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Why You Should Buy Litecoin (LTC) While It’s Cheap Now

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LTC

Litecoin is generally considered as a peer-to-peer cryptocurrency and open source software project that is released under MIT/X11 license. The creation of the coin is based on the open source cryptographic protocol and thus it is not managed by any central authority. Technically, Bitcoin (BTC) is almost identical to Litecoin but it is far quicker and cheaper. According to the views of the cryptocurrency market experts, Litecoin pricing acts in a more rational manner than Bitcoin and it has a more sustainable future. The value of the Litecoin depends on the demands of currency trading websites like Bitfinex, OKEx, GDAX, and Coinbase. In the current scenario, some online stores, in fact, started to accept cryptocurrencies to buy products like jewelry, groceries, clothes and other important stuff.

Litecoin (LTC) is known to be the next best thing to Bitcoin. This cryptocurrency was launched a couple of years later after Bitcoin and it has a few aspects which make it acceptable to the present day crypto investors, users, and traders. This coin is growing at a fast pace and it is already taking the initiative to close the gap on Bitcoin. It is true that the recent crypto slump has brought the Litecoin down to $122.7 and this is the best opportunity to buy the Litecoin when it is cheap. Some of the good reasons to buy Litecoin are discussed below.

  1. Better than Bitcoin:

Most people tend to invest in altcoins because of the early investors’ reliance on Bitcoin. Like, those many new investors want to buy coins at a cheap rate and want to become richer. For this reason, it is the best time for you that you should invest more on Litecoin. Although it is much like Bitcoin it is better than it. It generally uses proof-of-work algorithm but it is ASIC resistant and allows both CPU and GPU miners. The network of Litecoin is as secure as Bitcoin. Although the price of LTC fell from around $300 and to just the above margin of $100 but still it is better than other crypto coins because of its stability. However, the trading price of Litecoin has started to rise and thus it is the ideal time for you to buy Litecoin.

  1. Litecoin’s association with Abra app:

Abra app allows the users to trade crypto-fiat, crypto-crypto pairs and fiat-crypto. Through Abra App, you can avail 20 cryptocurrencies and 50 fiat currencies. For this, the users need to buy Litecoin first and then they can use this for future trading in the app. This app, in fact, uses Litecoin to access smart contract as Litecoin transactions are faster and scalable with a much more secure network.

  1. The launch of Litecoin Core:

Litecoin was not much affected by the recent bearish trend in the crypto market because of the release of Litecoin Core. The investors still believe in Litecoin and the price of the Litecoin remained above $100 mark. This actually contributes to Litecoin’s stability gaining the confidence of the traders.

  1. Gemini Exchange Lists:

The Winklevoss Twins’ Gemini exchange is considered as one of the world’s most popular crypto exchanges. This exchange has listed Litecoin on their portal. They have allowed the users to trade in Cryptocurrency according to their basic requirements. As the exchange has a large pool of users, a listing of Litecoin in their portal will increase the trading in Litecoin.

The Advantages and Disadvantages of Litecoin as a Short Term of Investment

The short-term investment generally means 1-12 months of investment. Some of the advantages and disadvantages of short-term investing in Litecoin are discussed below.

Advantages:

  • High Trading Volume:

Litecoin is a popular choice for the investors because of its high trading volume, which means you can easily find the buyers.

  • The huge expectation in 2018:

Charlie Lee, the founder of Litecoin tweeted that there is “One huge unexpected surprise” coming in 2018, in the early phase of 2018.

  • Listed on Coinbase:

The listing of Litecoin on Coinbase attracts more investors. Only four coins are listed on the Coinbase, Litecoin being one of them. This means you can easily buy and sell coins.

Disadvantage:

The only disadvantage is the volatility of the cryptocurrency market. This makes the short-term investment in Litecoin a bit risky.

Conclusion

Litecoin which is already ranked 5 (according to the coincapmarket.com) is not a new name in the realm of cryptocurrency. However, it still undergoes several changes and improvements to tackle the issues that have come up in the history of Litecoin. However, you can invest in Litecoin right now so that you can enjoy the benefits in the near future.

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.

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Bitcoin

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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