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LiteCoin (LTC) and LitePay

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LiteCoin

LiteCoin came up with the recent positive change in its price after a disappointing week for the cryptocurrency market. After having so many currencies going down in price over the last week, it is a true refreshment to see many of those currencies bouncing back up again.

LiteCoin is one of such currencies thanks to the latest rise in its price. It is said, however, that the most recent positive change is actually the result of the announced launching of LitePay. Let’s see what LiteCoin has been up to these days and how LitePay might affect the value of this currency.

The Announcement of LitePay and LiteCoin

After a series of rises that were later on followed by a row of falls, LiteCoin is trading in green once again. This case might easily and most probably be the result of the announcement that LitePay is being launched. The day of the launching occurred yesterday on February 26th, and all users are eager to see how this handy “little” improvement is going to launch LiteCoin to the top.

In case you are familiar with BitPay, you can surely guess that LitePay is actually launched as an alternative to this Bitcoin’s handy feature. Everyone following up with cryptocurrencies have noticed over time that Bitcoin and LiteCoin are competing in a way since LiteCoin is basically much like Bitcoin, but with some major improvements that might make LTC a bit more desirable these days.

The thing that makes LiteCoin stand out when compared to the way Bitcoin works, is the fact that LTC is actually faster and cheaper, which makes it a cost-effective alternative to BTC.

Now, when LitePay is in the picture as well, LiteCoin has possibly signed up for brighter days on the crypto market – at least for now.

With LitePay, LiteCoin users will be entitled to promptly converting LTC to USD and vice versa while also being able to make real-time purchases on the global level.

What is going on with LiteCoin?

February 21st was pretty easy on LiteCoin since this currency managed to climb up to dealing at its peak. The price of LTC at the time was the amazing 252$ per one unit. But, in the following days, LTC saw a downfall reaching a price of 234$ then further dropping to a price of 228$ per one unit.

Over the last week, LTC fell down for over 20% against the dollar but has again seen a brighter day when this currency had another rise. This time, the rise occurred on February 26th, which is also the day of the LitePay launching. At the time of the launching in the period of 24 hours, LiteCoin had another rise that made the currency deal at a bit over 222$.

The day after, on February 27th, LiteCoin had another drop. This time the price fell for -3.67% against the dollar. Consequently, LTC is now dealing at 220.35$ per one unit.

So, although LTC managed to bounce up again, its price dropped once more. It may be the case that a lot of holders decided to sell their LTC units so they could get some profit from the latest rises, so the price fell as a result.

Whatever the case, the founder of LiteCoin Charlie Lee claims that LTC will surely catch up with BTC in the time to come. Charlie Lee sold all his LiteCoin units “due to the conflict of interest” and in order to show the true meaning of decentralization and decentralized platforms where there is no place for personal interest of third parties.

We will be updating our subscribers as soon as we know more. For the latest updates on LTC, sign up below!

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.

Image courtesy of coinmarketcap.com

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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