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Litecoin (LTC) Must Gun For ‘Big Brother’ Bitcoin (BTC)

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Analyzing the crypto-markets, we find that Litecoin (LTC) is highly oversold and is currently at a discounted price. The coin that is the brain-child of Charlie Lee, is currently trading at $52 at the moment of writing this. This is only 16.5% of its peak value of $363 back in December. In terms of depreciation, LTC has done a downward spiral since then, that is equivalent to 84%. This is a frightening figure.

Why Litecoin (LTC) Mooned then dumped in January

Back in December, at the epicenter of the bull run that was being experienced back then, crypto-traders were suffering from high transactions fees on both the Bitcoin (BTC) and Ethereum (ETH) networks. Both networks were also clogged as crypto-traders were ‘shooting’ their funds across exchanges to get the next big pump in the markets. Then the same savvy traders realized that LTC was faster in transferring funds across exchanges, its network was less congested and transactions were way cheaper than the other two top coins. LTC was King back then and not Bitcoin (BTC).

It is with such an event that it might be time for the Litecoin (LTC) foundation to capitalize on the awesomeness of the coin to market it as an alternative to Bitcoin. The current marketing that it is there that puts LTC as a support for BTC is wrong. The crypto markets are a jungle and to survive, coins must be advertised accordingly.

Going back to the events of December and early this year, Charlie Lee then announced he had sold all his holdings of LTC to concentrate more on the project. This reason was very noble, but many loyal fans saw it as abandonment and a quick payday for Charlie. These sentiments still resonate today in the crypto-verse with Charlie receiving tonnes of FUD to this day. But you cannot blame the guy if he genuinely cashed out. The crypto-market is a jungle and only the savvy survive with their profits.

LTC must gun to dethrone BTC or fall off the charts

Litecoin has proven that it is a more efficient alternative to Bitcoin (BTC) and way more friendly than Ethereum. Therefore, Charlie Lee needs to put on his battle helmet and gun for the top or risk being obsolete. There are other coins and projects that are aiming for the efficiency LTC provides and it is only a matter of time before they succeed.

Three examples are XRP, Cardano (ADA) and XLM. XRP has proven to be the fastest means of transferring funds in exchanges according to a recent Twitter poll by Weiss ratings. With this fact, XRP has edged out LTC in this use case scenario.

Cardano, on the other hand, has numerous developments under its belt and more to come. Stellar has been rising gradually in the markets and will soon be a top 5 coin. It has edged out Litecoin and is at number 6, with only EOS standing in its way and according to coinmarketcap.com.

In conclusion, LTC is slowly and evidently losing relevance in the crypto-verse due to its long-held philosophy of complimenting Bitcoin. It is time for the Litecoin foundation to remove the ‘boxing gloves’ and get into a ‘bare-knuckle’ brawl to get back to the top.

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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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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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