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Reasons Why Litecoin Can Be Effective On Wall Street

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Wall Street

When it comes to stock brokering and lucrative investments, the influence of Wall Street on the entire world economy cannot be denied. For centuries, Wall Street has affected the global economy, including various business organizations and brokerage firms around the world both in positive and negative ways. As far as the current scenario is concerned, the overall market trend is slightly bearish and as a result, both novice and experienced investors are finding themselves under an inordinate amount of pressure. Very recently, the Fed raised the rate of interest for the sixth time since the financial debacle occurred in 2009. As an obvious repercussion of this incident, several stocks are undergoing massive downfalls causing considerable losses to many traders.

Under such circumstances, a large percentage of the investors are looking for an alternative where the scenario is not this bleak and that’s where the cryptocurrencies come. Although the cryptocurrency Bitcoin was introduced in the year 2009, the active trading of these currencies didn’t commence until 2011. Now, there are nearly 1800 such currencies available in the market besides Bitcoin. Despite the fact that the stability of the cryptocurrency market largely depends on the stability of Bitcoin, some very popular Altcoins are also exhibiting considerable potential. Litecoin can certainly be included in the group of such coins.

Here, a few aspects of Litecoin would be discussed that would help you comprehend why this coin can be a decent alternative to stock trading for Wall Street investors.

Litecoin’s Distinct Features:

This cryptocurrency was introduced to the crypto-market to offer an ameliorated alternative to the first cryptocurrency Bitcoin. As a result, Litecoin comes with several advantageous features that Bitcoin, despite being the most popular digital currency, is unable to provide. Such features include:

a. Lightning fast transaction: Litecoin offers nearly four times faster transaction speed than Bitcoin. Bitcoin takes nearly 10 minutes for block confirmation, whereas Litecoin takes only 2.5 minutes. This leads to a considerably lower transaction fee ($0.30 compared to Bitcoin’s $8.50).

b. Stability and security: Litecoin uses a Scrypt algorithm in lieu of Bitcoin’s SHA-256 algorithm. As a result, Litecoin offers a much-sophisticated blockchain program that is nearly impregnable for the hackers. Also, Litecoin’s price does not get affected by the drastic changes in the price of Bitcoin. It offers stability unlike most other cryptocurrencies available at the moment.

Recent Events Concerning Litecoin:

This cryptocurrency has been a part of major market events in recent times. Some of those events include:

  • The Launch LitePay: Litecoin launched LitePay on 26th February of this year. Since the announcement of this launch, the general trend of this cryptocurrency has been bullish. LitePay offers a new user base to the Litecoin and consequently plays a major role in increasing the circulation of this cryptocurrency as well as market capitalization.
  • The Launch of Litecoin Core: Launching Litecoin Core version 0.16.0 at the beginning of March turned out to be a very wise decision for the development team behind this cryptocurrency because, during that time, the entire crypto-market had plummeted to record low price ranges in terms of both market cap and individual coin price. The launching of Litecoin Core helped this cryptocurrency stay afloat during those few days and recover reasonably quickly.
  • Imminent Listing on Gemini Exchange: Founded by Cameron and Tyler Winklevoss, Gemini Exchange has become one of the most leading cryptocurrency exchanges in the world with millions of users spread across the globe. According to their statement, Litecoin is going to be listed along with BCH/LTC trading pair on this exchange very shortly. This listing is likely to augment the overall usage and trading of Litecoin significantly.

Current Market Scenario and Speculation:

As of this moment, the price of one Litecoin is nearly $160. This currency holds the fifth position on Coinmarketcap with a whopping market capitalization of nearly 9 billion USD (as per the data of 26th March 2018). With the current listings and major events on the line, the trend is likely to show another surge very soon.

As for the Wall Street investors, Litecoin is capable of providing the stability that is mostly unavailable in the rest of the cryptocurrency and the stock market. The Scrypt algorithm used for the development of Litecoin also accounts for its security by providing an impregnable firewall. In November 2017, the overall Litecoin market experienced a rise of 3000 percent after Bitcoin had reached the $10,000 mark. Litecoin, being one of the leading currencies among these Altcoins, can be an extremely promising prospect for the investors in Wall Street.

We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!

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 dpbirds via Flickr

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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