Story - LiteCoin Moons and Overtakes Dash
Let’s start with a little look at the LiteCoin chart:
https://www.coinigy.com/main/markets/BITF/LTC/USD
If we use the Coinigy measuring tool over the last 5 days we get a reading of 189%.
So LiteCoin has almost tripled in price over the last 5 days, from around $85 to around $240.
It has completely blown the top off all its previous all time highs 4 times in the last 5 days.
https://onchainfx.com/ If we look at its position by overall market cap now, it’s back to being the 5th most capitalised coin when calculated by current coin supply.
I’ve noticed a pattern that has just played out again.
Every time Dash goes on a massive bull run and overtakes LiteCoin in the rankings, shortly after that LiteCoin goes on a bull run and puts Dash back in its place.
That would be Dash in 7th place right now with a 6b market cap vs LiteCoin’s $13b market cap, more than double.
LiteCoin today ranks as the 5th most popular blockchain by transactional volume, with a daily transaction volume of 71,500.
Although that is likely to have spiked recently as people deposit and withdraw LiteCoin from exchanges to take advantage of the price movements.
Charlie Lee did appear on CNBC Squawk yesterday so maybe that raised some awareness for LiteCoin.
I was looking at my portfolio and I loaded up on LiteCoin on the 4th of May, which puts that position up 732% today.
https://www.bitrefill.com/steam-eur-voucher/
After Valve’s recent removal of Bitcoin as a payment method on their platform, BitRefill have stepped in to allow people to buy Steam gift vouchers with LiteCoin which can then be instantly redeemed for games on the Steam Platform.
Now we just need to take LiteCoin directly.
Story - Micro Raiden Goes Live
https://raiden.network/micro.html
Yesterday we spoke about the first ever Lightning transactions on the main Bitcoin network, today we’re talking about the launch of Micro Raiden on the live Ethereum network.
Raiden is the Japanese word for Lightning, so as its name suggests it’s the Lightning network but for Ethereum.
The goal being to enable instant transactions that cost almost nothing in fees.
Micro Raiden is a component of the larger Raiden project, the micro part is for micro transactions, no surprise there.
The snag here is that the Raiden network is designed to move around their RDN based Ethereum tokens, rather than the Ethereum core asset which is Ether.
This differs from the Lightning network which will be moving the native Bitcoin around on the network, which I think is simpler and therefore better.
When I heard this news I did what I normally do which is attempt to experiment with it myself, although so far I’ve not been able to find any live examples I can play with.
All I could find were some code examples of GitHub:
https://github.com/raiden-network/microraiden/tree/master/microraiden/microraiden/examples
If you have the skills you can run these yourself.
Then in this article from BTC Manager:
https://btcmanager.com/micro-raiden-free-transactions-ethereum-network-now-live/
It says Vitalik Buterin, the creator of Ethereum, stated in a speech last month (
that while Raiden and similar technologies were useful, they were outside of what he considered Ethereum’s true long term goals should be.He went on to say he would prefer an on-chain scaling solution like sharding, which splits the blockchains up into multiple threads.
One of the criticisms of the Ethereum community is how much importance people place on what Vitalik says, being the creator and all.
This is also touted as one of the main benefits of Satoshi Nakamoto creating Bitcoin and then disappearing.
Story - EOS Dawn 3.0 Coming January 2018
https://github.com/EOSIO/eos/milestone/5
This is quietly tucked away in the EOS GitHub but no doubt once this is released it will hit the news.
This presents the possibility of a price increase for the EOS token when the news comes out, however that’s not a recommendation to buy any.
I do hold EOS tokens because I believe in the project and think it’s going to go down in history as one of the biggest, most important launches of all time.
However, you should say no notice of that because I may not have a clue what I am talking about so you shouldn’t rely on anything I say about anything.
I did put some more Ethereum into buy EOS when I discovered this though.
▶️ DTube
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Moonlight is very nice light 😀
Lets vote for MOONLIGHT
When investment is going up, voting is non negotiation hehehe.
Cheers,
@yehey
When to jump from the winners of today to the ultimate winner? It will not be blockchain
Sunlight???💰
When regular saving accounts are paying nothing... putting some weekly savings in coinbase is a no brainer.
My cat is named Raiden. She has always been a super special cat. Her birth date is 06/06/2006. Reading your article taught me her name has Japanese roots and that she is a god(dess) of thunder and lightning. Thanks for the information.
GET OVER HERE!✊
AIAIAIAIAIAIAIAIAIAIAIAIAIAIAI!
Litecoin's moonshot is too incredible for words. I do not know where to start!
Today we're seeing ETH and LTC catching up a bit to where they should be in relation to BTC, lagging for weeks while BTC ramped, and now they're finally rebounding somewhat.
That huge surge on Litecoin was amazing to see!
It's all about LTC right now. Unbelievable.
All market right now is going to the moon :)
LTC boom boom
Let the whining begin...
Crypto to next Galaxy not just the Moon.
I love seeing these alt coins get some of the money that has been coming into BTC recently. Good for the overall health of crypto
Major changes in crypto-market happens every day.
Probably Steam decision to use LTC as main cryptocurrency...LTC doesn't deserve that spot . retarded technology already ..Dash is superior ...but also there are even better alternatives . I think some Whales pumped it .
Yeah I think Steam's decision was a big part of it. That, and Bitcoin's recent sluggishness combined with Etherium's Kitty-related blockages.
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Lite coin one of the top coin in the world . I am buy 10 litecoin per coin =85 $ . Know 1 lite coin = 330$ +
Litecoin just broke $300 USD, and oddly enough it's not too early jump in, nobody has missed the boat.
I bought Liteecoin for the first time today via Coinbase.
I put in 100eur. Now just 3 hours later its 144eur!!!! thats amazing!!!
Nice to be holding an appreciating currency for a change, a BIG change over fiat.
But don't get too spoiled it's not usually like this, markets have many other moods too!
Disclaimer: I'm a total newbie, so please have patience! So far I can navigate coinbase and bittrex. Obviously I can't find EOS or IOTA on coinbase, but I also can't find them on Bittrex. What exchange should I go to while I investigate these two? Thanks for indulging me!
Better than any exchange IMO is to get the EXODUS wallet. From there you can purchase EOS from within your wallet without the risk associated with exchanges. And you can use any of a dozen Alt coins including LTC ETH, etc. etc.
Binance has IOTA, don't think EOS is available for US, not sure though
In fact EOS is available for everyone, but US citizens are officially aware NOT to buy because of risks.
Of course, you decide for yourself !
Thank you for the information! I appreciate it!
bitfinex
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Its time to buy some litecoin i guess
i told my husband to buy them gosh ! he never listens..
lol
Do you think that this condition will stay longer? Or the litecoin will be dump in recent time?
By the way I got lucky by this condition, I was buy a lot of LTC while the it's cheap because of the prise of bitcoin several day's ago. Now, I can sell it little by little.
LiteCoin seems to be holding on to this new price so far.
tooo the moooooooooon #HODL
Great post! Too bad i missed the Litecoin train myself.
La verda que litecoin a tenido un gran alzon tras romper maximos historico llegando asi a $285 dolares por moneda.
I am new to Cryptos. Just opened an account at Coinbase to use my CC to try and buy Bitcoin...which i did. The funny thing is I bought LiteCoin on accident LMAO because BTC was so bogged down i couldn't spend my money so i decided to try LiteCoin and it worked...FAST...hahaaa now i'm so thankful this stuff is so much fun. JD
We are preparing for the apocalpyse.
Great job Jake! It is fun and Litecoin is a great choice anyways!!
Hold on to that litecoin!
Oh most definitely. to be honest i do not know what to do with it LMAO.
you can cash it out on coinbase if you ever really needed to. Be aware that it's NOT an instant payout and transaction fees are charged.
woo hoo love the litecoin gonna make me a millionaire! ahhahahahaha
Keep climbing Crypto!
Is it the new money fomo'ing into BTC+ETH + LTC before they discover hundreds of altcoins?
Not even fomo'ing, they are the On-Ramp to Crypto.
And they continue to be excellent investments due to their privileged position.
Great post. I knew that Litecoin was going to surge at some point, I just didn't expect it so soon. Now I'm kicking myself for not diving in back when still less than $100.
IOTA will take over ethereum
All coinz are exploding up !!! :)
and I was lucky enough I bought some when it was priced at 120€
I got put of EOS and put my money into dragon chain? What do you think about iz?
Nice information sharing
Disclaimer: I am just a bot trying to be helpful.
Very nice content man. I do believe a lot in EOS. It could truly change the world! Believe me!
EOS will pay off my mortgage soon.
It is my plan too
Great post bro and information ^^
Looks amazing bro my VP is done please vote later
Very interesting read and good content. Thanks.
Likewise
LTC will keep going up! Steam recently accepted LTC for vouchers. It can also be used for gift cards. Big times are coming. HODL!
very good analysis!! but a little bit of bitcoin its cool!!
Your Post is like litening coins and earned a lot money$$$$$
Whenever I sell something, it moons a month later.
Is it just me? :P
its Awsome !!!! thanks for shereing
Fair points there, although I believe we're in a dangerously speculative phase of the market.
In a month+ period of time we might see some of those top coins lose 50% of its value.
Regarding speculation, I want to encourage you to read my post about current state of cryptocurrency markets https://steemit.com/cryptocurrency/@crypto.daro/speculative-nature-of-crypto-assets if you're interested ;)
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I got very lucky with LTC, I picked up some just before it exploded