Litecoin (LTC) has had a few missteps in the past few months with the aborted launch of Litepay back in March. The latter was meant to revolutionize the use of cryptocurrencies for regular purchases of goods and services in a manner similar to using cash or your credit card. But due to unforeseeable difficulties in finding a card service provider that would be able to partner with the project, it had to be canceled.
However, the Abra Wallet, through its CEO Bill Barhydt, has pumped much needed renewed faith in Litecion by selecting it as Abra’s primary asset moving forward for their smart contract investing solutions. LTC was recently added to a growing list of supported cryptocurrencies on the app.
But is it a little bit too late for Litecoin (LTC)?
Some crypto enthusiasts say it will take a longer time for LTC to manage to hold its own once again. Others say LTC is dead. Perhaps it is time to look for another investment option due to the somewhat shaky recovery of LTC in the markets that has manifested itself by EOS edging it out of the number 5 spot on coinmarketcap.com.
Nano (NANO) is that new investment option. It reminds you of a young LTC when it was valued at $4 back in March 2017. NANO is currently valued at $4.16. The circulating supply of NANO stands at 133,248,289 and that of LTC is 56,754,673. This is a clear indicator that NANO might not make it to current levels of LTC that is trading at $120 at the moment of writing this. What is possible, is Nano to make reach around the $45 mark with time and adoption of the coin. Some price predictions have put NANO at $192 by the end of the year.
Either of the price predictions mentioned above is possible in the crypto-markets that continue to WOW us on a daily basis. One such example is the sudden resurgence of Bitcoin (BTC) to current levels of $7,527 at the moment of writing this, and after there were predictions that it would drop further below $7,000.
With respect to NANO, the coin and project are exceptional. Transactions on the Nano platform are free: no fees are charged. There is also available apps to store your Nano in the devices compatible with Android, iOS, Windows, Mac, and Linux. Also, if you are willing to start a node, you can do so by downloading the code to do so on their website.
It is with the above capabilities of Nano, that it is safe to say that we should forget Litecoin for now. We should turn our focus on Nano for it is the early bird who catches the worm.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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