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Litecoin (LTC) value could rise to 4 digits sooner than everyone expects

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Litecoin (LTC) is one of the tokens that has been in the market for a decent time now, but even as it is one of the oldest coins in the crypto environment, its prices continue to be under the expectations of many, a fact that raise a lot of concern and doubts regarding whether the coin is undervalued or not. In fact, there are strong reasons to believe that the currency will surpass the three digits prices very soon. Let’s see the main reasoning behind this assumption.

The science behind the coin

Litecoin (LTC) was launched on Github back on October 7th of 2011, a currency that was designed to be practically identical in its technical aspects to the leader of the sector Bitcoin (BTC). In fact, it was created as an open-source fork of the first ever launched cryptocurrency of the market, and ever since then, it has performed as the silver to the pseudo-gold that represents Bitcoin (BTC).

Even when the similarities are that many, Litecoin has come a long way from where it began in 2011, having one of the strongest features of the sector in terms of costs and speed as of now. However, its performance is still way below one of the leaders of the market as the altcoin trades at a price that is thousands of times lower than the price of bitcoin, and as we believe this is actually not an accurate thing considering what the crypto has to offer to both enthusiasts and investors.

Truth be told, the conditions of the market right now are not the best to consider, and this is something that has affected every single one of the coins that exist in the market, including, of course, Bitcoin. But if we take into account the normal conditions of the sector, Litecoin (LTC) has one of the strongest and more stable performances of them all.

In these regular conditions, Bitcoin used to be one of the greatest investments, representing a great store of value to a bunch of investors and enthusiasts. But the truth is the leader of the sector still has a lot to improve in terms of speed and transactions fees, a field in which Litecoin has managed to offer operations that barely take 2.5 seconds and with incredibly low cost.

Like this, it is worth to mention that one of the main usabilities for cryptocurrencies is serving as a payment method, and this is something in which Bitcoin clearly has the lead as well being adopted on several mega websites. Nonetheless, Litecoin may see a higher adoption considering the fact that what it has to offer is better, transactions are actually cheaper, and they even take less time.

Once the market starts to rise again, a massive adoption of Litecoin could skyrocket the price of the coin, even being possible that LTC gets to the forecasted number of 1000 US dollars, but in order for this to happen one of the things the coin needs to get rid of is the relation with Bitcoin (BTC), a fact that seems to be more detrimental than helpful.

Litecoin is actually the only competitor that Bitcoin has, because even when Ethereum (ETH) is closer in numbers, the crypto is very distant on its target and this positions LTC as the most likely contender, so instead of considering the silver to the Bitcoin gold, Litecoin should be labeled in the same measure of importance than BTC.

The current price of Litecoin (LTC) is $83.07 per coin, the token has increased in value by more than 10% in the last 24 hours, and the weekly uptrend of it is expected to keep getting stronger now. So things may change sooner than anyone expects. Stay tuned!

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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

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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6 Blockchain Predictions For 2019

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As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.

While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.

1. Search for new and better business use cases

Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.

Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.

2. Fixing blockchain industry’s image

For a lot of people, blockchain…

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TRON DEX Goes Crazy, TRX Founder Asks For More Projects

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Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.

So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.

TRON DEX sees massive growth in activity

Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.

While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.

In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…

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