Bitcoin is trying to break the $ 4,000 psychological level many times, but somehow fails. While the Bitcoin price remains cautious, Litecoin and Binance Coin continue to climb.
Litecoin has almost doubled its price so far this year, but in terms of the current price, it is well below the highest of all times in December 2017.
Now, Litecoin, one of the oldest competitors in the XRP, launched in 2011, and is now one of the oldest competitors, seems to be about to overthrow Ripple's XRP, the third largest crypto currency in terms of market value.
Reason of Fast Ascension
The rapid rise of Litecoin, which has been falling since last year to $ 23 in December, is largely based on the efforts of developers to achieve a number of high-profile partnerships and to increase work focused on security and confidentiality.
Expressions in the report
In a report released this week by the crypto currency broker firm SFOX, Litecoin further increased its price volatility when the Litecoin Foundation announced that it was investigating the integration of the Mimblewimble, which brought a chain of privacy and changeability to the block chain. In March, note that privacy-focused news affects markets as we see in Coinbase's statement that the third-party service provider sells customer data. Mart
On the other hand, Venezuela, which has been affected by the crisis this week, has provided a government-approved crypto currency remittance service and has enabled users to send Bitcoin and Litecoin to the country. This development has proven the use of Litecoin and Bitcoin in a country that is leaning against crypto currencies.
Developments to Litecoin may have just begun in August this year, when the time for an approaching half to tighten the new Litecoin supply is narrowing. Previous crypto currency halves led to a rise in the prices of digital tokens. However, of course it is not possible to guarantee that this will happen again.
This week, TokenPay's CEO Derek Capo and Litecoin founder Charlie Lee, the decentralized / decentralized payment platform, will explain the strategic partnerships that are expected to result in integration of crypto money into banking services.
Ripple's XRP has been on a downward trend since September last year. The uptrend, which lasted until September of last year, took place after Ripple established relationships with large banks that would use the XRP to pay. With a 60% share of the XRP, Ripple is looking to take steps to replace Swift, the market dominance of cross-border payments.
However, the appearance of Ripple's XRP has been worsened recently. The flow of new banking partners began to break and the US banking giant J.P. Morgan has also announced his plans for his private blockchain-based digital tokens, which will operate in a similar manner to Ripple's XRP.
Litecoin is in the limelight and Ripple's XRP is discredited, but it is the third largest crypto currency according to Litecoin's market value, and there is still a long way to go to replace the XRP (or perhaps Ethereum).
Ripple's XRP has a market value of more than $ 13 Billion, in response to Litecoin's $ 3.5 Billion market value.
The EToro senior market analyst, Mati Greenspace, wrote a note this week, stating that Litecoin's number one real-world use seems like a solution for apparently crypto-money investors.
In For people who send money to the stock market and special wallets, it's much cheaper and faster to do it with Bitcoin than with Litecoin. That's why he really deserves the title ğ digital silver Bu and the upcoming half-life in early August. In this context, there is also the possibility of better performance than the crypto money in the crypto money market. Bu
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