FOMO of Today for 12 December, 2017 🚀steemCreated with Sketch.

in #bitcoin6 years ago (edited)

What Coins are in the Fear Of Missing Out Pump?

While there might be a few other coins doing FOMO today, there was one coin that really stood out among the crowd. For some reason, people are flocking to LiteCoin. And this hasn't been a trend just for the past 24 hours, because in the past 30 Days, LiteCoin is up more than 400%. In comparison, BitCoin has only increased by closed to 150% in the past 30 days. What makes things even more interesting, is that today, LiteCoin surpassed BitCoin in volume on the World Coin Index.

I've included a shot of each of the indexes in BTC with the highest percentage gain in the last 24 hours.

worldcoinindex_ltc.png

coincap_ltc.png

livecoin_ltc.png

Sure Ardor and RaiBlocks are shooting to the moon today, but it is LiteCoin that is the real star.

Ardor (ARDR)

is apparently a platform that "makes blockchain technology available to businesses, start-ups, banks and governments". It is being released on January 1st. The ARDR token was spun off from NXT. When Ardor Genisis is released, then everyone with NXT will get IGNIS token. One IGNIS will be given for every two NXT held in a wallet. Do not keep NXT on exchanges, instead transfer them to private wallet. Also, at that point, Transactions with ARDR, Bitswift, and Janus assets disabled on the Nxt blockchain. So, why are people buying ARDR now, if it will stop being used in 16 days? 1 ARDR equals 1.39 NXT (55.48%).

RaiBlocks(XRB)

updated its white paper into different languages yesterday. Beyond that, this "future of cryptocurrency exchange" doesn't seem to have any news going on.

LiteCoin(LTC)

has an advantage over BitCoin by providing quicker transactions. The only thing I can think of that would make LiteCoin go big is that one of the biggest BitCoin exchanges, BitFinex, had a DDOS attack this morning. And, I guess being unable to trade BitCoin for a few hours would have people looking elsewhere.

Anyway, according to the creator of LiteCoin after the run today.

"Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!"


ltc_charlie.png

May the FOMO be Ever in Your Favor


DeanLogicForkSing-sm.png
Steem Badges

Let the positive energy sing!

More Power to the Minnows!!


DestroyAllBots.png

Coin Marketplace

STEEM 0.39
TRX 0.12
JST 0.040
BTC 70118.22
ETH 3546.28
USDT 1.00
SBD 4.89