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Litecoin Price Predicted to Keep Rising After Posting Best Q1 Ever Through Bearish Market


Litecoin Price Predicted to Keep Rising After Posting Best Q1 Ever Through Bearish Market
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2019 has been a bit more promising for the general cryptocurrency market as many of the top coins manage to bounce back from a disastrous 2018, which was the longest bear market on record. 2019 is now being called the cryptocurrency spring, and a lot of it may be down to one coin.

Litecoin has had a successful 2019, notably through its first quarter. The coin, often referred to as the silver to Bitcoin’s gold, has doubled in price since the beginning of the year and in doing so, recorded 100 percent gains, showing the best Q1 of its six-year history.


There are a few reasons for this, from the coin soon to be facing its halvening, as well as some good work being done behind the scenes from the Litecoin Foundation. But, there is also a lot of evidence to suggest that Litecoin could be ready to rise even further in the medium to long term.

Doubling up

While 2019 is being dubbed the cryptocurrency spring, not all coins are doing as well as Litecoin. The fourth-largest cryptocurrency by market capitalization is currently trading at $61, representing a 100 percent gain on January’s opening price of $30. It has even gone as high as $64.

Other coins, such as XRP, which has lost ground over its 2019 Q1, and IOTA, which has stayed pretty constant over the first three months of the year, are showing that Litecoin’s achievement is nothing to be sniffed at.

Doubling up

Reasons for the gains?

A lot of people are putting Litecoin’s good performance down to the fact that the mining reward halving is due later this year.

In early August, the reward for mining on the Litecoin blockchain will be reduced from 25 LTC to 12.5 LTC. The shift means miners will be adding fewer coins to the ecosystem after August; this will lead to a supply deficit and cause an increase in demand for coins already in the market.

Historical data also backs up the current rise, as the last time the halvening happened four years ago, there was also a rally about six months before the mining reward shrank.

More to come

If the historical data is to be relied upon, then the second quarter for Litecoin could also be a positive one. LTC could rise even further in the second quarter, albeit after a pullback, as technical charts are showing signs of bullish exhaustion.

However, if Litecoin can help push the cryptocurrency spring further, then there is every chance the Q2 rally could be exaggerated, and the price could be predicted to rise even higher.

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Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?


Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?
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On a day where the markets are predominantly in the red, but only slightly, it is interesting to note that Binance Coin is surging. The exchange token is up fiver percent, but it is totally understandable as to why there is so much positivity around the company.

The biggests news, which comes off the back of its decentralized platform, Binance DEX, is that the Binance Chain mainnet has been launched and that they will be executing their Mainnet Swap on April 23rd.


This means that Binance Coin will be shifting away from Ethereum, leaving questions open as to what this means for Ethereum, which has been under the pump to stay relevant in today’s crypto and blockchain space. This move will result in a migration of $3 billion worth of BNB being moved away from the Ethereum blockchain and onto the new Binance chain.

A positive investment

All the good news emanating out of Binance has not only helped the coin to climb in price when the rest of the market settles down – it is helping it head towards a new all time high. Binance, like many altcoins, reached its ATH in January of 2018 in that parabolic stage.

Binance Coin hit $24 back then, and now, it is at $21 and rising with the thoughts being that when the mainnet move takes place, there could well be an even bigger surge. It is also interesting to note that just a few months ago, at the end of last year, it hit lows of $4.50.

Competing with Ethereum?

The mainnet move is obviously good news for Binance, as the markets are suggesting, but is it equally bad news for Ethereum, which was the holder of $3 billion thanks to the exchange. Many people have speculated that this new blockchain platform will pose competition to Ethereum, but ultimately it will help diversify Binance Coin’s use cases while also increasing its utility.

So perhaps rather than being a direct competition to ETH, it is only going to strengthen Binance Coin and in doing so perhaps spell out the future of cryptocurrencies as there is good reason to believe that this token, with its added utility and use cases, will be a viable token for the world going forward.

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