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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

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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