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.
For the latest cryptocurrency news, join our Telegram!
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 roujo via Flickr
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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…
What Would You Buy for $2.4 Million?
Warren Buffett and TRON’s Justin Sun Finally Meet for Charity Lunch
Should You Invest in TRON in 2020?
Don't Miss2 weeks ago
Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page
Don't Miss2 weeks ago
Best Study Resources to Pass CompTIA SY0-501 Exam and How Should You Use Exam Dumps to Prepare?
Bitcoin2 weeks ago
5 Best Places to Bet with Bitcoin
Don't Miss2 weeks ago
What Prevents Crypto from Becoming the Top Payment Method
Don't Miss2 weeks ago
Learn 2 Trade Launches Real-Time Crypto Signals Service
Featured news1 week ago
5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies
Don't Miss1 week ago
CoinField Launches Sologenic Initial Exchange Offering
Bitcoin1 week ago
Trusted Crypto Tumbler To Protect Your Wealth