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The Cryptocurrency pool of investors is simply growing, new markets are opening up and the UK news site www.independent.co.uk reports that a third of all 18 - 35s are set to invest by the end of 2018 up from 5% now.
I think a move away from the heaviest energy user Bitcoin with its energy-guzzling mining load to lighter greener alternatives like Litecoin and Power Ledger are inevitable.
The latest 'Bitcoin News reports that;
"Since January 1, the price of Litecoin has surged from $3.63 to $302, as its market cap increased from below $177 million to $16.4 billion. The market valuation of Litecoin is currently larger than that of bitcoin in the beginning of 2017.
Potential Factors Behind Rally
Over the past 12 months, the bitcoin dominance index has decreased from above 80 percent to 56 percent. Several analysts have attributed the decrease in the bitcoin dominance index to the migration of users from bitcoin to alternative cryptocurrencies (altcoins) such as Litecoin and Ethereum that have significantly lower transaction fees than bitcoin.
At the time of reporting, the median transaction fee of Litecoin is around $0.065.. Due the high transaction fees of bitcoin, many users have started to utilize Litecoin to process cheaper and small transactions.
Bitcoin Fees, a bitcoin transaction fee prediction platform developed by Earn.com (formerly 21 Inc) show that the fastest and cheapest transaction fee is, a recommended fee of around $18."
that's a huge difference in cost to the end user both financially and environmentally.
Litecoin for the future!
I think a move away from the heaviest energy user Bitcoin with its energy-guzzling mining load to lighter greener alternatives like Litecoin and Power Ledger are inevitable.
The latest 'Bitcoin News reports that;
"Since January 1, the price of Litecoin has surged from $3.63 to $302, as its market cap increased from below $177 million to $16.4 billion. The market valuation of Litecoin is currently larger than that of bitcoin in the beginning of 2017.
Potential Factors Behind Rally
Over the past 12 months, the bitcoin dominance index has decreased from above 80 percent to 56 percent. Several analysts have attributed the decrease in the bitcoin dominance index to the migration of users from bitcoin to alternative cryptocurrencies (altcoins) such as Litecoin and Ethereum that have significantly lower transaction fees than bitcoin.
At the time of reporting, the median transaction fee of Litecoin is around $0.065.. Due the high transaction fees of bitcoin, many users have started to utilize Litecoin to process cheaper and small transactions.
Bitcoin Fees, a bitcoin transaction fee prediction platform developed by Earn.com (formerly 21 Inc) show that the fastest and cheapest transaction fee is, a recommended fee of around $18."
that's a huge difference in cost to the end user both financially and environmentally.
Litecoin for the future!
LTC is definitely the coin of the future! We can see how it developes and after the lightning network launch we could see as value of Litecoin.
With over $1.86bn in 24-hour trading volume, things are looking pretty good for Litecoin. And it seems fewer people are willing to sell at the current price)
Bitcoin Cash offers similar features and solutions to Litecoin, has the Bitcoin branding and is obviously being pumped hard. How do you see LTC competing against BCH, or do you believe there is room in the market for several transaction focused coins?
