The LTC price historically has direct correlation with BTC pricing. (LTC/Silver to BTC/Gold)
Typically, if BTC is up then LTC is up. If BTC is down then LTC is down.
Usually, not as drastic the negatives on the other Alt's. Like Steem right now -28%. Steem is a steal at close to $1. The lower value crypto are the first to dramatically sell off when the market turns.
LTC also has a lot going for it right now with faster transactions, Charlie Lee and the Asian markets have been buying it up at frenetic pace driving up the price.
DASH has significantly out performed ETH last 45 - 60 days where ETH has lost nearly half the value from the all time high of $390. I was and still am a big proponent of ETH.
A lot of the ETH price slippage has to do with the ICO's. People making millions in ETH for funding the ICO's. Then those people trying to cash it out in big chunks and tanking the market bringing down the price.
In my opinion, DASH is stronger and more stable right now with major announcements on the horizon. It is going to directly take on Paypal, Venmo and the like.
It is also going to be the crypto currency of choice for the African continent.
Dash is more of a long term store of value as currency being Proof of Stake where ETH is a smart contract platform that is Proof of Work that plans to be Proof of Stake.
ETH is also going to fork again at least once with Crispr and potentially again afterwards.
Both are great in the longer term. But I think ETH will see a lot more competition in the future from EOS & Tezos.
Next 45-60 days BTC, LTC, DASH are the better plays and less risk.
I would also look to pick up EOS, Bancor, LISK, PIVX, Aragon, Steem, ARK, SYS, VIACOIN, SIA, NXT, Waves, Decred, Golem. Discount sale right now.
The LTC price historically has direct correlation with BTC pricing. (LTC/Silver to BTC/Gold)
Typically, if BTC is up then LTC is up. If BTC is down then LTC is down.
Usually, not as drastic the negatives on the other Alt's. Like Steem right now -28%. Steem is a steal at close to $1. The lower value crypto are the first to dramatically sell off when the market turns.
LTC also has a lot going for it right now with faster transactions, Charlie Lee and the Asian markets have been buying it up at frenetic pace driving up the price.
DASH has significantly out performed ETH last 45 - 60 days where ETH has lost nearly half the value from the all time high of $390. I was and still am a big proponent of ETH.
A lot of the ETH price slippage has to do with the ICO's. People making millions in ETH for funding the ICO's. Then those people trying to cash it out in big chunks and tanking the market bringing down the price.
In my opinion, DASH is stronger and more stable right now with major announcements on the horizon. It is going to directly take on Paypal, Venmo and the like.
It is also going to be the crypto currency of choice for the African continent.
Dash is more of a long term store of value as currency being Proof of Stake where ETH is a smart contract platform that is Proof of Work that plans to be Proof of Stake.
ETH is also going to fork again at least once with Crispr and potentially again afterwards.
Both are great in the longer term. But I think ETH will see a lot more competition in the future from EOS & Tezos.
Next 45-60 days BTC, LTC, DASH are the better plays and less risk.
I would also look to pick up EOS, Bancor, LISK, PIVX, Aragon, Steem, ARK, SYS, VIACOIN, SIA, NXT, Waves, Decred, Golem. Discount sale right now.
I suspect that driva is part ethtrader...nice to have you here.