Top 3 Advantages of Litecoin versus Bitcoin

Litecoin has gained a lot of attention over the past year, and for good reason. The coin was created by former Google employee Charlie Lee in 2013 and was forked from the Bitcoin Core client. Lee is still at the helm and the Litecoin Foundation now features 6 full-time core developers and a large and growing community. LTC offers some prime advantages over BTC, and there is certainly much space for both of the coins in the future of the crypto world. Here are three key benefits of Litecoin:

  1. Faster transaction confirmation time (4x faster than BTC) 
  2. Increased storage efficiency due to scrypt usage in LTC proof-of-work algorithm  
  3. More coins to reward miners (84mn to be distributed total compared to 21mn BTC). 

These factors make Litecoin an appealing transactional cryptocurrency, and hundreds of e-commerce stores have already adopted accepting payments in the form of LTC, including Overstock.com! Litecoin's website even lays out methods and instructions for merchants to easily implement LTC payment acceptance on their websites.

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In the last month, 30% of total LTC purchased was in USD - with 50% of the total buys coming from Coinbase. This seems to be a good indicator that more people are discovering Litecoin, and it’s many benefits. After the coin has been beaten up in the bear market over the past few months, it is up 14% on the week and currently trades at $131.91 on popular cryptocurrency exchanges including Coinbase, Bittrex, and Binance.

Top Reasons Ethereum is Prime for a Run

Over the past four months the cryptocurrency markets have been in a bear market, but let’s take a moment to put this in perspective. One year ago today, the total market cap of all cryptocurrencies was $25 billion USD, right now it is currently $245 billion USD - this is almost a 10x increase still. The run up in December was bound to come with a correction and no one is sure how long it will last, but here are some reasons that make Ethereum an enticing coin to hold right now.

Often times, people have referred to the market cap of Ethereum exceeding that of Bitcoin as ‘the flippening’, but this has not happened to date. When looking at the total market cap as a percentage of the entire market, we see some interesting divergences between Bitcoin and Ethereum.

Graph from  coinmarketcap

Graph from coinmarketcap

ETH experienced a massive rise to a price of $390 USD in June of 2017, where it reached its closest to surpassing BTC as the largest market cap as a percentage of the entire market. Since that time, BTC continued to assert dominance in the market as it rose to a massive price peak of over $19,000 in December of 2017. Through April of 2018, ETH and BTC have both taken price hits, but the dominance in the market cap percentage has been rising for BTC, while it has been steadily decreasing for ETH. This is interesting considering the growing number of Ethereum dapps...


Ethereum dapps, which are many of the projects that you have seen ICO using ERC20 tokens, actually make up an astounding 85% of all crypto assets that have been issued under existing blockchains. All of these run on ETH as their ‘gas’ and rely on it to successfully operate, making Ethereum’s value crucial in the scope of smart contract projects. Because of Ethereum’s unique ability to cultivate and support deployment of crypto projects, it is in a great position to continue to thrive in this space. While there are cryptocurrencies that are building very similar functionality and even claim to have advantages over ETH, such as EOS and Cardano (ADA) - they have no working products at the moment. It will be important to keep an eye on projects like these, but ETH talks the talk and walks the walk.


While BTC is certainly the king of crypto today, ETH is the king of dapps. You can view all Ethereum projects, including 515 that are live and actively earning profits at State of the dapps. This increasing dapp support, along with the recent slide in market cap dominance, could be an indicator of an Ethereum run to come when the bear market subsides. ETH trades at $363 USD today on just about all crypto platforms such as Bittrex, Coinbase, Gemini and Binance.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Altcoin 🔥Wanchain

WAN (Wanchain) - Wanchain is building the world's first distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved and modern framework. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Jack Lu leads the team as a former senior software architect of Xerox and Hewlett-Packard, and with strong experience in decentralized technologies as the builder of Factom.

Wanchain’s president is Dustin Byington, who is a former employee at Goldman Sachs, and he is looking to use his connections in the world of finance to further the integration of the platform. WAN trades exclusively on Binance and is trading at $4.18. The team has just announced 3 ICOs (AllSpark, GameBank and UTour) that will take place on it’s platform and WAN should continue to trade on more exchanges as well, giving reason to be excited about the project.

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The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Elastos

ELA (Elastos) - Elastos is the building the first internet operating system that uses the internet as the base-layer infrastructure rather than an application, where Dapps will be able to run on a peer-to-peer network without centralized control. As a result, application programs are unable to access the network, which eliminates most viruses and attacks (especially DDoS attacks) on the internet. The team’s thinking is that network communication should be separated from application computing. Because Elastos is building an entire operating system, the final product will be a decentralized, open source, blockchain-driven platform with a robust economic infrastructure. On Elastos, running decentralized applications and turning digital content into transferable assets will be possible, and ELA tokens will serve as the base currency with a variety of crucial utilities. For instance, projects that are built on Elastos will distribute 20% of their token to the Elastos Foundation, and the remaining 80% will be airdropped to ELA holders for free.  

The Elastos project really began in 2000, when Rong Chen left Microsoft to build the world’s first internet operating system. Since then, the project has received funding from Foxconn and recently formed China’s ‘G3’ alliance alongside NEO(China’s largest crypto project) and Bitmain(largest blockchain mining company in China). With China’s growing commitment to embrace blockchain technologies and cryptocurrencies, Elastos is clearly a project of massive scale. ELA has remained relatively under the radar until recently, and currently trades on just one exchange (Huboi) at $76.69. This week, It looks like ELA is going to win the Binance Community Coin of the Month vote, which would be a big listing for the project. Regardless, the future looks bright for Elastos!

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The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Bitcoin and IOTA

BTC (Bitcoin) - Bitcoin has taken a hit over the past few weeks as the bear market has creeped in, but this is not the end of the king. BTC is the staple cryptocurrency that has a devoted developer following, and proven effectiveness. Concerns over longer transaction times and higher fees will continue to subside as Lightning Network develops further, directly addressing these concerns in the process. Satoshi's vision is very much alive in Bitcoin and when the time comes for the next bull market, Bitcoin usually leads the surge ahead of Altcoins. It trades at $8,158 USD on Bittrex and Binance today.

IOTA (IOTA) - IOTA is a revolutionary, next generation public distributed ledger that utilizes a novel invention, called a “Tangle”, at its core. The Tangle is a new data structure based on a Directed Acyclic Graph. Three big advantages of IOTA are that it offers a network that is extremely scalable, has no fees, and is quantum-proof (something that is extremely valuable as we look towards the future of computing). Another aspect that has many excited is that transactions are self validating and do not require miners. IOTA is trading down at just $1.67 on Binance today and looks like a solid hold for the long term.

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The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Monero, Oyster Pearl & Wanchain


XMR (Monero) - Monero is a leading privacy cryptocurrency, XMR has been the leader in private and censorship-resistant transactions for a while and for good reason. Data privacy is of increasing importance in a world where our internet personas are ever tracked, followed and targeted. Monero is among the most reputable projects in the dev community and was recently found by a group of researchers at Princeton to be the only untraceable coin. Monero does not market heavily as most coins do, which should be considered a good thing. Although the market cap rank is 12th and the coin trades at $330 USD today on Bittrex, there is much room for growth in XMR.

PRL (Oyster Pearl) - Oyster Pearl is creating the future of website monetization and distributed storage, built on IOTA Tangle and Ethereum. Using smart contracts, revenue can be generated from online content by utilizing just a line of code in the front end in the website. Website visitors contribute a small portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger - In return, the website owners get paid indirectly by the storage users and website visitors can enjoy an ad-free browsing experience. Test net A released this month and Test net B is releasing next month, with the main net set to go live in May. Oyster Pearl is a project that has a lot of potential, PRL ranks 213 from a market cap perspective and currently trades at just $1.18 USD on Kucoin and Cryptopia.

WAN (Wanchain) - Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved and modern framework. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Jack Lu leads the team as a former senior software architect of Xerox and Hewlett-Packard, and with strong experience in decentralized technologies as the builder of Factom. With the test net going live last week and the coin set to begin trading on major exchanges before Chinese New Year, WAN should hit exchanges at ~$2-5 USD and should continue to rise from there if they are able to deliver.

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The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 EOS, Loopring & Power Ledger

EOS (EOS.IO) - EOS is building a network that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This will include accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. The team is announcing a VC partnership this week and also provides incentive to hold with the announcement that they will airdrop tokens that debut on the network into the wallets of EOS holders, beginning with Everipedia. This is a long term hold, as the 365 day crowdsale is still underway and the main net network going live this summer. EOS trades at $12.80 on Binance currently.

LRC (Loopring) - Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading. At the moment, Loopring is a project for a decentralized ERC20 token exchange. The first public blockchain is Ethereum, but other blockchains with smart contract capability, such as NEO and Qtum, will also be supported in a similar way in the future. Pooling the liquidity of cryptocurrencies is a topic of increasing importance as decentralized projects seek to move away from central exchanges. LRC is a similar project to ZRX and has taken a big dip lately, it trades as $1.01 on Binance today

POWR (Power Ledger) - Power Ledger is a distributed ledger for a distributed energy system. The Power Ledger Platform permits peer-to-peer energy trading by tracking the generation and consumption of all trading participants. It settles energy trades on pre-determined terms and conditions in near real-time. POWR is an ERC-20 token that will provide access to the network. Power Ledger is set to run all applications on a new smart city project, Fremantle. Fremantle will be built in Australia, using highly resilient, low-carbon and low-cost systems installed and connected through blockchain technology. POWR offers a targeted use case with a massive potential as we move towards a greener future, and trades at $1.04 on Bittrex and Binance..

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Modum, ChainLink and Everex

Week of January 7th, 2018

MOD (Modum) - Modum is a project aimed at the improving the pharma supply chain, which offers a passive monitoring solution, ensuring GDP compliance and auditability by using blockchain and IoT technology. Modum’s tested solution offers a significant cost savings over the active-cooling methods currently used, while providing valuable data to drive continuous improvement in supply-chain logistics. We like this project because it addresses a direct use case and is built specifically for it, we think of it as the Samsara of the Pharma industry. Furthermore, the product is built to satisfy recently updated EU regulations, which will make it easier for companies to adapt the necessary processes. MOD currently trades at about $8.20 USD on Binance. With a Circulating supply of ~18mn and a market cap ranking of 164, this coin has a lot of potential to run, and has picked up steam in the past few weeks alone.

LINK (ChainLink) - ChainLink is blockchain middleware that allows smart contracts to access key off-chain resources like data feeds, various web APIs, and traditional bank account payments. By providing smart contracts secure access to these key resources, ChainLink allows them to mimic real world agreements that require external proof of performance and need to make payment in widely available payment methods e.g. bank payments. This project is a powerful integration technology that is working with big names like SWIFT and Gartner,  and has somehow flown under the radar until recently. Rowlinstone, a heralded Cryptocurrency Research Group, named LINK their sleeping Giant for 2018. It trades at just $1.08 on Binance at the moment and is starting to command the attention it deserves.

EVX (Everex) - Everex is a project that has recently gained some deserved attention for their financial services platform that aims to bring banking to the unbanked, and help small/medium businesses thrive with Blockchain. EVX is applying blockchain solutions to cross-border payments, trading and lending; and the team is loaded with folks who have tremendous experience in the industry. Although the token has increased over 100% in the last week, it is still outside of the top 200 market caps, and should continue to increase as they continue to deliver. EVX trades at $5.20 on Binance right now.

 

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Tierion, 0x & Ethereum

Week of December 31st, 2017

TNT (Tierion) - Tierion is building a universal platform for data verification. Tierion works by creating a proof that links data to a transaction on a blockchain, which is called anchoring. Anyone with this proof can verify the data’s integrity and timestamp without relying on a 3rd party. This project has wide spread use cases such as Audit trails for business processes, document timestamping and IoT data collection and provenance. They already have a working product with pricing available on website, and have partnered with Microsoft and Phillips… With ~500mn circulating coins and a market cap rank of 169, it’s only a matter of time before the project is recognized, and is a good candidate to shoot into the top 100 marketcap rankings in the near term. Tierion trades at ~$0.18 USD on Binance at the moment.

ZRX (0x) - 0x is an open protocol for decentralized exchange on the Ethereum blockchain. It is intended to serve as a basic building block that may be combined with other protocols to drive increasingly sophisticated dApps. The token serves two main utilities: 1) to solve the coordination problem and drives network effects around liquidity, creating a feedback loop where early adopters of the protocol benefit from wider adoption, and 2) to be used for decentralized governance over 0x protocol's update mechanism. Decentralized exchanges will be hot moving forward in the space, and ZRX is a should be a solid pick up, it trades at ~$0.70 USD on Binance right now.

ETH (Ethereum) - Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements. The value token of the Ethereum blockchain is called ether. It is listed under ETH and is used to pay for transaction fees and computational services on the Ethereum network. Ethereum is a top tier hold, the staple token issuing network, and thousands of dapps are already utilizing the network. As more people become educated in the cryptocurrency markets into 2018, the value of ETH will continue to rise, it trades at ~$715 USD on Bittrex as of today.

 

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Verge, Civic and Lisk

Week of December 24th, 2017

XVG (Verge) - Verge is a project that has been around since 2014 and aims to bring user privacy to the masses while keeping the original vision of Bitcoin alive by providing user privacy in a public ledger. Privacy enabling coins will be a crucial part of the cryptocurrency space moving towards the future.  Recently, Verge has seen a lot of deserved attention, with mentions from Forbes, Bloomberg and The Chicago Tribune; and it’s gaining more traction with further wallet improvements to be released in the near future. There is a strong developer community around the coin, and it trades at just $0.22 on Binance at the moment.

CVC (Civic) - Despite the benefits of privacy enabling cryptocurrencies, there is a large concern around Identity protection, and Civic is addressing this head on. Civic’s platform enables people to build a digital identification, and their unique product offering allows real-time authentication of identity data verified by Civic or a Civic Identity Partner, such as a government entity, financial institution, or employer.  Their development of an ecosystem that is designed to facilitate on-demand, secure, low-cost access to identity-verification services via the blockchain will prove to be of growing importance as our current world integrates with blockchain services. With just 347mn coins in circulation, and a current market cap ranking of 69, there is much room for growth in such a valuable project. CVC trades at $0.70 USD on Bittrex at the time being, and has seen steady growth over the last month.

LSK (Lisk) - Lisk is a decentralized network that is building towards enabling teams/developers to create, distribute and manage decentralized Blockchain applications by deploying their own sidechain linked to the Lisk network, including a custom token. It is unique because Lisk is written entirely in Javascript, allowing for a Blockchain framework which accelerates and simplifies development. Lisk has jumped over the past couple of weeks but is dipping a bit now, and with a rebrand and increased marketing efforts on the helm for 2018 - the future looks bright for Lisk! It trades at $17.90 USD on Binance currently.

 

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Monaco, Cindicator and REQ

Week of December 17th, 2017

MCO (Monaco) -  Monaco a project that is building a crypto debit card which will allow you to effectively use your cryptocurrency as fiat money. The team has partnered with VISA as a program manager, and is offering a means to exchange any currency at rates that are 1/8th the fees offered by banks. The MCO token must be held to utilize the Monaco card, and is offered as ‘cash-back’ incentive on a few card offerings, which is a strong utility compared to other projects.  MCO trades at $16 (USD) on Bittrex today and volume has picked up heavily in December for the token. Monaco has big potential, and is looking like a solid hold as the team continues to deliver on roadmap.

Use Monaco app to send money without fees at perfect interbank rates. Your friends will receive it instantly and can access the funds immediately with their Monaco card.” -(mona.co)

CND (Cindicator) - Cindicator is a decentralized, community-driven infrastructure which provides updates and access to key trading information in real time. The information is provided by taking historical data and reviewing the performance of millions of analysts opinions- using the complex of statistical tools and machine-learning approaches  Often, arbitrage scenarios arise amongst cryptocurrency exchanges in the cryptocurrency and CND allows traders to immediately identify key info such as: ‘Bid on BTC/USD is higher on exchange A than ask on exchange B by 13.9%’   CND tokens allow you to access the app and are trading at just $0.03 (USD) on Binance at the moment. With a strong token utilitiy and a recent mention by the vastly followed Palm Beach Confidential team, momentum should continue here...

REQ (Request for Network) - Request for Network is a decentralized network which allows for anyone to request a payment (invoice) for which the recipient can effectively pay in a secured way. It is built on the Ethereum blockchain ledger and aims to be independent from other currencies, monetary policies, or technological choices, in order to build the most robust system possible. The project created an authentic ledger, allowing for complete transparency which is critical for public factions such as government. This may seem contrary to the narrative of cryptocurrencies being anonymous, but this provides a more realistic integration to the world as it operates today. Since hitting exchanges in October at $0.03 (USD), the token has rocketed 800+% and is trading at $0.28 on Binance today.

 

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

 

Hot Coins 🔥 RaiBlocks, Komodo, Bitcoin & Litecoin

Week of Dec 10th, 2017

XRB (RaiBlocks) - We've seen interest in XRB increase dramatically in the past few days, driven by recognition of IOTA (a very similar cryptocurrency). Although while IOTA target Machine to Machine transactions for the Internet of things, XRB target Person 2 Person transaction and is designed as a store of value for micro-payments. Instant transactions, no fees, infinitely scalable, and utilizing a Proof of Stake consensus method, we see XRB as finally getting the recognition it deserves.  The coin is expected to list on a fourth exchange in December, has a new iOS developer working on an iPhone app, and is still a relative newcomer to the top 100 coin charts. 1/20th the total coin supply of IOTA, but only 25% of the price, and with a new whitepaper/community guide written in the past few days. RaiBlocks seems to be undervalued in the short and medium term, trading at $1.15 at the moment on BitGrail.

BTC (Bitcoin) - Bitcoin has been down trending the past few days after a mega surge. With futures going live on NY exchanges this week, I'm not sure anyone knows exactly what happens - but I know traders like to 'buy the dip'. Furthermore, BTC is the grand daddy of crypto at this point and is worth allocating some of your portfolio to in any scenario.

LTC (LiteCoin) - After dropping off the past week, LTC has surged in the past few days, and it wouldn't surprise us to see it continue. What differentiates LiteCoin from Bitcoin is SPEED, while BTC takes 10 minutes to process a block, LTC network takes just a tad over 2 minutes. Another big factor is that Litecoin has the capability to produce a total of 84 million units, compared to Bitcoin's 21 million. Even thought the potential circulation of LTC is 4 times that of BTC, it is valued at 1/150th of the price at $95 right now.... If that isn't enough to convince you, did you forget it's way faster than Bitcoin?

KMD (Komodo) - Komodo draws comparisons to Monero, a project to build private and untraceable networks. Monero is focusing on its status as a privacy-based cryptocurrency, whereas Komodo is focus on establishing an open-source blockchain ecosystem, and it includes built-in privacy options. Komodo It's a bit of a long shot but has a lot of room to run if they deliver on some upcoming road map, and trades at $3.24 on Binance.

 

 

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.