After entering the world of UFC as previously reported in our altcoin news, Litecoin will now tap into the world of movies and celebrities in Hollywood as an official sponsor of the Mammoth Film Festival.
The Litecoin Foundation is now an official sponsor of the movie festival held in California starting today until February 11.
All of the money prizes will be handed out to Filmmakers in Litecoin and the LTC team will help all of the celebrities setup their wallets so they can use their tokens right away. This amazing cryptocurrency has already made a mark in the UFC after they sponsored major fights. Ben Askren, an amazing UFC fighter has openly praised the cryptocurrency.
Hollywood will now be more open to crypto since many celebrities are joining the crypto space. Many popular people will attend the festival such as Jean-Claude Van Damme, Dax Shepard, Olivia Munn and King Bach such as many social media celebrities as well. Charlie Lee, the founder of Litecoin said:
“When we (Litecoin Team) spoke to the festival’s founders, they immediately expressed the growing enthusiasm and support for Litecoin we’re seeing amongst the filmmaking community. As we push for mainstream adoption, it makes sense to partner with a festival that is comprised of people who bring new ideas and visions to the world through the content they create, and one we can grow with through the years. ”
The president of the Mammoth Film Festival said that it is a huge deal for the festival to look forward in the ‘’ever-changing landscape’’ into the world of tech and praised Litecoin as the perfect organization that fits all of their ideas.
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“We’ve had some bullish moves on ETH, BTC, and altcoins over the last 2 weeks. Is the bear market over? Maybe, the fact of the matter is we are going up. Traders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out.’’Over the past few months, Bitcoin and the other cryptocurrencies show similar movements. BTC showed weeks of stability but it later plunged by 10 percent. However, the current stability is not a guarantee for improved future performance. The crypto market shows a period of stability for the past couple of weeks. Ethereum made gains during today’s trading session. After the 12 percent surge in the price of ETH, crypto trader DonAlt said:
“Well, this is a proper moon. Not a big liquid spike but rather a nice controlled walk up. Didn’t expect quite this much action into the weekend but I’m not complaining. ETH as the top gainer on BitMEX. Right at resistance here – will be interesting if it can break through or not.”
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