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Tether (USDT) Flips Litecoin (LTC) In a Sign of the Times

Cryptocurrency, Litecoin (LTC), Tether (USDT)–As the crypto markets fall into another price rout to kick off the final month of the year, with the price of Bitcoin dropping below $3800, controversial stablecoin USDT has managed to flip Litecoin to become the seventh largest cryptocurrency by market capitalization.

Litecoin, the invention of industry mainstay Charlie Lee and often described as the silver to Bitcoin’s gold, has been in near continuous price fall since reaching an all time high of $350 in December 2017. While the coin has tracked value of Bitcoin closely over the year, moving in a similar direction as the number one currency by market capitalization, it was a series of related events that set off the precipitous price fall last December which led to the 91 percent drop in value.

The rise of Bitcoin Cash including the Coinbase listing fiasco led to a fast erosion of BTC pricing, as investors became unsure of which coin would reign supreme following the bull run. This had subsequent effects on LTC pricing, which, as previously mentioned, has typically moved in price alongside Bitcoin. In addition, founder Charlie Lee, who had established himself as an integral and beloved leader for the currency and community of LTC, announced he had sold his entire holding of the coin and would gradually be making efforts to distance himself from the project in an effort to promote decentralization. Charlie also made a series of Twitter posts cautioning investors to not get too greedy in the bull run, and to expect a severe bear market following that could last for several years (a prediction which has proven salient in the closing month of 2018.

While some came to the defense of Lee, stating that his actions would benefit Litecoin in the long-run by removing himself as the focal point for the currency, many investors felt that Lee had acted irresponsibly with his announcements, in particular given the timing of the sell-off coinciding with LTC reaching an all time high. The end result was a disastrous drop in price, similar to that experienced by nearly all altcoins throughout 2018, with the price of LTC extending well below what it traded for midway through last year.

Tether, the parent company behind USDT, has not been without its share of controversy this year despite seeing its token climb the ranks of market capitalization. USDT, unlike most cryptocurrencies, has its value pegged to that of a single U.S. dollar. While the currency is supposed to backed 1:1 with dollars held in reserve by Tether, a series of investigations and self-auditing has failed to provide definitive proof to investors, even with the company changing banks in November.

Given the severity of the bear market throughout 2018, it’s unsurprising that more development focus is switching away from market-valued cryptocurrencies to coins that provide similar features but with the price stability of an external source. Last month, EWN reported on a gold-backed stablecoin being featured in an article by Bloomberg on the the best investment advice for 2019. Just yesterday, Chinese crypto billionaire Li Xioalai provided an update on his position leading up a new stablecoin, despite previously making remarks that he would no longer invest in blockchain projects due to corruption.

While cryptocurrency adoption remains on the rise with most community members optimistic for 2019 and beyond, the rise of stablecoins could continue a trend that sees price-unstable coins, such as Bitcoin and Litecoin, failing to find favor for developers and those accepting the coins for marketplace transactions.

The post Tether (USDT) Flips Litecoin (LTC) In a Sign of the Times appeared first on Ethereum World News.

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Tether (USDT) Flips Litecoin (LTC) In a Sign of the Times

Cryptocurrency, Litecoin (LTC), Tether (USDT)–As the crypto markets fall into another price rout to kick off the final month of the year, with the price of Bitcoin dropping below $3800, controversial stablecoin USDT has managed to flip Litecoin to become the seventh largest cryptocurrency by market capitalization.

Litecoin, the invention of industry mainstay Charlie Lee and often described as the silver to Bitcoin’s gold, has been in near continuous price fall since reaching an all time high of $350 in December 2017. While the coin has tracked value of Bitcoin closely over the year, moving in a similar direction as the number one currency by market capitalization, it was a series of related events that set off the precipitous price fall last December which led to the 91 percent drop in value.

The rise of Bitcoin Cash including the Coinbase listing fiasco led to a fast erosion of BTC pricing, as investors became unsure of which coin would reign supreme following the bull run. This had subsequent effects on LTC pricing, which, as previously mentioned, has typically moved in price alongside Bitcoin. In addition, founder Charlie Lee, who had established himself as an integral and beloved leader for the currency and community of LTC, announced he had sold his entire holding of the coin and would gradually be making efforts to distance himself from the project in an effort to promote decentralization. Charlie also made a series of Twitter posts cautioning investors to not get too greedy in the bull run, and to expect a severe bear market following that could last for several years (a prediction which has proven salient in the closing month of 2018.

While some came to the defense of Lee, stating that his actions would benefit Litecoin in the long-run by removing himself as the focal point for the currency, many investors felt that Lee had acted irresponsibly with his announcements, in particular given the timing of the sell-off coinciding with LTC reaching an all time high. The end result was a disastrous drop in price, similar to that experienced by nearly all altcoins throughout 2018, with the price of LTC extending well below what it traded for midway through last year.

Tether, the parent company behind USDT, has not been without its share of controversy this year despite seeing its token climb the ranks of market capitalization. USDT, unlike most cryptocurrencies, has its value pegged to that of a single U.S. dollar. While the currency is supposed to backed 1:1 with dollars held in reserve by Tether, a series of investigations and self-auditing has failed to provide definitive proof to investors, even with the company changing banks in November.

Given the severity of the bear market throughout 2018, it’s unsurprising that more development focus is switching away from market-valued cryptocurrencies to coins that provide similar features but with the price stability of an external source. Last month, EWN reported on a gold-backed stablecoin being featured in an article by Bloomberg on the the best investment advice for 2019. Just yesterday, Chinese crypto billionaire Li Xioalai provided an update on his position leading up a new stablecoin, despite previously making remarks that he would no longer invest in blockchain projects due to corruption.

While cryptocurrency adoption remains on the rise with most community members optimistic for 2019 and beyond, the rise of stablecoins could continue a trend that sees price-unstable coins, such as Bitcoin and Litecoin, failing to find favor for developers and those accepting the coins for marketplace transactions.

The post Tether (USDT) Flips Litecoin (LTC) In a Sign of the Times appeared first on Ethereum World News.

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Litecoin Creator Bullish on Bitcoin, Advises Buying 1 BTC

Litecoin (LTC)–Litecoin creator, managing director of the Litecoin Foundation, and frequent media figure Charlie Lee has been a mainstay in the industry of cryptocurrency going back to the beginning of the decade. After graduating from MIT with a degree in Computer Science, Lee took the road to Silicon Valley and worked as an engineer with Google for most of the 2000s, including writing code for the Chrome OS.

In 2011, Lee became interested in Bitcoin, which led to part of his time at Google being spent working on developments related to blockchain. By the end of the year, he had created a fork of Bitcoin, which became the currency we know today as Litecoin. The idea behind Litecoin was simple: improve upon the groundwork laid by Bitcoin, and create a similar cryptocurrency that would serve as the perfect “testing ground” for BTC and crypto innovation. Lee focused on improving the transaction utility of Bitcoin, creating a currency with shorter confirmations, leading to faster transfer speeds and lower mining fees. In addition, he raised the max supply of the currency to four times that of Bitcoin, providing more liquidity to the market in addition to keeping the price per coin lower.

While Lee has been a strong proponent of his offspring currency, he has also maintained a role as a figure of authority and information in the space of cryptocurrency. After leaving Google in 2013, Lee took a position with U.S.-based exchange Coinbase, which eventually led to Litecoin being listed on their limited supply of cryptocurrencies (Lee contends he did not directly influence Coinbase’s decision to list LTC). Given his close relationship with both Litecoin and the cryptocurrency community, he shocked the industry last December when he announced he had sold his entire holding of LTC. Citing a conflict of interest in promoting Litecoin and LTC news, Lee argued that removing himself from a monetary relationship with the coin was in the best interest for its future.

“[W]henever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence.”

Instead, the market reacted as expected, sharply declining from an all time high of 370 USD before steadily dropping throughout 2018’s prolonged bear cycle.

Lee has continued to make headlines in the crypto space by making regular appearances on traditional media outlets, promoting the potential of cryptocurrency despite its volatility, and his continued efforts to support LTC through his position with the Litecoin Foundation. However, today Lee made a direct appeal to cryptocurrency investors by reminding them of the scarcity involved in Bitcoin, in addition to the wisdom of buying BTC over altcoins. Speaking in a Twitter post, the LTC Founder recommended all investors secure a full Bitcoin before looking to other currencies,

“There will be at most 21 million bitcoins in existence. There isn’t even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first. Once you have 1 BTC, buy all the s**tcoins you want!”

It’s not a surprise to hear Charlie Lee be bullish on the outlook of Bitcoin–he has been an industry supporter for many years which includes backing BTC–but it is surprising his investment advice neglects promoting his own currency at the expense of Bitcoin. However, this also reveals why much of the industry of crypto has found Charlie to be such an endearing figure: he has regularly put what is best for the industry ahead of his own promotion.

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Ethereum (ETH) is the Clear Winner, XRP and LTC Not Looking Good

A crypto hedge fund, Austin-located, called Multicoin Capital and supported by Chris Dixon, Andreessen Horowitz’s Marc Andreessen and Union Square Ventures is looking very forward to Ethereum and EOS while tanking down on Ripple and Litecoin.

Ethereum on the Lead

For now we are holding our position, we haven’t sold any. The EOS launch did not go as smoothly as we were hoping it would. All things considered, actually it hasn’t gone as badly as I think people say. […] I concur that it wasn’t as good as it should have been given the resources they had, so they made some mistakes, and slipped up. But on a long-term time horizon those are rounding errors, they don’t really matter. – Kyle Samani, Multicoin cofounder

Kyle Samani added the comments during and interview for Fortune’s Balancing Ledger as it was mentioned that the company will continue holding EOS even with the confusing launch.

But, without a doubt there are many that would choose a different route with EOS as its network and community was hit with negative news almost every day.

“People seem to forget, but Ethereum in its early days back in 2015 when the blockchain launched, it launched with no tooling, no infrastructure at all. People were really trying to beat this thing into the ground, and the system was pretty just challenging to use for quite some time. EOS was better than that.” – Samani

He compared the EOS crypto-independence to that of Ethereum with trouble of launch. However, now according to the co-founder the best bet to go is Ethereum as it remained steady in face of various competitors:

“If you told me to pick one token today and come back in 10 years, I’d pick Ethereum.”

However, even that his bullish standing point is strong towards cryptos with a blockchain based infrastructure, the same thought does not reach the silver coin Litecoin.

Litecoin in my view has no reason to exist. It was a fork of Bitcoin. It’s just been sitting around. The only investment thesis I’ve ever heard for Litecoin is it’s a testnet for Bitcoin, but that’s not an investment thesis.

Being relevant in the market has been quite tough for Litecoin since its credit card like payment system LitePay.

“It’s quite clear to us that Ripple is a security. We don’t know when that news is going to drop, but the catalysts seem to have kind of gone away from Ripple […] My point is, if Ripple is labeled a security formally by the SEC, all of the crypto exchanges are going to stop trading Ripple. So if that happens, liquidity is going to dry up on XRP and the price will plummet.”

On the same path, Samani highlighted to stay in a distance from Ripple, as he said it is for sure a security. But, Brad Garlinghouse – Ripple’s founder, strongly denies any claim that the token XRP is a security of any sort.

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Bitcoin Continues to Tumble – Fourth Price Slide in as Many Days, Down 18 Percent in Seven Days

It appears Bitcoin’s troubles are far from the over. The number one cryptocurrency has been enduring a difficult few days. BTC has so far declined by almost 18 percent in the last seven days.

Bitcoin Falls Below $6,500

BTC slipped further on June 13, falling below the $6,500 mark. This latest pullback follows the significant drop over the weekend that saw it lose 10 percent in a matter of hours on June 10. Bitcoin is currently at its lowest price level since April is trading at $6,450 according to CoinMarketCap. The number cryptocurrency has experienced four sharp price drops within mere hours since June 10. This bear run has seen BTC dip by more than 50 percent since the start of 2018.

Reasons for the Decline

In the immediate aftermath of the initial price drop on June 10, mainstream media sources claimed the dip was due to the Coinraill hack. The coincidental timing between the price decline and the announcement of the hack on the South Korea-based exchange platform likely led to those conclusions. However, such notions have since been debunked. To begin with, BTC wasn’t stolen in the Coinrail hack. Secondly, the platform doesn’t rank among one of the top exchanges in the market. Thus, it is unlikely that the $42 million hack had much to do with the recent price drop.

According to Mati Greenspan on eToro, the reduction in prices currently seen in the market is most likely due to a market correction, saying:

The narrative that such a small hack caused such a large price reaction has definitely been overplayed.

Some commentators also identified price manipulation as the probable cause of the BTC price decline. Recently, the U.S. Department of Justice (DOJ) opened investigations into alleged shady trading practices in the Bitcoin market. The DOJ in collaboration with the Commodity Futures Trading Commission (CFTC) is investigating allegations of spoofing and wash trading in the cryptocurrency market. The U.S. government recently demanded that four major crypto exchange platforms hand over information on their operations.

Cryptocurrency Market is Bleeding

Bitcoin isn’t the only cryptocurrency facing significant price troubles at the moment. Ethereum, the second-ranked cryptocurrency has gone below the $500 mark and is now trading at $475. EOS continues its spectacular fall – failure to reach voting consensus is delaying mainnet launch, and the price is in free-fall. EOS has maintained double-digit percentage losses over the past four days. It has declined 40 percent in the last one week.

Litecoin and Dash are two other cryptocurrencies that are having a rough time of it. Litecoin, the sixth-ranked coin is currently trading below $100, its lowest price level since mid-December 2017. As for Dash, it has been in free-fall since the start of the year, losing 300 percent in the process – reaching a one-year low.

How low will BTC prices fall due to the present bear run? Is this the end for Bitcoin or is there any rebound on the horizon? Keep the conversation going in the comment section below.

Image courtesy of CoinMarketCap.

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Litecoin (LTC) Community Optimistic With New LTC Listings on Exchanges

Not much has seemed to happen with Litecoin (LTC) with respect to news and buzz after the launch of Litepay was cancelled. Many had even stated that this was the beginning of the end for Litecoin as a project and as a coin in the markets. However, good news came with the CEO of Abra, Bill Barhydt, declaring that Litecoin would be its platform of choice for smart contracts moving forward. This announcement was made early in April this year.

To add to the above signs of rejuvenation of LTC, the Litecoin community has not lost faith and hope in the coin. As a matter of fact, the community is emphatic that Litecoin will be back to its winning ways with several new listings. @theliteschool was quick to point this out in a tweet on the 18th of May:

Here’s a recap of $LTC news in this week alone:

@GeminiDotCom to add #litecoin

@AbraGlobal opened LTC deposits

@The_Blocknet & @KomodoPlatform DEX’s add LTC

@openbazaar now allows P2P LTC trading

@toshi will add LTC

-Börse Stuttgart launched LTC trading.

This tweet indicates that Litecoin is expected to be listed on several exchanges. The first one is the Gemini Exchange that is owned by the Winkelvoss twins. The exchange made headlines when it announced that it would be listing ZCash (ZEC) and going ahead in offering trading pairs with the privacy coin.

With respect to Abra Global opening LTC deposits, the announcement was made only yesterday on twitter by the firm:

We now support direct #Litecoin deposits and withdrawals! You can now fund your account with LTC from an external wallet and invest in the 25 cryptocurrencies and 50+ fiat currencies on Abra. Please make sure your app is updated to the latest version!

The decentralized exchanges of The Blocknet and Komodo, can be confirmed by Ethereum World News as having listed LTC. The same applies to Open Bazaar, Toshi and Börse Stuttgart.

With respect to market performance, Litecoin is in the number 6 slot and according to coinmarketcap.com. The coin is currently trading at $134 and down 6.13% in 24 hours. Its marketcap is $9.2 Billion shy of that of EOS which is in the number 5 spot. A lot of work has to be done for LTC to reclaim a top 5 slot.

The news listings mentioned above, are surely to help boost the presence of LTC in the market and possibly increase its value back to the anticipated levels by the LTC community.

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Litecoin Becomes Compatible with the Blocknet Protocol and Prepares for Gemini Listing

Litecoin (LTC), one of the most important virtual currencies in the market, is now compatible with the Blocknet Protocol. This is very good news for the cryptocurrency environment because that means that the process of converting one crypto to other will become much easier.

Litecoin Compatible with Blocknet Protocol

Litecoin is a very used virtual currency. It has low fees, fast transactions, and the possibility to scale in case it is needed. Even when it has been adopted by several merchants and stores, it will require a bigger effort for it to be a real competitor to banks and cash transactions.

Moreover, trying to change one virtual currency for another has been a tedious process that exposes users to security risks. But this is something that is about to change now that there is a compatibility between Litecoin and the blocknet protocol.

Blocknet is a system that allows investors and cryptocurrency users, to exchange virtual currencies without the intervention of a third party. The process is completed via atomic swaps, meaning that anyone who has fiat or other cryptocurrency can easily exchange it for Litecoin without having to rely on third parties.

For merchants that’s a very important development. Because of this compatibility with blocknet, any vendor that accepts Litecoin payments, will now be able to offer customers the possibility to pay in fiat or other cryptocurrency which will be immediately converted into Litecoin through atomic swaps.

It is important to mention that nor the buyer, neither the merchant, need to know what is happening behind the transaction. The buyer will pay in his favourite currency, and the merchant will immediately receive Litecoin in his wallet.

Litecoin Listed on Gemini

The information about Litecoin being compatible with the blocknet protocol was not everything. The cryptocurrency has now been listed in another important – and regulated – virtual currency exchange known as Gemini.

The exchange is known for being one of the firsts compliant with all the existing regulations and banking standards in the industry, making it a very special cryptocurrency exchange. Additionally, the platform is owned by the Winklevoss twins that have been involved in the crypto world in the last years.

During this week, Zcash, an important privacy coin founded by Zooko Wilcox, has been listed in Gemini. Something that surprised even the most bullish crypto enthusiasts because a regulated exchange is accepting to list a privacy-focused coin.

But in addition to Zcash, Litecoin and Bitcoin Cash (BCH), have also been included. At the moment, there is no information about when LTC and BCH will go live on the Gemini exchange. This listing will help LTC to gain exposure in the market and increase its trading volume as soon as it gets listed.

It has been a very important week for Litecoin amid a bear market that has been affecting the whole crypto ecosystem. With the blocknet protocol compatibility and the listing at the Gemini exchange, Litecoin should have the necessary strength to recover the 5th place as the most important virtual currency in the market.

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Ethereum and Ripple are Securities, Bitcoin is Not, Predicts Expert

A former chairman of the Commodity Futures Trading Commission (CFTC) predicts Ether and Ripple could probably be classed as securities by the U.S Securities and Exchange Commission (SEC). Bitcoin, Litecoin and Bitcoin Cash, however, probably won’t be.

Gary Gensler was a partner at Goldman Sachs before becoming chairman of the CFTC between 2009 and 2014. He was one of the most feared regulators of the time, working to transform the derivatives markets at the centre of the 2008 financial crisis.  Gensler is now teaching blockchain technology at the Massachusetts Institute of Technology (MIT).

In an interview with The New York Times Gensler said of Ethereum and Ripple:

“There is a strong case for both of them — but particularly Ripple — that they are noncompliant securities.”

Bitcoin, however, should be exempt according to blockchain technology advocate Gensler.

“Over 1,000 previously issued initial coin offerings, and over 100 exchanges that offer ICOs, are going to need to sort out how to come into compliance with U.S. securities law.”

Gensler believes that although blockchain experiments are in their early stages, blockchain technology could replace many of the parts of the financial industry.

Cryptocurrency experts, Gensler included, believe Bitcoin will not be classed as a security because it didn’t originate from an ICO. The Bitcoin blockchain is also maintained by a decentralized group of developers. Litecoin and Monero are similar to Bitcoin in this way. He has also said that Ethereum could avoid the classification as Ethereum is now more decentralized, with no one body controlling its future.

Proponents and groups have argued Ethereum’s case with the U.S SEC. The head of the Ethereum Foundation, Aya Miyaguchi confirmed to The New York Times that the foundation:

“Neither controls the supply of, nor has the ability to issue Ether, and the quantity of Ether that the foundation holds (under 1 percent of all Ether) is already lower than that held by many other ecosystem participants.”

Ripple’s argument is weaker as Ripple hold most of the Ripple (XRP) tokens. A Ripple spokesperson, Tom Channick, said:

“XRP does not give its owners an interest or stake in Ripple, and they are not paid dividends. XRP exists independent of Ripple, was created before the company and will exist after it.”

If the U.S SEC decides certain coins are securities, the action will restrict U.S citizens from trading these coins on certain exchanges and could drive down the value of the regulated coins.

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Wirex To Produce Litecoin (LTC) Debit Card

Here comes another big news for Litecoin. The altcoin seems to be opting for another Debit card after it announced its partnership with TenX will soon produce a debit card in the name of the two company.  Just today, Charlie lee stated on twitter that another debit card for Litecoin is about to be produced courtesy of Wirex.

“Seems like another Litecoin debit card in the works. Not hyping… Just excited to see so many companies supporting Litecoin! #PayWithLitecoin

Although there has been no official announcement from Wirex. The financial firm, tagged crypto-friendly currency account is a renounce company dubbed by many as the most famous cryptocurrency wallets provider. With about 1.5 million users in over 130 countries, the crypto wallet provider is linked with physical and virtual VISA debit cards.

Tenx-Litecoin Partnership Will As Well Produce Debit Card.

The news that Litecoin is being added to Tenx does not come as a shock because from inception, the cryptocoin is living up to expectations as the 3rd most popular coin in America, according to a survey among 1000 millennial in the country.

Mr. Charlie Lee, the founder of Litecoin and ex-Director of Engineering at Coinbase, who disclosed this information on his Twitter page, revealed “TenX recently added LTC to their wallets, and we are working with them to launch a Litecoin debit card. Stay tuned for more information. LitePay who”?

Speaking on the development, Tenx team stated their happiness on the partnership, hoping it will step up their service.

“We are also excited to announce a new partnership; we have reached out to, and are working with the Litecoin Foundation to introduce a co-branded card for which more information will be available soon. We hope to become the preferred payment platform for fans and owners of Litecoin, and cannot wait to see you use our wallet and join the revolution”

Litecoin is no doubt a great coin to watch. The altcoin is doing fantastic in recent time. One very noticeable partnership it recently made is that with eGifter, a reputable gift cards platform.

In the last 24 hours, Litecoin has been recovering. It now trades at $139 according to Coinmarketcap. The reason for the increased value could be linked to a recent announcement that it is going to be listed on Korbit Exchange, one of the oldest Korean exchange.

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EOS (EOS) Edges Out Litecoin (LTC) From The Number 5 Spot

‘Is Litecoin (LTC) dead?’ ‘No. EOS (EOS) seems to be on steroids in the markets.’ The aforementioned words were part of a conversation on Telegram between myself and one of my crypto trading buddies less than an hour ago. Looking at the markets, EOS (EOS) is holding a good lead over Litecoin (LTC) with respect to market cap. EOS has seen a 31.78% value jump and is currently trading at $8.76. The EOS jump has been gradual in the last 24 hours, unlike Bitcoin’s that has happened in a span of less than one hour. One hour that is still causing awe in the Crypto-verse.

EOS’s market cap is higher than that of Litecoin by approximately $272 Million at the moment of writing this. This lead has enabled EOS to hold the number 5 spot behind regular competitors of Bitcoin, Ethereum, Ripple and Bitcoin Cash in their respective order on coinmarketcap.com

What could be the reason for EOS’ good run in the last 24 hours?

Firstly, and with respect to Litecoin (LTC), the coin and project has been bombarded by bad news and FUD for quite sometime now. From the news that Charlie Lee had sold all his Litecoin back in December, 2017; to Charlie being accused of pumping and dumping LTC for profit. He clearly defended himself by saying that he needed to focus more on the project rather than the price of LTC in the markets.

The final nail in the coffin for Litecoin seemed to have come when Litepay did not launch on February 26th with news of a postponement. Later on the project was cancelled completely. Charlie later apologized for the Litecoin team not doing its due diligence during the Litepay project. However, all is not lost for LTC for it has since partnered with Abra but the full effects of this partnership have been diluted by the Litepay saga. 

On the part of EOS, a few reasons could be pumping the coin.

Firstly, the EOS project recently released EOSIO Dawn 3.0 on Github. This is in anticipation of EOSIO 1.0 that is expected to grace the Crypto-verse in June this year. EOSIO 1.0 is anticipated as being the most powerful platform for building decentralized blockchain applications and is sure to challenge Ethereum for the title of platform of choice for Decentralized Applications and Smart contracts.

Past market performance of EOS can also be the reason behind the sudden rise of the token in the last 24 hours and its ability to dethrone Litecoin from the number 5 spot. Back in January 13th, EOS enjoyed a $18.16 value in the markets and seemed destined for great things with the backing of a large  and dedicated online community.

Perhaps it is time EOS became the new Ethereum as both a platform of choice for decentralized applications and at the number two spot in the markets.