Written in CRYPTO he
He bitcoins is one of the virtual currencies most famous and attractive to thousands of investors given their characteristics and other attributes. However, there are other cryptocurrencies that may not be as popular, but that does not detract from their qualities to be excellent investment options. And if it’s about alternatives Litecoin (LT), a former currency that was once closely linked to bitcoin.
According to the most recent reports from the world of virtual currencies, Litecoin it is preparing a strategic movement that would help it gain a better position in the market, benefiting those investors who choose it as a digital currency, in addition to making it much more profitable and efficient.
Launched at the beginning of October 2011, Litecoin is a cryptocurrency and an open source software project, published under the MIT1 license, which was born from a cryptographic protocol that was not administered by any central authority, and that right in the middle of 2023 seems to be resurfacing to give us a big surprise.
The most recent information within the universe of cryptocurrencies reveals that the demand for Litecoin could be huge in the coming days, especially due to a recently developed novelty that will surely be of interest to more than one investor in digital currencies.
This is the metric by which Litecoin outperformed Bitcoin
This renaissance of Litecoin that surpassed the Bitcoin it is related to a very particular metric. What is it about? Litecoin futures derivative contracts, which have increased by up to 420 million dollars globally. This resulted in its growth exceeding 20% until the end of May 2023.
And what are futures? Well, they are financial contracts that require a buyer or seller to buy or sell an asset on a certain date and price at a certain time. This type of contract, within the world of cryptocurrenciesmakes it easier for investors and traders to forecast the price of a virtual currency, as is the case with Bitcoin or
Futures are derivative financial contracts that require a buyer or seller to buy or sell an asset at a predetermined date and price in the future. In the crypto market, futures contracts allow investors and Litecoin.
At the moment there have been speculations about the price or value of the Litecoin, which has been marked as greater than 100 dollars, this due to the rise in demand for the currency and its popularity of futures. According to the analyzes carried out around this cryptocurrencyit is estimated that its having would begin on August 10, under a block of number 2,140,000.
With this scenario, Litecoin could easily exceed the value and popularity of Bitcoin. Let’s wait to see how the figures move around each of these virtual currencies and that they are the investors in cryptocurrencies those who choose the best option.
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