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Litecoin LTC Trading Volume Spikes

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LTC trading volume
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According to recent statistics, the seventh largest cryptocurrency by market cap, Litecoin, has recently seen a large surge in trading volume. In the recent period, LTC trading volume has mostly been consistent in the $200 million range. However, this has now changed, and information from websites such as CoinMarketCap is recording an entire $100 million more in trading volume.

At the time of writing, LTC trading volume is at $323.5 million on CoinMarketCap. One interesting thing is that Litecoin has not experienced any large price movement. Its price is currently at $51.23, with a drop of 1.20%. However, LTC trading has suddenly become much more popular.

The crypto community is currently keeping a close eye on Litecoin, with many of them speculating that this might be a sign of adoption. If this is the case, it would correspond with earlier predictions that have announced such a development for late 2018. However, there are also those who believe that this is fake volume, or that a single large transaction influenced statistics.

In the last 24 hours, Litecoin has mostly been traded on Bithumb, with around 29% of total LTC trading being done on this exchange. The second most popular location is ZB.com, with only 10.71% of LTC trading. While Litecoin is listed on more than 130 platforms, most of them do not see any trading or at least some minimal amount.

Is Litecoin trading volume a sign of adoption?

The reasons behind the spike in trading volume are currently unknown, but it is evident that Litecoin’s new popularity did not affect its price in the slightest, at least as of yet. Considering that the change in volume usually comes together with a change in value, there are some investors that are claiming that a price surge is soon to follow.

The value of cryptocurrencies is difficult to predict, and all that analysts have to rely on are the coin’s popularity and previous performances, Despite any optimistic outlook, predicting the price of Litecoin is as uncertain as it can be. While the larger rate of adoption will certainly help the coin, there is still no proof that something like this is actually about to happen.

Others see this as a temporary trend, despite the fact that LTC has surpassed numerous other currencies, including some of the top ones, when it comes to trading volume.

While opinions continue to differ in the community, the fact is that Litecoin trading volume is currently surging. While many believe that the coin’s price has dropped due to the lack of interest in this crypto, it is possible that this is now changing. Whatever the case may be, Litecoin is currently the fifth largest cryptocurrency per trading volume, bested only by Bitcoin, Tether, Ethereum, and EOS. Whether this will change or not still remains to be seen, but at the moment, the coin seems to be doing rather well.

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

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The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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