It's Saturday and we're back with our summary of the latest crypts of the week. We're pretty sure we've followed closely this week, even if you've lost the news, sit down and run through what has happened.
Referring first to the markets, as we have seen, the values have been quite stable. We are still inside this "January sale" when all prices seem to be particularly low. This is great if you're looking to invest, but for those just waiting for a perfect time to sell, it's easy to see why you might feel a little closed at the moment. Please, however, remember that as tempting as it is to buy cheaply, investment is risky. If you choose to invest in any cryptocurrency, you should do your research first and always remember to invest only what you can afford to lose.
This week, Stellar XLM and Litecoin have caused a stir at the Crypto Daily, let's have a look at what's going on!
According to reports, a number of fintech leaders and financial experts met to discuss the future of Stellar XLM. It seems that the general feelings for XLM are still bullish, thanks to the resemblance to Ripple XRP. Stellar XLM is considered the only major competitor for Ripple's XRP, which currently holds a monopoly on cross-border transactions.
For this reason, industry leaders believe that ultimately, when the adoption of XLM takes off, its price will simply increase thanks to the technology on which it is built.
As covered by Crypto Daily:
"Stellar Lumens will be one of the best gainers of 2019. In a recent report, they said Stellar will increase by a total of 84% by the beginning of February of this year and will reach a price of $ 0.21 The report also states that they believe the price of XLM will reach 41 cents by the end of 2019, which would leave the cryptocurrency with an overall increase of 260 percent.The leaders of the fintech in question are six professionals in the sector, although it is worth stating that they were not all in agreement with each in their estimates, but the survey simply averages the six forecasts of leaders on cryptocurrency ideas. "
Ok, this is a fairly courageous estimate considering that the beginning of February is not so far away. An increase of 84% would force XLM to a much more attractive price range, so we are a little bit skeptical about this. To add a bit of reinforcement to this rather wild clam, CEO of Digital Capital Management (one of the board's experts), Ben Ritchie highlighted why he is so optimistic about XLM:
"Ritchie said he does not see the time of two things coming this year, one of which is to see if the Bitcoin would increase if the S & P 500 started to fall even lower and the 39. other was the decoupling of Bitcoin cryptocurrencies.This is because most of them are still in the shadow of Bitcoin and therefore all follow what makes the main cryptocurrency in terms of price and more ".
Essentially, as the monopoly held by Bitcoin falls, it will open up space for the likes of Stellar XLM to conquer a huge chunk of the market.
Litecoin on the whole has been fairly quiet recently. Overall, 2018 was a bit disastrous for the Litecoin project and, therefore, the Foundation has worked hard behind the scenes to implement plans that will strengthen a much more positive future for Litecoin and their cryptocurrency. In December 2018, Litecoin reached a sponsorship agreement in a big UFC battle, UFC 232. In case you do not know, the UFC is a mixed martial arts competition that sees great popularity all over the world. UFC 232 has sold only 15,862 tickets, which shows how great this sponsorship agreement was – many people will have heard of Litecoin for this.
Since then, analyzes have been conducted on the overall impact of this sponsorship to see what impact it has had on the dissemination of the "Litecoin brand".
As covered by Crypto Daily:
"If we take a look at an analysis report of TweetBinder, the result of the research of Litecoin UFC has recorded a significant surge with over 40,697,646 impressions in the course of just one week which has the potential to reach 16,035,068 unique users, the result of this term or hashtag is estimated at around $ 80,000 in advertising cash. "
In addition, the Litecoin Foundation published more interesting statistics regarding the popularity of this agreement and found that its Twitter page recorded the following activity as a direct result of sponsorship:
Total Tweets: 10,402 tweets Total replies: 687 tweets Total Retweet: 7,327 retweets Total links / images: 1,935 tweets.
All in all, we can see how important this sponsorship agreement is and furthermore, we can see how powerful future sponsorship agreements of this magnitude could be. This is excellent news for Litecoin and for the adoption of Litecoin and, as a result, we can only expect the Litecoin Foundation to support major sporting events in the future.
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