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Why Litecoin – up 7, 000% since January – may be a better alternative to Bitcoin

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Why Litecoin - up 7, 000% since January - may be a better alternative to Bitcoin

Investors are latching on to Litecoin not only because Bitcoin is now so expensive and possibly overdone, but also because it is actually a better alternative spil it is more stable and has a lifetime cap of 84 million coins.

While the world has bot mystified, gratified, stupefied or plain horrified by bitcoin’s sweeping bull run, there’s another cryptocurrency that has posted a far steeper rise this year. Bitcoin has risen 1,731% since the commence of 2018 but Litecoin – often referred to spil the “silver” to Bitcoin’s “gold” – has risen a whopping 7,000%.

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The fifth-largest coin by market-cap has, ter fact, seen its value go up 124% since Sunday alone, when Chicago-based exchange technicus Cboe launched trading of Bitcoin futures contracts, fuelling confidence ter cryptocurrency. Litecoin is presently trading at around $308 up from under $Four.Five at the beginning of the year. If the crypto madness proceeds, and the Bitcoin bubble does not burst, Litecoin might even kasstuk $1,000 sometime next year.

Investors are latching on to Litecoin not only because Bitcoin is now so expensive and possibly overdone, but also because it is actually a better alternative. According to Investopedia, the world’s largest financial education webstek, Litecoin is more stable and has a lifetime cap of 84 million coins, which is four times higher than the total number of Bitcoins that can be mined. So, spil request increases, there will be a larger supply of Litecoins to meet it, at least originally.

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Moreover, it not only boasts quicker block generation – Two.Five minutes frente a bitcoin’s Ten minutes so transactions will get confirmed four times swifter – but is also lighter to mine. Litecoin’s mining algorithms are significantly simpler so it can be mined on less powerful computers and consume less energy, which bodes well for its future. For cautious investors, its trading price also compares more favourably to Ethereum, the other biggie ter the cryptocurrency market, which is twice spil expensive.

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Litecoin wasgoed created by Charlie Lee, a former Google engineer, ter late 2011. “I dreamed Litecoin to complement bitcoin-not rival,” Lee reportedly said at a Coinbase talk te March this year, adding that “Bitcoin can be used for like moving millions of dollars inbetween banks, buying houses, buying cars. It’s indeed secure. Litecoin can be used for cheaper things.” The lower transaction fees on Litecoin support its use ter day-to-day transactions.

But before you rush to get aboard this fresh gravy train, be warned that Litecoin’s founder himself isn’t popping the bubbly right now. “Sorry to spoil the party, but I need to reign te the excitement a bit. Buying LTC is utterly risky,” he tweeted on Monday. “I expect us to have a multi-year bear market like the one wij just had where LTC dropped 90% ter value ($48 to $Four). So if you can’t treat LTC pulling down to $20, don’t buy!”

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3 thoughts on “Why Litecoin – up 7, 000% since January – may be a better alternative to Bitcoin

  1. ~*Angela*~ says:

    Every one should update their problem merienda it is not solved for more than 48hrs because for some transaction they are doing by hand. so maybe they, want to verify it very first so that no one ter disadvantage again !

  2. Mommy2Matthew says:

    I have not bot able to ascertain if livecoin.netwerken scam

  3. IdiotHusband says:

    I never had problems with this exchange. The truth I trade it on it infrequently because I choose exchanges with higher volumes. But sometimes it happens that the token is traded on only one exchange.

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