Litecoin Gemini listing nothing short than gold for LTC, here's why - Global Coin Report
Connect with us

Altcoins

Litecoin Gemini listing nothing short than gold for LTC, here’s why

Published

on

Litecoin LTC
READ LATER - DOWNLOAD THIS POST AS PDF

Litecoin has been around the news lately, and this is due to the latest announcement of it being listed on Gemini, a New York-based startup headed by the Winklevoss twins.

The Exchange made this major announcement through a tweet that it will be listing Litecoin (LTC) on its platform in a months’ time. It’s worth noting that the decision was made during the recent Litecoin Summit held in San Francisco, from Gemini Trust Twitter account.

Litecoin’s listing on Gemini Exchange is a great news as the digital asset itself has been subject to criticisms. Its founder, Charlie Lee, recently has addressed the distorted information of FUD (Fear, Uncertainty, and Doubt) surrounding Litecoin.

The Influence of Litecoin Getting listed on Gemini Exchange

Litecoin has been in a dwindling position, and it is striving hard to get a good place in the crypto market which has lots of cryptocurrencies with great utilities. However, Litecoin’s listing on Gemini is a considerable feat for the coin.

Gemini Exchange is one of the best crypto-exchanges in the cryptocurrency market today. The exchange itself has the backing of SEC, and it’s a favorite among crypto enthusiasts.

More importantly, other cryptocurrencies that are already on the platform have boosted the trust of their users or investors in a well-known manner. As a result of that, Litecoin (LTC) investors will also get a boost on faith despite the digital asset still struggles to go beyond the $60 price mark.

Cryptocurrencies such as Bitcoin, Ethereum and ZCash, have been featured by Gemini before Litecoin. With this, Litecoin will join Gemini’s marketplace to boost its stance in the crypto market. Also, this listing will increase Litecoin’s liquidity for its users.

Litecoin’s listing on Gemini Exchange will boom its position, but there is a possibility that it may not move its price to its all-time highs. Last week, Litecoin managed to break above the last major down-trendline, which is a very good sign for LTC but it is heading into the consolidation box.

On the four-hour chart, the consolidation box upper line is also supported with different EMA’s which all starts to work at the support levels. It is necessary to know that at the wake of the Gemini’s announcement of listing LTC, the price of LTC started going well, thus, finding support around $58.5.

More Than 9 Payment Processors Now Support LTC

Charlie Lee has announced that more than nine payment processors now support Litecoin. Some of them are Aliant Payment, BTCPay, Coinbase, CoinGate, CoinPayments, Globee, GoCoin LTCPay, and TravelbyBit. And now, the crypto securing a place on a well-known exchange like Gemini at the time when it’s caught in a lot of FUD might help ease things around it.

The Litecoin CEO have further replied to the FUD surrounding Litecoin that the number of daily transactions has increased. Charlie said in a Tweet:

Litecoin processes $200MM worth of transactions each day. And the network has worked flawlessly for seven years! Litecoin works today as a global decentralized sound money that can’t be censored can’t be reversed or taken away, can’t be counterfeited, and can’t be devalued.”

At the press time, LTC is priced at $55.39 with a market capitalization of $3,237,304,950 after losing its value by 4.35% in the last 24 hours.

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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Guillaume de Germain on Unsplash

Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation
READ LATER - DOWNLOAD THIS POST AS PDF

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

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.

Mission Statement

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,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Press Release