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Would you really hope on a coin to come around? Would it not amount to financial miscalculation to entrust hopes on cryptocurrencies despite their volatile nature? The fact is that there are coins that are actually worth their salt. Investors are out for such as fortunately, Ethereum (ETH) and Litecoin (LTC) make the list. We are hopeful that these coins will come around and these are three (3) reasons to support our stand.
1. Litecoin (LTC) and Ethereum (ETH) Run on Smart Contracts
Despite the bearish trends that dipped the prices of many cryptocurrencies, some coins still stand out. Beyond the trading, there are unique features that can foster the price of each coin. For Litecoin (LTC) and Ethereum (ETH), the smart contract technologies are one of the lifelines. Transactions over the blockchain require confirmations.
With the removal of the human-factor in decentralized transactions, the viable option to that is the smart contract. To this end, our “never-dying” perception to the coins hinges on their ability to facilitate transactions by confirming them in real-time.
2. As Bitcoin (BTC) Soars; Its Offspring Would
Without a doubt and in all fairness, the Bitcoin blockchain and cryptocurrency buoyed the launch of different altcoins. Now, with over 2,000 digital assets competing in the crypto community, Bitcoin (BTC) literally takes up the role of a godfather. In addition to its long-standing position at the first spot (by market cap), its offspring are certain to walk up the ladder with it.
Among the many coins available, Litecoin (LTC) and Ethereum (ETH) are closer to Bitcoin (BTC). For instance, Litecoin (LTC) has the tag to as the “silver to Bitcoin’s Gold”. On the other hand, it has enough liquidity to keep afloat. On its part, Ethereum (ETH) has been behind Bitcoin (BTC) by market cap. Despite going down by a spot and trading in the third position, the coin might make a comeback anytime soon.
3. Litecoin (LTC) and Ethereum (ETH) are Responsive
In addition to their liquidity and smart contract feature, Ethereum (ETH) and Litecoin (LTC) are very responsive. On the sideline, Ethereum (ETH) is a platform for the development of Decentralized Applications (DApps). While it provides long-term storage and transfer of applications and transactions, Litecoin (LTC) brings up the rear with fast block generation (approximately 2.5 seconds) and lower transaction fees.
The Bulls are Coming Back
As the sea of red in the crypto-sphere diminishes from the much dominance in 2018, the bulls are gradually coming back. With Ethereum (ETH) and Litecoin (LTC) are in the race, and the bulls will certainly be in their favor.