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Litecoin News: LTC Pushes Up, Breaches The Old Limit

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In the last 24 hours, amid some good Litecoin news, LTC is recording rather impressive gains. For several days, the seventh largest digital currency by market cap balanced just below $50, been unable to hit this important milestone (once again).

However, this changed recently, when LTC price surged by almost 3%, which allowed the coin to hit the $50 mark finally, and even exceed it. At the time of writing, the coin’s price is just above $54, with a 0.1% increase in the last 24 hours.

While a lot of LTC supporters greeted this Litecoin news, the coin has yet to stabilize. Due to the fact that the market still has not left the bearish trend behind, LTC might still drop to its old price.

However, many see this as big progress, believing that Litecoin will remain above $50. This is supported by the fact that LTC has already experienced slight drops since it passed this milestone, but its price has not gone below it. While it is still too early to say that $50 is the new bottom, many hope that his will turn out to be true.

Any predictions made right now are unreliable, as Litecoin is trying to stabilize after finally making this progress. Ever since it initially surged, its price was jumping up and down, usually by a few cents.

However, the trading volume has, in fact, go up by quite a bit. Following the Litecoin news, LTC volume increased to $372 million. Earlier price predictions for LTC claimed that the coin would hit as much as $600 by the end of the year. Considering how things are now, this almost certainly not going to happen, and it would take quite a bull run for LTC to even come close to this milestone.

Numerous analysts agree that something like this can still happen in 2019. Right now, Litecoin is clearly growing and attempting to establish itself at its new price. The effort is evident to analysts and investors alike, and the coin’s community has been thrilled to see such progress.

Why is Litecoin attracting attention?

Despite the fact that Litecoin is decentralized — it still managed to attract the attention of institutions, and even crypto funds. Investments started coming in, and this is likely the reason for the current growth. It is also open-source, it offers better speed than Bitcoin, and it is a cheaper option for those looking to make transactions.

In addition, the mining process is simpler, volatility is lower than that of BTC, while developers are quite skilled. On top of that, its total supply is relatively low, at 84 million tokens, all hardware wallets support the coin, and finally, LTC is one of the favorite coins of the people of China. Clearly, LTC has a lot of good things happening, and it has a lot to offer.

While it is unlikely that 2018 will end with LTC hitting $600, it is undeniable that the coin is making serious progress.

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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

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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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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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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