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Will Litecoin’s Halving Be Bearish for Its Price, but Bullish for Bitcoin?

  • Jack Thomas
    🤷 Opinions

    The run-up to the LTC halving is good for its price, but when it happens, is there a chance Bitcoin will be cashing in?


Will Litecoin’s Halving Be Bearish for Its Price, but Bullish for Bitcoin?
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Litecoin has, without a doubt, been one of the best performing coins of 2019. It began the year at $30-odd and has since tripled its price value in the first few months of this year. The coin has been to thank for the renewed positive sentiment in the cryptocurrency market.

A lot of the reason behind this is because the coin is coming up to a big milestone as it on the cusp of a difficulty mining halving, which is due to take place in August of this year. The halving will make the reward for mining Litecoin decrease and thus make the circulating amount more valuable and in demand.


However, even as Litecoin rises higher on the news of the having, there is talk that it could actually spell a bearish trend for LTC when it happens, and spark a bullish trend for BTC.

A reminder of scarcity

The reason that halvings have an effect on price is they remind people of scarcity, but well known crypto commentator Tone Vays sees things differently with Litecoin.

“In the case of Litecoin, the scarcity is not a major factor because Litecoin is unsecured inflation on top of Bitcoin.”

He went on to add that Litecoin also is in a more competitive market compared to the dominant Bitcoin. The Litecoin halving should remind the industry that the value in mining Litecoin is shrinking even more in the current market.

On the contrary, he believes that the Bitcoin halving will create opportunities for miners to find more valuable Bitcoins.

Litecoin is easily replaceable, so investing a lot of money in Litecoin mining infrastructure only to watch Litecoin disappear in the halving is a problem. Hence, halving is a major problem for Altcoins but, not necessarily for Bitcoin Vays added

Bitcoin halving approaching

Bitcoin is set to have its own halving moment in 2020, but before that, with Litecoin primed to have its time first, it will be interesting if the old adage of ‘buy the rumour, sell the news’ comes true.

The Litecoin price is rising now, but when the halving happens, it may well end the bullish run and take that momentum to something bigger than LTC, like the dominant BTC.

Cover image via www.freepik.com
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Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology

  • Darryn Pollock
    🤷 Opinions

    Blockchain adoption by billion dollar companies is probably a lot further along than expected as Forbes has revealed


Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology
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Forbes has recently released a list of 50 companies utilizing blockchain technology that are valued at over a billion dollars, these companies include the likes of Amazon, Microsoft, IBM, as well as less technical ones such as BP and Walmart.

What is surprising about the list is just how broad the scope of interest is when it comes to blockchain by these massive global companies. The adoption of blockchain, over the last 10 years, has been relatively slow, up until now.


But, in 2019, it seems that the future of technology has been laid out and to get a competitive edge these companies realise that there is a lot that can be done with blockchain and that they need to get their foot in the door.

Heavy hitters

While the Forbes list paints a grand picture of blockchain adoption, it also shows just how far along in the process some of these companies are. For companies to have made it onto the list, they have to have been using blockchain in some sort of effective and tangible way.

There are some, like insurance giant MetLife, which already has a working blockchain, and product, that has been going since 2014. Back then, the adoption of blockchain by major companies was not even heard of – it was more about the starting boom of Bitcoin.

But blockchain is the new leader in the space, taking over the batton from cryptocurrencies which certainly helped raise the profile of the entire ecosystem. If it was not for the cryptocurrency boom, a lot of these major companies would never even have stumbled across the underlying technology.

A drive for blockchain

Now, with the cryptocurrency market right back down again, and a lot of the speculation having been cleared out, there has been a whole year of rather focusing in on blockchain building and its application, instead of making money off speculative tokens.

That change in mindset has really helped major corporations take on the technology and begin experimenting with its efficiency and disruptive powers. There is almost an arms race going on as the advantages the technology can give across a huge spectrum of enterprises, which are massive and very coveted.

A need for enterprise investment

There still remains a debate as to whether blockchain, and crypto, with its decentralised nature, is in need of these major corporations coming in to monopolise the space which was born out of defiance of banks.

However, it would be foolish to think that blockchain can reach its full potential without a drive from big companies with big budgets. Smaller startups and companies are able to bring innovation and excitement to the space, but the mass adoption will only come when the heavy hitters are involved.

Cover image via 123rf.com
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