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Litecoin Trading Price Surges After Gemini’s New Announcement

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Despite the recent price drop that has hit most of the crypto market pretty hard, things are looking up for a lot of coins once again. Litecoin trading is especially deserving of praise due to a new price surge that came after Gemini recently announced LTC trading on its platform.

While the LTC gains are still nothing spectacular at this point, the current situation may still be only a beginning of a new prosperous period.

Litecoin trading price moves up

The world of cryptocurrencies is still very young and full of energy and innovation. As such, there is always something going on, especially when it comes to altcoins, all of which struggle to prove themselves and become the next big thing.

In Litecoin’s case, it would seem that the momentum is turning around, after months of not so great performance. Even though the current gains are not that big, with the price going up by only 2.52% at the time of writing, this is still a very positive change.

Due to the fact that most other coins are still relatively undisturbed, analysts are having a hard time deducing whether this nudge is a beginning of a bull run or only a temporary change. Still, thanks to the fact that even Bitcoin itself is currently in the green, the entire crypto community choose to see positive Litecoin trading as a sign of hope.

While many expect this weekend to bring interesting development to the world of cryptocurrency, Pattern Capital Management seems to believe that a big volume spike has already started. They have just announced a serious volume spike, and while the current $215M in trades is definitely not bad for LTC, more is always welcome.

Additionally, Litecoin is also celebrating its seventh birthday today, which is not a small thing, considering that the crypto world itself is only 9 years old. Also, it should be noted that most crypto projects tend to disappear before even reaching their first anniversary. Despite the fact that Litecoin itself is not the most innovative project, it is still one of the more robust ones and is bound to remain around for a long while yet.

Litecoin gets listed on Gemini

However, the biggest news regarding Litecoin in the last several days came from the Gemini exchange, owned by the Winklevoss twins. Gemini, as mentioned earlier, announced that they are finally allowing Litecoin to join their list. Litecoin’s Charlie Lee has been excited about this development for months now and has left a few hints of it on multiple occasions.

While many took it as a joke at the time, Litecoin trading will now finally become possible on Gemini’s platform, starting next Tuesday.

While LTC price is still growing only by a few percents, this positive movement should not be overlooked. Not only because it may be a hint of greater things to come, but also because LTC is a coin that has struggled greatly, and every positive development should be praised. Now, since the weekend is here, a lot of investors expect big things to start happening at any time. After all, cryptocurrencies have a tendency to have their largest events happen on weekends for some odd reason.

Whether something will happen or not still remains to be seen. For now, however, LTC’s community remains joyful, while the rest of the crypto world is holding its breath and waits for a new bull run to start.

For the global insights every crypto trader must have, apply for Elite membership!

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.

Image courtesy of melfoody via Flickr

Altcoins

Is there a Real Value to Binance Coin (BNB)?

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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

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Top 3 Reasons To HODL Binance Coin (BNB)

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After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy…

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Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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