Litecoin versus Ripple
Well the markets have been a crazy ride the past few days, a lot of money has been lost, and I reckon that even more has been made.
Currently the number three spot on the list of cryptos accoridng to total market cap is Ripple (XRP), but Litecoin as I am sure we are all aware has seen a massive surge in popularity. Although Litecoin is still a third of the market cap of XRP., it has done double to trading volume in the last 24 hours.
This all of course leads us to question how long will Ripple be number 3 for?
While it is impossible to give an exact time frame I can see this happening in the near future, unless we see a massive take off for Ripple, but honestly I see Litecoin going places. Perhaps it even has the potential to unseat Ethereum someday, but let's not get ahead of ourselves.
The reason that I believe Litecoin will take over is that it is a superior coin for consumers. Ripple has one function, bank exchanges which gives it value, I am holding XRP, but if we want to see an everyday use coin which people can get use and pay for things with it is going to be LTC!
So what is the take away here? Get as much LTC as you can! And HOLD!!!
There are 3 ways to get it.
- 1 trade other currencies for it on the open market
- 2 buy as ASIC an mine it
- 3 Cloud mine it with Genesis (auto trade from another plan)
So what are you waiting for? Start piling it up!
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Im sooo bullish on steem and LTC. been a while since I held any BTC.
Same. The only reason I hold BTC is because I need to use it to purchase other alts.
Second that, just piling up Dash, Steem, and LTC
Solid post. Same mindset here. It always surprises me how people still sell when a crypto goes down. I mean just invest in solid coins and skip the shady ones. Crypto is here to stay. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Besides coinmarketcap.com there is: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. Check: https://www.coincheckup.com/coins/Ripple#analysis For the Ripple Investment research report.
Great resource thanks for sharing!
I'm bullish LTC. Top 3 coin in the near future!
For sure.
Definitely top 3 in my portfolio!
YES!!!!
I think we'll really see a jump again in LTC at the end of the month when the MIT project comes out. I'm really trying to take the reputable rumors seriously since I discounted where BTC could go in 2012. Really kicking myself for that one!
It is going to be big!
I agree! Really liking Litecoin... but I used most of what I had to buy STEEM when the price dropped this week. STEEM dropped more percentage-wise than Litecoin, so my buying power was good. STEEM is on the rise again, so I think it was a good move. And yes, I did power up.
Steem is a solid investment for sure!
Plus you get more influence and dividends, so powering up was a good move.
I think litecoin is very undervalued. To me anything around $1,000 is a fair value for the litecoin.
We can hope!
I have the habit of filtering ''non-mineable and premined'' cryptos on coinmarketcap.com, so I rarely took into consideration Ripple. Always thought they were skewed some way because of that.
True the pre-mine value that the company is holding is very substantial
I'm still amazed about the people who are buying Ripple when it has such weak fundamentals and it's the most centralized coin of all. In case you want to change your leftover Ripple to Litecoin and make a smart move: https://www.switchain.com/best-rate/XRP-LTC