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Litecoin (LTC) Advances – Its Value Might Surpass Old Records in 2018

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Litecoin

Litecoin (LTC) is still largely unstable when it comes to its price, and is struggling to handle the constant market crashes and recoveries. Still, experts believe that this might change in the near future, due to many new partnerships that the coin has entered so far.

Litecoin (LTC) has seen a lot of progress

Ever since the value of cryptos skyrocketed at the end of the previous year, nearly every coin has suffered due to many market drops. The situation was bad at the start of 2018, but it is getting better, ever so slightly, as the year progresses.

Litecoin (LTC) is not very different from others in this regard, but it has a lot of potentials to explode in the near future, according to experts. This is mostly because the coin has been getting more and more accepted and adopted into different platforms. One of the latest news regarding its progress states that it is compatible with Blocknet now.

Blocknet itself has a lot of potentials, and it works as a way to transfer data without it going through the central server. LTC’s compatibility with Blocknet will also allow for the coins to be used as a cross-blockchain method of payment. Users will now have the ability to use LTC to buy any other currency, and vice-versa. This will surely increase LTC’s exposure, as well as its popularity.

However, this is not the only achievement that LTC has had in the recent past. It was also added on Winklevoss twins’ exchange platform Gemini, and there are plans to add it to the mobile crypto wallet called Abra. Komodo (KMD) has also stated that the exchange platform BarterDEX is pairing it up with LTC, which is yet another place where this crypto is getting exposed and used.

P2P LTC trading has also become a possibility on OpenBazar, an open-source crypto exchange platform. Not only that, but this particular crypto is also being favored by one of the biggest stock exchanges in Germany, Börse Stuttgart, who is launching its own crypto-trading app, Bison.

Considering how well LTC has been doing regarding the various deals and partnerships, many are wondering why this has not reflected on its price. It has even experienced a drop in 20% during the previous week. However, the price isn’t only falling, and the last 24 hours have seen a slight increase as well.

Charlie Lee has stated that the price of LTC, despite the fact that it is dropping, still has a lot more value to it than it had a year ago. Back then, LTC was only $30, and now it goes from $130 and $180, depending on the market. Bitcoin (BTC) is experiencing the same issues, and yet, it too is much higher than it was a year ago. Still, LTC has a large increase coming up in the near future, and there are several reasons why this might happen.

Reasons why Litecoin’s value may increase soon

The first reason why LTC might do well very soon is Bitcoin itself. After all, LTC, like many other currencies, often mirrors BTC’s behavior. However, whenever there is an increase in activity regarding the BTC transactions, its fees go up, while the network slows down. This is when the investors usually discover that LTC offers a much better deal in both aspects, and they decide to start working with it instead.

Also, LTC is now present on Coinbase, which has a constant increase in users. More users on Coinbase means more users discovering Litecoin and its potential, which will be followed by an increase of its use, as well as of its value.

LTC’s low fees and great speed are already good enough reasons to start using it. Add to that its sound platform and excellent blockchain solutions, as well as the fact that it is already a well-established project, and it becomes a very attractive alternative to BTC. The more people realize this, the more partners the coin gets. Also, the more partners it gets, the more media coverage follows. With an increase in exposure, the more people start to use it, and the whole process spins the same circle once again.

Litecoin is a great crypto, and many see it as second only to BTC itself. Its potential definitely promises that this may, in fact, be true. Compared to many other cryptos, LTC is actually pretty steady and stable, and it is believed by both Charlie Lee, as well as LTC supporters that it is only a matter of time before this crypto shines.

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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.

Image courtesy of Marco Verch via Flickr

Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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