Ah Litecoin, popularly considered the silver to it’s more famous brother, Bitcoin. While Bitcoin hogs all the limelight and is considered to be the de-facto protagonist of the crypto world, Litecoin has silently become a trusted, cheaper, and more technologically malleable asset.
There was a time when people were transacting thousands of Bitcoin across the web for various purposes, be it betting online, paying tips casually, or even buying drugs. A man even paid 10,000 BTC for two delivered Papa John pizzas. But little did he and every other Bitcoin spender know that their few cents worth of a digital asset would one day become as valuable as $65,000 per token.
If you have owned Bitcoin for a while, you would probably understand that cryptocurrency comes with inherent liquidity issues. Of course, you might have made millions of dollars worth of profits via your Bitcoin investments but realizing those gains in real money remains a daunting task.
2020 emerged as the year of cryptocurrencies as more investors dumped their low-yielding traditional safe-haven instruments to seek profitable opportunities in projects that offered more returns on their investments.
The third week of May saw a sharp decrease in the prices of the cryptocurrency market. Mainly, the market felt it compared to April’s numbers, when the most popular cryptocurrencies, such as Bitcoin, reached their record high volumes.
The first time Bitcoin witnessed a US election was when it was only three years old. The cryptocurrency was about to celebrate its second anniversary as a tradable financial asset on now-defunct Mt. Gox exchange – even as half of the world assumed it was a scam, a Ponzi scheme, a terrorist financing/money laundering tool, and whatnot.
On Sunday, Bitcoin experienced a brief pump-and-dump.
Nothing changed in the message the Federal Reserve delivered after concluding its two-day policy meeting on Wednesday. Jerome Powell, the US central bank’s chairman, decided to maintain their benchmark interest rates near zero and pledged to offer more monetary support if necessary. As he delivered his monthly press brief, the US dollar index was falling…
Is Pi Network a crypto scam? Not yet. Because a scam, as it sounds, requires criminal entities to mislead victims into putting their money in a fraudulent scheme. Scammers promise higher investment returns or rewards such as a yacht, a Mercedes Benz, or even a penthouse. But what they do is disappear with the money….
“Behind every successful trader is a great crypto tracker app.” – CoinStats
