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




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

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 Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



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

Xeno Holdings Limited ( ), 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 ( ), 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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Wisebitcoin Launches Professional-Grade Crypto Exchange



Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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