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Why Nano (NANO) Is A Safer Bet Than Litecoin (LTC)

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Litecoin (LTC) has had a few missteps in the past few months with the aborted launch of Litepay back in March. The latter was meant to revolutionize the use of cryptocurrencies for regular purchases of goods and services in a manner similar to using cash or your credit card. But due to unforeseeable difficulties in finding a card service provider that would be able to partner with the project, it had to be canceled.

However, the Abra Wallet, through its CEO Bill Barhydt, has pumped much needed renewed faith in Litecion by selecting it as Abra’s primary asset moving forward for their smart contract investing solutions. LTC was recently added to a growing list of supported cryptocurrencies on the app.

But is it a little bit too late for Litecoin (LTC)?

Some crypto enthusiasts say it will take a longer time for LTC to manage to hold its own once again. Others say LTC is dead. Perhaps it is time to look for another investment option due to the somewhat shaky recovery of LTC in the markets that has manifested itself by EOS edging it out of the number 5 spot on coinmarketcap.com.

Nano (NANO) is that new investment option. It reminds you of a young LTC when it was valued at $4 back in March 2017. NANO is currently valued at $4.16. The circulating supply of NANO stands at 133,248,289 and that of LTC is 56,754,673. This is a clear indicator that NANO might not make it to current levels of LTC that is trading at $120 at the moment of writing this. What is possible, is Nano to make reach around the $45 mark with time and adoption of the coin. Some price predictions have put NANO at $192 by the end of the year.

Either of the price predictions mentioned above is possible in the crypto-markets that continue to WOW us on a daily basis. One such example is the sudden resurgence of Bitcoin (BTC) to current levels of $7,527 at the moment of writing this, and after there were predictions that it would drop further below $7,000.

With respect to NANO, the coin and project are exceptional. Transactions on the Nano platform are free: no fees are charged. There is also available apps to store your Nano in the devices compatible with Android, iOS, Windows, Mac, and Linux. Also, if you are willing to start a node, you can do so by downloading the code to do so on their website.

It is with the above capabilities of Nano, that it is safe to say that we should forget Litecoin for now. We should turn our focus on Nano for it is the early bird who catches the worm.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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