New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Litecoin Price Prediction — How Much Will LTC Cost in 2019-20-25?

  • Alex Morris
    📚 WikiCoin

    😎💣💣Will the brainchild of Charlie Lee touch $1,000 by 2025? There are multiple factors that could make it happen

Litecoin Price Prediction — How Much Will LTC Cost in 2019-20-25?
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Litecoin, the early Bitcoin spin-off that appeared on the market back in October 2011, holds fourth place on the CoinMarketCap (CMC) list of the biggest cryptocurrencies by market capitalization. The coin’s price is currently sitting at $56.42, and it seems very likely that it will catch up with its older brother sometime soon. In this article, U.Today is brushing the dust off its crystal ball to determine what is holding up for Litecoin in one or five years.
Litecoin is one of the first altcoins to appear on the cryptocurrency market

The top altcoin

The biggest challenge for Litecoin is to prove why investors should ditch Bitcoin, the crypto trailblazer, for one of its later versions. The cryptocurrency emerged as Bitcoin-Lite, which essentially explains the name of the coin. Litecoin does have plenty of similarities with its older brother, but it offers 2.5 times faster transactions and more efficient storage. However, it wasn’t enough to convince some naysayers who would call LTC an ‘incomprehensible Bitcoin clone’ as early as in 2011.

Litecoin has always been there alongside Bitcoin. For instance, LTC was the second biggest cryptocurrency as of April 28, 2013, with a market capitalization of 74.6 mln. On Sep. 28, 2014, Ripple’s XRP replaced LTC at second place. On January 21, 2016, Ethereum (ETH), the brainchild of Vitalik Buterin, eventually trumped Litecoin out of the top 3. As of March 9, 2018, it occupies fourth place with a market capitalization of 3.4 bln.

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Breaking out of Bitcoin’s shadow

As of late, Litecoin is placing more emphasis on privacy in an attempt to become an anonymous version of Bitcoin that would rival the likes of Monero and Zcash. Litecoin founder Charlie Lee earlier himself revealed that the network would add Confidential Transactions as early as in 2019. If that happens, one should expect a significant price increase.
Litecoin’s partnership with the MimbleWimble-based BEAM holds a lot of promise
On top of that, it is also worth mentioning about Litecoin’s recent collaboration with BEAM, a brand-new privacy coin that is powered by the MimbleWimble protocol, made the coin’s price skyrocket 30 percent.

If Litecoin continues to move in that direction, its price will continue increasing throughout 2019 and 2020.   

The drop in mining rewards

Just like Bitcoin, Litecoin is a Proof-of-Work (PoW) currency, and mining rewards are the bread and butter of cryptocurrency miners. The upcoming block reward reduction will have a significant impact on its price. Miners will not be selling the same amount of LTC, which will drastically reduce the supply of the coin. If the demands remain at the same level, the supply reduction will make the LTC price skyrocket.

Moon Overlord, a popular cryptocurrency analyst, earlier suggested that Litecoin bottomed out 200 days before its halving in 2015 and reached its current ATH of $375. The Litecoin halving is expected to occur in August 2019. The mining reward will go from 25 LTC to 12.5 LTC. Since history tends to repeat itself, it is reasonable to expect a brand-new ATH in 2021.
Will the upcoming Litecoin halving result in a major price spike?
However, one shouldn’t forget that Bitcoin is still the king, and Litecoin will most likely fail to experience any significant price bumps if the whole cryptocurrency market remains in the doldrums.  

Restoring reputation and increasing adoption

Charlie Lee had headlines around the globe after selling off all of his Litecoin holdings at the peak of the bull market. The fact that the founder of the project got rid of all his coins was far from the best thing that could happen to Litecoin’s reputation. However, Lee later claimed that his decision to jump ship was motivated by solely good intentions – he wanted to express his opinion about the state of the cryptocurrency market without being accused of manipulation. Very few people bought the excuse with some even suggesting that the mammoth-sized sell-off was an inside job.    

Lee didn’t abandon the project after all. As reported earlier by U.Today, he is currently focusing on streamlining the merchant adoption of Litecoin. For that purpose, he teamed up with HTC, which introduced LTC support for its first Blockchain smartphone, ‘EXODUS 1.’  

If there is a huge growth in the number of users, the Litecoin price will grow exponentially in the nearest future.

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2025 price prediction   

When it comes to long-term price predictions, not a single expert could give a definitive answer. The coin’s future depends on multiple factors:

  • The pace of Litecoin adoption (if LTC fails to break into the mainstream, there is a very little chance that its price will shoot through the roof).

  • The team and management (infighting is never good for any project, and Litecoin has to avoid any conflicts and disagreements within the team).

  • The state of the cryptocurrency market (altcoins greatly depend on the price of Bitcoin, and the growing institutional interest could give LTC a huge boost).

  • Cryptocurrency regulations around the globe (if regulators crack down on Bitcoin, it will drag down altcoins as well).      

It is worth mentioning that a lot of folks in the cryptocurrency space see Litecoin (LTC) as the best option for long-term investment given that this digital asset can serve as a store of value. Bitcoin is often called digital gold while Litecoin is digital silver. No matter how many new coins appear in the crypto space, Bitcoin and Litecoin are the two O.G. currencies with already established brands that are probably not going anywhere.

The bottom line

Yes, there are many factors that could push the price of Litecoin up (privacy-oriented feature, halving, increased adoption, etc.). Unless top altcoins stop tracking Bitcoin, it is highly likely that LTC will follow the cryptocurrency market. However, there are currently many exciting developments in the space, and the upcoming ‘Facebook Coin’ could be a complete game-changer.    

Can Litecoin hit $100, $1,000, or $10,000 by 2025? Over the past few years, cryptocurrency enthusiasts have learned that there is nothing impossible, but one thing is certain – no one can predict for sure how much Litecoin is going to cost in 2025. Hypothetically, if Litecoin follows the growth model of Facebook, it could reach $961, but, of course, there are very little similarities between these two projects.

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Nem Price Prediction 2019-20-25 — How Much Will XEM Cost?

  • Denys Serhiichuk
    📚 WikiCoin

    📖🤓Most of the cryptocurrencies lost their value during 2018, however, some of them have potential for future growth. NEM or “New Economic Movement” is such a coin. This digital asset is a unique one, as it is not similar to the most popular cryptos, like Bitcoin or Ethereum, for example. In this article, we analyze the potential of NEM and predict its price within the next few years.

Nem Price Prediction 2019-20-25 — How Much Will XEM Cost?
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The cryptocurrency NEM stands out from the rest of altcoins. This is a young digital currency that has become especially popular among users in Asia.

NEM Platform Features

The founder of the cryptocurrency NEM (XEM) is considered to be a member of the popular portal bitcointalk.org, which is known by the nickname “Utopian Future”. In the second half of January 2014, the user began to discuss the created digital asset and received support from other forum participants.

NEM is an abbreviation for New Economic Movement. The title of digital money is the mission of the project.

The goal of the NEM platform is to create a digital asset that is used in all areas of the economy. Later, an organization called the NEM Foundation was founded, the main task of which is the development of digital currency.

NEM logo

The release of the NEM platform with the XEM coin took place at the end of March 2015. The new cryptocurrency quickly gained popularity in the “Land of the Rising Sun”, and later among users of other Asian countries. The success of the digital money has been driven by its unique features and benefits.

The coin has the following advantages:

  • Unique PoI algorithm (proof-of-importance), which ensures stable operation of the system and automatic confirmation of new units. Today, PoI looks the most successful and fair in comparison with PoW, as well as PoS and its modifications. The amount of remuneration to participants depends on several factors: the number of coins in the wallet, the number of transactions performed, the duration of participation in the system. Block generation time is only 60 seconds, which is one of the highest rates in the industry.

  • Convenience for users. The program used by the platform supports all operating systems. It can be downloaded from the official NEM website.

  • High security. Algorithm Catapult has its own system of self-diagnosis, eliminates the possibility of duplicate payments and prevents system failures. All this provides a high level of protection against cyber attacks.

  • Transaction Rate. The processing of operations on the NEM network takes just seconds, throughput is up to 4 thousand / sec.

  • The limited supply of 9 billion XEM tokens helps to maintain a stable exchange rate.

  • Adaptation of NEM wallets for any, including mobile devices.

  • The constant amount of commission - 0.01% of the transaction.

In the near future, the team is planning to implement solutions to increase the scalability of the network, to develop an innovative COMSA platform focused on supporting ICOs, and to focus on further cooperation with the banking sector. Many Asian and European banks are testing the benefits of the NEM blockchain in terms of using smart contracts and faster and cheaper transactions.

COMSA ecosystem

In addition, this year the project’s founders are about to open a science lab and the NEM Blockchain Innovation coworking center. The objective of the project is to promote the platform and assist in its practical use. It is reported that there are investors who are ready to invest $40 million in this idea. It is difficult to say how this is combined with the recent news about serious financial difficulties and the possible dismissal of employees.

Another project awaiting implementation is its own cryptocurrency exchange.

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NEM Price Prediction 2019

At the turn of 2017-18, in the period of an unprecedented rise in the cryptocurrency market, experts and specialized agencies vividly published forecasts, in which they announced even more intensive growth of XEM in the near future. Many promised the rise to $40-50 and called for investing with the expectation of 20 to 30-fold income. It is clear that any predictions, especially those related to numbers, can be risky.

NEM Price Prediction

But even today, the majority of analysts estimate XEM as still positive. They do not associate the current state of affairs exclusively with the general bearish trend of the market.

Experts also emphasize that the XEM token has the main advantages of two high-tech cryptocurrencies at once: Ethereum and Ripple. The first is related to the use of smart contract technology, and the second is focused on working with the traditional financial sector. Japan, which was the first to legalize cryptocurrencies, recognized XEM as an official means of payment.

At the same time, Japanese commercial structures wishing to use the coin as a financial instrument are required to purchase a license for $300 thousand and have at least $100 thousand in an XEM coin account.

According to various forecasts, by the end of 2019, the rate of XEM may increase several times and reach the level of $0.10 - $0.20. However, much will depend on general industry trends.

NEM Price Prediction 2020 and beyond

NEM logo

In the past, we have already seen the cost of XEM to be near $2, after which a slow decline in value began, but it was caused by a general market correction. Achievement of the price of $1.92 was caused by the fourth Elliot Wave. From the fifth wave and the upcoming general news background in the cryptocurrency market, we expect an increase in value to 4-6 dollars by the end of 2019.

Re-testing of the $1.92 level can happen much earlier, and there are all the prerequisites that this will happen in the first half of 2020. According to some forecasts, the cost of the cryptocurrency can rise to 20-30 dollars in a couple of years.

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Is it worth buying NEM now?

In general, investment in XEM, given the current rate around the lower boundary, seems quite attractive. However, experienced players warn newbies about the need to “put eggs in different baskets”. The NEM blockchain updates planned for 2019, in addition to increasing the speed and throughput, are fraught with potential failures, bugs, and hacker attacks. When making a decision to invest, you need to take all this into account.

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