After EOS pushed Litecoin from fifth to sixth in the CoinMarketCap ranking, the token disappeared from the headlines of the articles. However, some analysts have recently been predicting a sharp increase in the rate of Litecoin, reports Bitcoinist.
Analyst Gabriel Francisco of the TMT Blockchain Fund is confident that soon Litecoin will again attract attention. According to Francisco, more companies are planning to use the creation of Charlie Lee as the main means of payment.
Litecoin will also be one of the first crypto currencies that will actually become popular among consumers. And soon we will see a sharp jump in its price.
"Litecoin is preparing for a breakthrough. This crypto currency is often called the most stable crypto currency. At the moment, 84 million Litecoin coins are in circulation. This is four times more than bitcoin coins, and transactions in this crypto currency are also 4 times faster. In other words, bitcoin is gold, and Litecoin is silver, "said Gabriel Francisco.
He is also confident that in the near future bitcoin will continue to be used as the main asset for investors, while Litecoin will be the first crypto currency with a wide field of application.
"Litecoin will become one of the first crypto currency to be used to buy goods and services. This year Litecoin is likely to test its previous highs if it does not install new ones, "added Gabriel Francisco.
The Litecoin community is now conducting a special company called Pay with Litecoin, whose goal is to make this crypto currency popular for payment for goods and services, notes cryptofeed.
R_Block co-founder Luc Shipley predicts the rapid growth of the crypto currency in case of success of the Pay with Litecoin campaign. In his opinion, the coin will soon be able to win the third place in terms of capitalization on all kriptornke.
Team Litecoin has very ambitious goals. They have a good marketing department that promotes the idea of using their creations as a means of payment, Shipley said.
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