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LiteCoin (LTC): The New Dark Web’s Coin of Choice

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Litecoin
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LiteCoin seems to be entering the waters of the Deep Dark Web as this coin has become the top choice of criminals working with digital currencies in this unexplored dark part of the Internet. So far this place was reserved for Bitcoin, but as Bitcoin is slowly backing up, being slower and more expensive to work with, LiteCoin is taking its place by chance.

What does this mean for LiteCoin and what kind of future lies in the following months for this digital coin?

A Reminder about LiteCoin

When talking about LiteCoin the best coin to compare it to is probably Bitcoin. It is also impossible not to know, even if you are not as informed when it comes to cryptocurrencies, that Bitcoin was originally designed to be used for purchases that cannot be traced back to the person making that transaction or receiving money. That is how the original usage of Bitcoin tokens, otherwise known as BTC, was used for purchasing illegal products and services within the Dark Web. That is basically how Bitcoin become the largest coin currently available on the market – Bitcoin is THE original coin, it was the first prototype of cryptocurrencies, and it made a breakthrough in blockchain technology enabling new coins to appear and get launched. But, since LiteCoin is exactly by the mold that Bitcoin is made by, this coin seems to be expelling BTC out of the game.

How Come LiteCoin is winning over Bitcoin Users

Since transactions within LiteCoin are faster and cheaper, every coin holder who was early on using Bitcoin to make purchases on the Dark Web is now using LiteCoin. Now, the percentage of people who are actively involved with criminal transactions within the Dark Web is 30%, while Bitcoin usage dropped to only 13% on the Dark Web.

This is the case because you can get faster and cheaper transactions with LTC tokens than with Bitcoin, which is why people are selling off their Bitcoins or exchanging them for LTC tokens.

This is not only the case on the Dark Web because many investors and coin holders are also massively exchanging their Bitcoins for LTC. Not only does LTC makes up for faster and cost-effective transactions, but it also works faster while operating within its blockchains, providing members with the better user experience.

That is also how Bitcoin is losing on its value, and LTC tokens are growing rapidly, hitting the all-time high for this coin, which occurred somewhere in December 2018 when this currency was dealing at 360$ per one coin. During that time, Bitcoin wasn’t doing that bad either. However, the massive decreases in the trading price seem to be pushing BTC out of the game. Although this coin is still holding the first spot on the global coin ranking list, given the fact that BTC is at the same time THE original coin also making it the oldest digital token, it is only a matter of time when the majority of holders will pass onto other coins. LiteCoin in that story makes for a perfect alternative since it works exactly like BTC coins only faster and with far lower fees.

How will LiteCoin be doing in the following months?

LiteCoin currently holds the 6th spot on the global coin ranking list, dealing at 156$ per one coin with the latest decrease of a bit over -1% against the dollar, which is not that bad in oppose to the decreases this token suffered from only a couple of weeks ago.

Unfortunately for many users who were happy about the major increase back in the December 2017, LiteCoin was a part of the massive selloff that all top 20 cryptocurrencies have gone through. Still, the fact that this coin is being used on Dark Web as a commonly used coin with over 30% of purchases being done with LTC, it may occur that LiteCoin could be looking forward to a new increase after a series of horrible decreases.

The massive selloff took almost 40% of the total market capitalization of all existing coins, so the beginning of 2018 wasn’t as easy for the bog coins as it was predicted early on in December of 2017 when almost all tokens were going through a breakthrough, having a huge increase, one after another.

Is LiteCoin Worth it?

Regardless of the latest decreases that killed the price for more than a half of its value in only two months, LiteCoin is still holding on. A part of this ”holding on” comes from the fact that the Dark Web criminals simply love this currency, which is not bad at all when it comes to the price of LTC. The more one coin is used and purchased or exchanged, the more value it adds to itself.

If you add the fact that LiteCoin is mineable which gives more opportunities to miners, LTC has a future despite the recent extensive drops.

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

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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3 Cryptos To Blow Up In The Next Bull Run

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cryptos
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It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.

However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.

Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.

Finally, there are projects that aim to bring institutional investors to the crypto market, by solving issues that institutions are most…

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