Litecoin is a little known diamond in the media. The price is currently at record highs. Cryptocurrency has been under the radar for quite some time. With the support of major players such as PayPal, the course is becoming increasingly established and offers great potential. Perhaps right now is the best time to buy some Litecoin .
The big advantage of Litecoin:
The cryptocurrency has a competitive advantage that should not be scoffed at! In contrast to many alternative products, this major coin also worked perfectly during the big rallies and higher investment volumes. Other cryptocurrencies such as Bitcoin or Ethereum stumbled when demand increased sharply. The oldest cryptocurrency after Bitcoin with a current price of over 60 US dollars has further potential to rise significantly with high stability. The course was able to remain very stable even in the exciting and volatile years 2017 to 2020 and was not subject to major price fluctuations like other cryptocurrencies.
Course fantasy thanks to the central banks having their own e-currency:
According to the recent plans of the main central banks around the world, the FED and the ECB, their own e-currency should possibly be introduced. These considerations provide further fantasy for Litecoin's price going forward. The background is the functionality of the network, which technically resembles the basic structure of Bitcoin. Litecoin is also transmitted with the help of open-source encryption and there is no central control. This development would result in a general shake-up of all cryptocurrencies, from which Litecoin can benefit.
With more privacy to further rising Litecoin prices!
Up to the high of around 280 US dollars in 2021, the course still has plenty of room for improvement. Compared to Bitcoin, the price is very undervalued, even up to the high price a few months ago, a return of over 300 percent is easily possible.
With the introduction of Mimble Wimble, more investors should become aware of the currency. This option protects privacy thanks to an additional protocol. The technically complex structure consists of two essential components: the transaction cut-through and the confidential transactions.
The transaction cut-through is the part that breaks down the individual components and mixes them several times so that clear differentiation is no longer possible. In the second step, the Confidential Transaction, the individual transactions are also concealed. This is done with the help of cryptographic methods. As a result, each individual user is significantly better protected and less transparent.
To put it simply, all data that is created and stored in the background is replaced by more or less blind data. Anonymity is increased and as a further advantage, individual actions can be scaled much better.
With increasing knowledge and acceptance of Mimble Wimble, Litecoin will become more and more interesting to other demand groups and will make up for the significant undervaluation compared to other cryptocurrencies such as Bitcoin thanks to the advantages.
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