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Litecoin (LTC) Gets Listed On Korbit In Korea

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Litecoin

Litecoin might have lost a battle, but there is a war in the crypto market yet to be won as LTC dev team is working on further exposure and development of the technology behind once 5th-best currency. Now, even though Litecoin has taken the sixth spot on the global coin ranking list weeks ago, the team is working on new improvements, one of which includes getting another listing, which seems to be affecting the value of LTC pretty positively as LTC is trading higher. This listing came at the right moment for Litecoin, especially because it carries a great importance in the crypto community. That is how we are interested in finding out more about the mentioned listing as well as following up with what LTC has been doing these days.

Litecoin: Listed on a New Exchange

Getting a new listing is always met with an ecstatic atmosphere and visible euphoria. This is no wonder because acquiring new listings always increases the visibility of the listed coin, especially in the eyes of investors, which is needless to say very important for the further expansion of a digital currency.

In addition to the increased visibility, a new listing also comes with pumped up attainability and accessibility, which consequently increases the market demand as well as the market price. This is the case because, with every new listing, the listed coin gets more visibility on the market, that way trading up and gaining more on its popularity.

On April 20th, Charlie Lee, the founder of Litecoin, announced that Litecoin just got listed on another exchange, stating that as of April 21st, Litecoin was available for live trading on Korbit, which is one of the oldest exchange markets in Korea.

Charlie Lee added further at the end of this post, which soon became viral, that he remembers asking Korbit Exchange years ago to have Litecoin listed on this platform.

Apparently, back then, Charlie Lee and Litecoin got a NO, however, it seems that Korbit recognized LTC as a valuable currency with the ability to meet the market demands set on Korbit. That is how Litecoin finally got listed on the oldest exchange in South Korea. This case will in many ways contribute to the expansion of Litecoin, firstly by increasing its visibility in the South Korean crypto market, which is the largest crypto market in the world at the same time.

In the spirit of promotion of this event, the team also donated 100 LTC, as stated by Charlie Lee.

After having Litecoin officially listed on Korbit when it started with live trading, expanding its market while consequently trading in the green with an increased trading volume, Charlie Lee made another tweet.

This time he tweeted about GeminiDotCom (Gemini exchange) being the only big exchange platform that still doesn’t accept Litecoin. At the end of the post, Charlie Lee addressed Gemini dev team, saying: “What are you waiting for?”

Getting listed on Korbit exchange might consequently lead to having LTC listed on Gemini as well, even though Gemini didn’t make any announcements on this matter.

Korbit, on the other hand, is already doing wonders for LTC as this currency is trading up. This is not a strange case at all, given the fact that Korbit is the first exchange ever to have listed Bitcoin. Besides listing Bitcoin, other major currencies that are trading on Korbit are Ethereum and Ripple, with Litecoin joining them a day ago.

How is Litecoin doing at the Current Moment?

Litecoin has seen some rough days during and even after the market started to plummet with turning into a chaotic market crash that lasted for more than eight weeks. After bouncing off, Litecoin even dropped down one rank below on the global coin ranking list when its place was taken by EOS that had an amazing rebound that consequently increased its market cap that way going up for one spot and taking LTC’s place as the 5th-best currency in the market.

However, as of the recent events, LTC started to trade on one of the oldest exchanges in Korea, Korbit, which consequently made Litecoin trading up in the green. In addition to this benevolent situation, it is expected that Charlie Lee will make his move towards having LTC listed on Gemini exchange, which is at the same time the only big market exchange that hasn’t listed Litecoin yet.

After the latest change in the market and increased visibility of Litecoin on the Korean market, Litecoin started to trade up in the green while gaining 3.49% in rises against the dollar at the moment of this writing, while breaking the value of 150$ in only a couple of hours from its latest raise.

Beside from having LTC trading in the green against the dollar, it is also going up against BTC for 2.05%.

At the current moment, Litecoin can be purchased at the price of 150.55$ per one unit. With this increase, LTC got a bit closer to its record price of 366$ per one unit, as marked back at the end of 2017.

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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 mariusz kluzniak 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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