LTC reached to $255 on December 11th, 2017, five times rise in one month! What does it mean for STEEM?
Today, LTC hit $255 at CoinMarketCap. This is a personal event for me since I have started mining LTC back in March, 2013 and mined 3000 equivalent of LTC, eventually lost them. I was involved with LTC mining and trading until January, 2016.
The success of LTC, taught me a coin with die hard supporters for long enough, a strong leader in Charlie Lee and traded in all top exchanges will ride back on BTC bull run and can rise five times in one month ($50 to $250).
What does it mean of STEEM?
LTC is better than BTC in a sense that it had ASIC resistant algorithm. But not anymore, LTC is mined with ASICs. LTC is four times faster than BTC, the only advantage it has over BTC. However, being one of the first little brothers of BTC, it got huge supporter base, specially in China. As a consequence, it is added to Coinbase which uplifted its brand image to the moon.
However, STEEM is relatively new, just one and half year old. It is faster and smarter than LTC. It has burgeoning user base and more actively involved community within the blockchain. Moreover, it will not only be currency but also will provide smart contract similar to ETH with upcoming SMT.
STEEM is already talked about to be added to top US, Korean and Chinese exchanges.
STEEM is much more than currency and smartcontract, it provides treasure trove of open source data for research, advertisement and entrepreneurship. It is a small economy.
STEEM is low priced now, since it is not yet added at top exchanges, SMT has yet to released, and finally, its user base is only half million. However, in 2018, everything can change. According to my favorite fundamental analyst @taskmaster4450 STEEM can rise up to $100 a piece by the end of 2018..
Seeing the rise of LTC in front of my eyes (I traded first LTC at 50 cents), I believe STEEM has more potential than LTC to rise and conquer the cryptocurrency world!
Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger
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