Forex Brokers That Accept Litecoin Payment Method for Deposit and Withdrawal

Amidst the controversies surrounding Litecoin, some analysts believe that the pioneer altcoin is still worth holding. Analysts from WalletInvestor, Trading Beasts, and The Economy Forecast Agency predict that Litecoin's price may reach $1,000 in the next five years.

As Litecoin is identical to Bitcoin, some investors consider its price will significantly increase when inflation rises. Additionally, market players still consider Litecoin in terms of its price because it is cheaper than Bitcoin. This can be a positive catalyst for Litecoin in the future. Furthermore, Charlie Lee has returned to Litecoin, and the cryptocurrency community believes this event can restore Litecoin's credibility as the pioneer of altcoins worldwide.

Continue Reading at Why Does Litecoin Fail to Compete with Other Altcoins?

Pioneered by former Google engineer Charlie Lee in 2011, Litecoin was initially formed out of curiosity. Lee replicated Bitcoin's blockchain network by adding an anti-hacking technology called Scrypt. This technology requires users to solve a puzzle before making a new transaction on the blockchain. Litecoin and Bitcoin use the same consensus algorithm, namely proof of work. They also both have a limited supply but with different amounts. 

Litecoin was designed to be a faster and more efficient version of Bitcoin. It has a shorter block time (2.5 minutes compared to Bitcoin's 10 minutes), which means that transactions are processed faster. Litecoin also has a larger total supply (84 million compared to Bitcoin's 21 million), which makes it more divisible and easier to use for smaller transactions.

Continue Reading at Why Does Litecoin Fail to Compete with Other Altcoins?

One thing that makes YouHodler stand out compared to other platforms that offer crypto lending borrowing is the variety of LTVs it requires. A loan borrowed from YouHodler may require placing a security deposit from 50% up to 90%. This is because YouHodler supports over 40+ digital assets as well as a wide range of fiat currencies, with loans that can be taken in either digital tokens or fiat money.

This variation extends to the fees or APR of the loan, as it is dictated by metrics such as what token is used as collateral, what asset you choose to receive as part of the loan, as well as the length of the borrowing term. If this sounds too complicated, don't worry. YouHodler provides a simple online calculator that informs you of the specifics of each metric.

Continue Reading at Best Platforms to Get Crypto Loans Instantly

Generally, you can choose by using the following methods:

• Pick an exchange that offers the stablecoin you want. This is the option you should take if you already have a preference for which stablecoin you'd like to buy.
• If you're already registered in a crypto exchange and you're okay with whichever stablecoin they provide, you can simply take a look at the list of stablecoins and research them. It is worth noting that some of the large crypto exchanges even have stablecoins that you could use, such as USD Coin by Coinbase, the Gemini Dollar by Gemini, and Binance USD by Binance.

Continue Reading at How to Avoid Stablecoin Risks