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Litecoin (LTC) Eyes Trade Volume Growth with Two New Campaigns

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Litecoin (LTC) decided to expand its influence by introducing two new campaigns. The campaigns have become big on Twitter, and they are called #LitecoinAcceptedHere and #PayWithLitecoin.

Litecoin introduces new campaign

Litecoin (LTC) has asked its users and supporters to help out in the new campaign dedicated to expanding this crypto’s influence.

There are actually two Twitter campaigns which the team has encouraged its users to share – #LitecoinAcceptedHere, and #PayWithLitecoin. The campaign officially started with a tweet that says “Does your business accept Litecoin?”.

This is the latest attempt by this crypto to recover after a significant loss that its value has suffered recently. The effects of the loss have been witnessed throughout the entire market, starting from Litecoin’s drop in rank, and its replacement by EOS.

This development would have hit any other currency pretty hard, but Litecoin decided to stand up and fight, hence the two campaigns. Their ultimate goal is to try and inspire anyone who might be interested in adopting the crypto into their business practice.

Neither the tweet nor the rest of the project carries any particular information regarding the campaign. The point right now is not to make miracles with a huge campaign. Instead, al that this crypto wants is to spread awareness through promotions by its followers. What they expect is to capture the interest of small or medium-sized businesses which might consider adopting this crypto as a payment option.

Through interest and adoption, LTC’s price can get back on its feet and see another increase in price, as well as its exchange volume.

LTC’s recent adoption by WikiLeaks happened on April 25. Julian Assange, the founder of the site, has always been a supporter of cryptos, blockchains, as well as data privacy and decentralization. This acceptance of LTC as a payment method in WikiLeaks shop proves it.

Can Twitter bring Litecoin back on its feet?

Two campaigns have seen a lot of success on Twitter, mainly thanks to the currency’s supporters. LTC users have been posting tweets almost non-stop ever since the campaign first started.

They have been educating everyone willing to listen, and have explained many of the Litecoin’s advantages, as well as those of cryptocurrencies in general. For example, one Twitter user and Litecoin enthusiast by the name of Jon Moore has posted a tweet in which he does just that. Moore claims that businesses that are accepting credit cards as a method of payment can lose the money within six months from the moment the sale happens.

However, through the use of cryptocurrencies, and especially Litecoin, consumer fraud is completely eliminated. Tweets like this can be found on the entire platform, and are always followed by one of the two LTC campaigns – #PayWithLitecoin or #LitecoinAcceptedHere.

Only time can tell whether or not can this plan actually work. However, whatever happens, the enthusiasm of the LTC supporters is something very encouraging for this, as well as other cryptos.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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