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Litecoin LTC Trading Volume Spikes

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LTC trading volume

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

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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