Business Maverick: Hottest Crypto Is Up 360% This Year and Its Name Isn’t Bitcoin

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Business Maverick: Hottest Crypto Is Up 360% This Year and Its Name Isn’t Bitcoin By Bloomberg

cryptocurrency trades on its platform, as is Fidelity Investments. AT&T Inc. now lets customers pay their bills using digital tokens, the first U.S. carrier to do so. And among the most anticipated developments is an upcoming announcement from Facebook Inc., which is reportedly set to release more details on the basics of its own digital token.

The elements behind the rally “are justifiable and real and factual,” said David Tawil, president of crypto hedge fund ProChain Capital. “It’s just a question by how much does it gain?,” he said. “Is it reasonable to think that this halving, this catalyst, should allow the Litecoin to reach its previous highs? I think so. I think it could.”: relatively few are using Bitcoin, the world’s largest cryptocurrency, for anything other than speculation. Merchant transactions account for only about 1.

After peaking in January 2018, Litecoin transactions are down dramatically, falling about 84% since the peak. They are up since the beginning of this year, however. And transaction fees in Litecoin have been unpredictable, jumping 10-fold in late May before dropping again, according to. Such volatility can make developers hesitate to create apps for this blockchain, as a jump in fees can impact usage.

 

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