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Why Amazon Might Choose to Adopt Litecoin (LTC)

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Cryptocurrencies have started infiltrating more and more businesses, and it would be pretty hard to find a branch of business that has shown no interest in this technology. Ripple (XRP) is the perfect example of this, considering that some of the largest banks and financial institutions in the world have adopted it already. However, Litecoin (LTC) might make its own big progress soon.

Will Litecoin (LTC) be adopted by Amazon?

Being adopted by a company as large as Amazon is every crypto’s dream. However, Litecoin might be the top choice for this firm, if it decides to go for cryptocurrencies.

Litecoin’s community is especially enthusiastic about this e-commerce platform, and the majority of them has already requested multiple times that the coin is added on Amazon. The interesting thing is that Litecoin’s nature and technology actually make it the perfect choice, which means that the adoption might actually come to pass when Amazon decides that it is ready to go crypto.

What makes Litecoin (LTC) the best choice for Amazon?

One of the reasons why Amazon might choose LTC is that Litecoin’s most important features are exactly what Amazon is looking for. Amazon deals with millions of customers, and it needs its payments to be fast, cheap, and as secure as possible. These are the exact aspects that LTC is best known for. Not only that, but it is actually far more advanced than the payment system that Amazon is currently using.

When it comes to speed, Litecoin is one of the fastest cryptos around. Apart from that, it allows payments via any currency, since they can all be converted to LTC coins. This makes it extremely practical, and perfect for Amazon and its customers.

Additionally, Litecoin is also among the cryptos with the biggest level of security. This would also make it very attractive to Amazon, which has millions upon millions of customers, all requiring a secure way to make payments. Amazon currently uses Visa since its security is one of the best, but even Visa recently had a major incident when it went blank in Europe. This means that the system, no matter how advanced it is, still has a lot of flaws. Litecoin, on the other hand, is blockchain-based. That means that all of the transactions are transparent, and are safely recorded on the blockchain itself.

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If we add the extremely low fees to the equation, it is clear that Litecoin is a perfect choice for Amazon. As an example, a fee for a transaction involving $99 million would only be $0.44. This makes fees basically non-existent.

Downsides to Litecoin

Litecoin, like all other currencies, has peaked majorly in December 2017, and ever since then, the prices were extremely bad. What made a situation even worse is a sudden decision of investors to sell their coins, which led to Litecoin becoming oversold overnight.

This has had an even larger impact on its price, which continued to drop over the course of Q1 and Q2 of this year. However, lately, the prices have been showing signs of recovery, and a lot of experts believe that another period of recovery is about to come. If that is the case, the interest in Litecoin will probably spark again, and the prices might reach their former glory.

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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

DGB Price Prediction For 2018 and Beyond

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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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