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Why Should Anyone HODL Litecoin in 2018

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As of 21st March 2018, according to coinmarketcap.com Litecoin is placed in 5th position. At the time of writing, the price of Litecoin was approximately $171 USD. There has been almost an 8.15% increase since the previous day. The market cap, at the time of writing, showed approximately $9,538 million USD while the volume (24h) was $501 million USD. Compared to the previous two weeks of fall in prices of many crypto coins, Litecoin is currently faring well in the cryptocurrency market.

The uptrend of Litecoin (LTC) is something that should remind people to hold on to their Litecoin. The crypto coin came into being in 2011 through the hands of Charlie Lee and his co-developers. Some simple reasons to HODL Litecoin are

  • Compared to Bitcoin, the Litecoin blockchain is capable of conducting a much higher volume of transactions within a much shorter time.
  • Faster confirmation of transactions means that the difficulty level for the hackers has increased considerably. It takes only 5 minutes to complete two confirmations.
  • Litecoin is at an advantage as it uses Scrypt algorithm and can be mined using GPUs and CPUs. This was done to attract new miners and to make the process less power consuming than the mining process of Bitcoin.

Reasons to HODL Litecoin (LTC) in 2018

  • The launch of Litepay: Litecoin again came into limelight with the announcement of the launch of LitePay. LitePayhas the potential to increase the revenue for Litecoin by opening up an entirely new user base. On 25th February 2018, a day before the expected launch of LitePay, the LTC-BTC pair looked to break the then key resistance level.
  • Litecoin to launch Litecoin Core: Early March 2018 has seen the price of many cryptocurrencies hit the double bottoms due to the change in the global market. Litecoin too had to struggle a little to keep afloat. Litecoin had made a wise move by launching Litecoin Core 0.16.0. The open source software Litecoin Core allows the users to use LTC freely. Due to this launch, significant positive changes have been made in the Segwit Wallet. GUI and RPC have also seen some changes. Litecoin Core v0.16.0 is also slated to be released, as announced by Litecoin in its blog on 20th
  • Amazon to use Litecoin: Amazon has grown to be one of the largest vendors in the world. The company’s interest in the ‘new’ technology can be understood from its recognition of Litecoin as a medium of payment. Litecoin has thus become the new competitor of Ripple regarding Amazon’s cryptocurrency payment service. Litecoin can become a hassle-free means of exchange (transactions). The usability of Litecoin as a form of transaction makes it eligible to be used as money by Amazon on its platform. To be totally accepted by the system, Litecoin will have to continue and improve the user experience on the platform of the vendor. Moreover, the speed of confirming an order will have to exceed the current speed of confirming a transaction on the blockchain.
  • Gemini exchange to add Litecoin: Tyler and Cameron Winklevoss, the founders of Gemini Exchange have disclosed that the exchange will most probably add BCH and LTC pairs within this year. The team of Gemini feels that the inclusion of the new crypto assets will have a positive effect even on crypto derivatives trading. The revelation is also good news for LTC.

Litecoin has the potential to take over the retail micro-payment market in the near future, according to some of the crypto experts. The fact that Amazon is more likely to choose Litecoin over Bitcoin is also one of the major reasons to HODL the cryptocurrency. All in all, the stated reasons show that Litecoin (LTC) will keep going in 2018.

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 Zach Copley via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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