LitePay as it was originally supposed to happen in March of 2018.

After Litecoin failed to launch LitePay which was supposed to sky-rocket LTC and provide a crypto debit card for this currency, the announcement of TenX and LTC partnering up quickly lightened up the entire situation.

This is the case because TenX is planning on enabling debit card for Litecoin in the spirit of offering a switch solution for LitePay that just couldn’t happen when it was supposed to.

TenX wallet is available for iOS and Android, which adds a level of acceptance to Litecoin. TenX has also announced that they are definitely going to issue a Litecoin-powered debit card with great expectations out of this partnership.

The TenX team is hoping that their wallet platform is going to be a platform of choice for many LTC users and holders.

Litecoin Gets Accepted at WikiLeaks Shop

The official WikiLeaks Shop has announced that all LTC users and all WikiLeaks Merchandise customers will now be able to pay for their merch with Litecoin.

As Litecoin has now become officially accepted by another shop, it is more than obvious that Litecoin has a plan of getting massively accepted, and on a global level, which is just the thing this currency might need in order to acquire a chance of getting back to the top 5 trading coins in accordance with the global coin ranking list and as judged by the market capitalization.

How is Litecoin doing at the Current Moment?

Despite the shaky state of the market where the majority of currencies are going down for a couple of days now, Litecoin started to trade up today on April 26th. The currency started of its rebound against the state of the market with a humble percentage of growth that totaled 0.82% against the dollar.

After the latest change in the market, LTC unit can be bought at the price of 147.63$ at the time of this writing, on April 26th.

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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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