As you know,is a cryptocurrency that emerged as a fork from Bitcoin. This currency got very popular in a very short time and impressed investors who tried to diversify their currency portfolio. If you are looking to invest in Litecoin (LTC) in 2018, you should know the following…
Because of its advantages, Litecoin is able to generate a block in less than 3 minutes and make a faster transaction compared to Bitcoin. This is very important for the miners because they use hardware to mine on the Bitcoin network so it is very hard to switch to Litecoin. This is good because there won’t be large groups forming and mining Litecoin so it will be easier to keep Litecoin decentralized.
Many experts believe that the adoption rate of Litecoin will increase this year which will lead to a growth in price. Of course, we can never know how big of a jump that would be. The adoption rate should increase because Litecoin has a lot more coins in circulation so it is more affordable. Also, both the lightning network and SegWit are activated so Litecoin has a great chance of dealing with scalability problems. So, why invest in Litecoin in 2018?
Litecoin is currently the 6th cryptocurrency by market capitalization with a market cap of $8.26 billion dollars. You can see the price analysis.
Last year, it proved itself to be a great currency even outperforming Bitcoin and Ethereum, but it is, however, very difficult to make any kinds of predictions because of the volatility on the market.
Did this convince you to invest in Litecoin now? Or will you maybe wait for better times?
Let us know in the comments!
P.S. Make sure to get updates on Litecoin daily onwebsite!
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