Litecoin is in the coming altcoin news because of its hash rate. According to the latest cryptocurrency news, Litecoin (LTC) has achieved a new all-time high of its hash rate on April 8, measuring 359 terahash.
The rapid increase in the hash rate of the Litecoin blockchain network represents computing power that protects and secures the protocol and comes in the middle of a demonstration of strong performance by Litecoin (LTC) in recent months.
Since January, Litecoin managed to record a 160% increase in value against the US dollar, proving that it is among the best performing cryptocurrencies in the global market right alongside Binance Coin (BNB), Enjin Coin (ENJ) and Augur (REP).
The potential factors of the rise of the price and the hash rate of Litecoin are considered as a positive indicator of confidence. However, arguments are made that improvements in hardware and mining equipment can lead the hash rate to rise.
The new increase in the hash power of the Litecoin network was affected by the momentum of the short-term price trend of Litecoin (LTC). Still, it is entirely possible that the overall improvement in the efficiency of mining equipment has fueled the network’s hash rate.
According to Franklyn Richards who is an early Litecoin team member operating Litecoin.com:
“Another potential explanation for the recent rise, besides price, may be more efficient mining hardware being issued /used. If this were the case we are not expressly aware of it.”
The price of LTC is also going up. While new cryptocurrencies consistently emerge and are featured on the best cryptocurrency news sites, if they are not backed by active development, investors may lose confidence.
A 2017 study by JP Vergne who is a professor at Ivey Business School proved this, stating:
“Besides, a new cryptocurrency may look more appealing than its older competitors at the time of introduction, but if it is not backed by a solid team of developers who continually improve its underlying software, over time it will be unable to maintain its initial technological advantage.”
Right now, we can only hope that the price growth of Litecoin (LTC) is as consistent and featured in our altcoin news section.
Coinbase Expands Its Crypto Offering To 11 More Countries
“This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.”Meanwhile, the news that Coinbase expands allow customers in the aforementioned countries to store, trade, send and receive cryptocurrencies. As the latest cryptocurrency news show, the exchange also suggested that cryptocurrencies are moving from the current "investment phase" into the "utility phase" following a number of new use cases. Recently, the company introduced a lot of new developments, one of which was featured in the altcoin news section. It was the added support for EOS (EOS), Maker (MKR) and Augur (REP) which went viral and expanded into cross-border payments. The latter development reportedly enables users to send as well as receive money instantly and convert them into local currency. As part of the news that Coinbase expands, the report concluded:
"Realizing our mission of creating an open financial system for the world starts with making it as easy as possible to access crypto. With today’s announcement, we’re happy to take an important step in that direction."Earlier in April this year, Coinbase also launched the Coinbase Card in a partnership with Visa, enabling its United Kingdom-based customers to pay in-store and online using cryptocurrencies. As a result, the new service will allow Coinbase to instantly convert the customers' cryptocurrency funds into fiat currency in order to complete each purchase. This is definitely a lot of news coverage showing that Coinbase expands in different directions and is on a mission to offer various trading options globally.
LTC Price Can’t Keep The Pace Any Longer: Crypto Analyst
“We have seen a downward wedge forming over the last week or so. We look for potential breakdown of that $75 near-term support.”While the analysis from Donovan suggests that traders might want to take advantage of the short-term profits, the litecoin price breakdown does not mean that the altcoin will be weak in the long-term. It only shows that the LTC price will be up for a healthy retracement since its value surged by more than 350 percent after the bear market low at $22. Donovan continued:
“LTC has rallied from the lows of last December from ~$22 roughly 350%. A short-term retracement would not at all be unlikely NOR would it be a bad sign for the token. Healthy pullbacks can and should occur in an asset that rallies this hard, this fast.”However, as some of the best cryptocurrency news sites show, not all analysts are convinced that the litecoin support level will reach a breakdown point. The Rhythm Trader posted on Twitter explaining a more bullish scenario. He stated that if the volume is rushed to defending the support level, the LTC price could reach a triple-digit territory:
“If $LTC shows a little volume here, this could get really interesting with a break of $100 quick if this support holds.”
Tezos Price Rises By 10% Reaching A New Five-Month High
“France has some nuggets on the entire value chain of new services to companies, hardware, and protocols. I am thinking in particular of Tezos and which allows the development of a blockchain protocol overcoming the known defects of public blockchains.”The Tezos price was already improving after the partnership with Coinbase crypto exchange. Both of the companies now allow institutional investors to ear passive rewards. San Francisco-based Coinbase even promised up to 6.6 percent yearly returns to the investors.
Notre Dame Reconstruction Powered By Crypto Fundraising Campaign
“Notre Dame is one of the world’s great treasures, and we’re thinking of the people of France in your time of grief. It’s in our nature to mourn when we see history lost — but it’s also in our nature to rebuild for tomorrow, as strong as we can.”The president of the European Council Donald Tusk also stated about the cathedral fire:
“I’d like to say words of comfort and solidarity with the French nation, also as citizen of Gdańsk, 90% destroyed and burnt, later rebuilt. You will also rebuild your cathedral! From Strasbourg, French capital of the EU, I call on all 28 States to take part in this task.”The news about the Notre Dame reconstruction reached all of the best cryptocurrency news sites where it can be seen that people around the world are willing to help. Popular singers, actors, and politicians joined the bandwagon.
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