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Ether (ETH) has outperformed Bitcoin (BTC) in terms of year-to-date market performance, rising more than 320% against BTC’s 54% returns. But, according to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin would soon catch up to Ether’s gains, which might even push its per-unit price to $100,000. “If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” the analyst tweeted on Aug. 9 as BTC price broke above… Source link

The entire ecosystem of LTC can be expressed as that of confusion because as of now, it might be losing market credibility. It does not reflect any fundamental development, the asset is yet to break above its 2017 high, and it is 15th in the rankings! Litecoin has definitely dropped down the pecking order but recent data and announcements continue to oppose the prevalent narrative. Litecoin: Sentiment scores still high? Source: sentifi According to a report shared with AMBCrypto, data… Source link

Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price has risen 5.82% to $160.74. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $144.14 to its current price.Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price rose 5.82% to $160.74. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $144.14 to its current price. As it stands right now, the… Source link

Riding on the back of Bitcoin’s surge to $45k, most of the alts started witnessing upticks. Interesting, at the time of writing, only 12 cryptos out of the top 100 reflected negative weekly returns. The remaining 88 seemed to be relishing their gains. Picking alts for your portfolio, at this juncture, might be pretty daunting. However, analyzing correlation, profitability and ownership distribution might help. Correlation  Historically, alts that have been more dependent on Bitcoin and… Source link

Etherchain, an Ethereum on-chain tracking tool, indicates that the leading smart contract platform has burned thousands of ETH just three days after implementing a crucial update. On August 5th, Ethereum officially launched the London hard fork, which consists of several Ethereum improvement proposals, including EIP-1559. The update introduces a fee-burning mechanism to the Ethereum network that permanently removes a certain amount of ETH from the circulating supply each time a… Source link

Ethereum is now six years old. But in that short time frame since its launch on July 30, 2015, a lot has happened. Ethereum has established itself as the most actively used blockchain network, while its native token, ether, is now the second-largest cryptocurrency by both market capitalization and daily volume. To mark its sixth birthday, we examine six reasons why ethereum has intrinsic value. 1) Smart Contract Capability Ethereum was built as a platform to run programmatic smart contracts and… Source link

Litecoin (LTC) is the number 15 cryptocurrency, which is nothing to scoff at. That said, it’s on the downturn since its all-time high valuation just three months ago. So, is Litecoin dead? Will LTC make a full recovery in 2021? Here’s the lowdown on the health of Litecoin, plus where it might go this year and later. Will Litecoin (LTC) recover in 2021? Litecoin (LTC) is on the rise at the time of writing. Although the price change is small at just +0.16% in the last 24 hours, this uptick… Source link

Bitcoin (BTC) hit $46,000 on Aug. 9 as macro factors failed to dent enthusiasm after 18% weekly gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $45,500 at the time of writing Monday. After reaching local highs overnight, Bitcoin saw a comedown as the new week began, but this quickly U-turned to produce a three-month peak of $46,090. With a correction yet to kick in, analysts were firmly bullish… Source link

Bitcoin or Litecoin: Which One Should You Choose? and are the gold and silver of the crypto industry. Bitcoin is the oldest, most popular currency but has a very limited supply. Litecoin is much faster, has more supply, and is easier to mine but it’s not as popular. A large number of people are interested in purchasing cryptocurrency. Although there are many, the most popular are Bitcoin, Litecoin, , and . Bitcoin is the most well-known, but is it the best option? Actually, each one… Source link