Crypto investors may be paying attention to today's trading action. Litecoin-Cash (LCC) has recently reached the $ 0.01 level. Watching the circulating supply levels, the currency has a value of 601,530,707 with a market capitalization of 6,644,762. Over the last 24 hours, the volume reading is at 42.284. Scanning some historical price for Litecoin-Cash (LCC), we see that the cryptocurrency has moved 4.33% over the past 24 hours, and changed -2.26% over the prior 7 days.
Not only have Bitcoin and other cryptocurrencies been thrust into the spotlight, but I know the underlying blockchain technology. The pioneering technology depends on a continually updating public ledger that records transactions. Blockchain allows for the processing of transactions without a third-party intermediary. Using this technology for peer transactions, allows the buyer and seller to conduct business without the need for a payment processing company or a bank. Although there are many pros and cons associated, it is hard to deny that the technology has the potential to be an absolute game changer.
Although Bitcoin has dominated the crytpo space, there are plenty of alternatives. Names like Ethereum, Ripple, Litecoin, and Gnosis have been attracting quite a bit of attention. The digital currency will ever be close to the popularity and market cap of Bitcoin. Many investors may be watching from the sidelines as the crypto markets continue to gather steam. Because of the overwhelming nature and plethora of unknowns regarding cryptocurrency, investors may become stable before jumping into the ring. As the focus on Bitcoin and altcoins sharpens, investors may be looking for more information.
There are some notable disadvantages with the use of cryptocurrency. One drawback is that payments are irreversible. It may be impossible to dispose of a transaction and receive a refund for a purchase. A second drawback is that of a small number of companies that will accept payment using digital currency such as Bitcoin. This is not the case for the buyer. Another current concern is the loss of a digital wallet. If a currency is stored on a mobile device, it can be saved or tampered with.
