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Should You Invest in Ripple (XRP) or Litecoin (LTC)?

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A cryptocurrency can be defined as a virtual currency that is generally used as a medium of exchange. Cryptocurrencies are limited entries in the database which cannot be altered unless specific conditions are fulfilled. It is not issued by any central bank, or under government regulation. Cryptocurrency does not enjoy the same kind of stability when it is compared to other physical currencies. Lately, several people are using cryptocurrency for different purposes which include online shopping, financial transactions, and many others.

Although Bitcoin is the first cryptocurrency that gained immense popularity in the financial market, there are other important cryptocurrencies which are currently trending the financial markets like Litecoin, Ripple, Ethereum, Monero, KIN, Cardano, Steller, Digibyte, Verge, etc.

Litecoin vs. Ripple

Blockchain technology has been growing at greater pace since the Bitcoin was introduced in the market. Almost every day new coins are coming up. Two popular cryptocurrencies are Litecoin (LTC) and Ripple (XRP). The two coins have been quite successful over the years and are considered as among the top ten cryptocurrencies in relation to the market capitalization. In this article, you will find a brief comparison between the Litecoin and Ripple so that you can easily decide which one could be a better investment.

Litecoin (LTC), the open-source blockchain based cryptocurrency was launched in the cryptocurrency market in 2011 by its founder Charlie Lee and the rest of the development team.It uses the Scrypt algorithm. It is considered better than the more centralized Bitcoin that utilizes SHA-256 mining algorithm dominated by ASICs.  According to the Coin Market Cap, the current Market cap of the Litecoin is approximately 995,994 BTC and volume (24 h) is approximately 62,509 BTC  with the price value $141.70 (as of 27th March 2018).

Ripple (XRP) can be defined as a distributed open source payment network, which has revolutionized financial institutions and the monetary transactions through the blockchain technology. It was launched in 2012 and is functioning in beta version. In 3rd Feb 2018, a stable version of the Ripple was released and the maximum supply amount of XRP is set at 100 billion. It utilizes Ripple Protocol Consensus algorithm (RPCA), to maintain the network agreement and consensus. It allows transaction in any currency and takes only 3.6 seconds to complete the entire transactions on the Ripple network. As mentioned in the Coin Market Cap the market cap of Ripple is 2,847,518 BTC and Volume (24h) is 54, 980, BTC with price value $0.583216 (as of 27th March 2018).

What is Preferable: Ripple or Litecoin?

It is true that the world of cryptocurrency is a bit intimidating due to the complex terminologies and technical computing terms.  Nevertheless, the cryptocurrency market has been growing at an exceptional rate, providing great prospects to people. Those who have invested in cryptocurrency have benefited tremendously in many ways. It is the most trusted digital currencies in the market and it does not need any third party.

According to the recent survey Bitcoin, Litecoin and Ethereum have gained more popularity than Ripple that is currently third in the market capitalization (as of 27th March 2018). As described in Forbes magazine, that cryptocurrencies were the most popular choice to invest a large amount, as much as $10,000. As per the recent survey by Professor and Chair of the Department of  Economics at LIU Panos Mourdoukoutas shows that 9.19% of millennial (18-34) would show interest in investing $10,000 in cryptocurrencies, compared to the 4.04% of Generation Xers (35-54), and (3.08%) of Baby Boomers.

The survey puts Bitcoin ahead of all other coins followed by the Ethereum and Litecoin. But the most surprising fact is that no one chose Ripple as the most trending coin in the market. As Mourdoukoutas said, “Specifically, 76% of the millennials in the survey said that they would invest the $10,000 in Bitcoin, 12% in Ethereum, and 12% in Litecoin.”

2018 Predictions

According to the cryptocurrency market analyzers, in Q2 Litecoin is expected to grow beyond $385 in 2018. Whereas, compared to Litecoin, Ripple’s short-term profitability outlook is not that great. Nonetheless, the coin still has some possibility to grow as it enters into Q2. According to the financial experts, Ripple is expected to reach beyond $1.960 in 2018.

We will be updating our subscribers as soon as we know more. For the latest on LTC and XRP, 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 InvestmentTotal.com via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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