If you're not already doing so, load up on Litecoin. It obviously has some things going for it right now, but there is one additional piece of information that can help you if you're sitting on the fence. You're aware of all the ICO's that are coming at us from every direction, right? If you're not aware, many ICO's started demanding payment in Ethereum, and this has contributed greatly to the increase in Ethereum's price and market cap. This is because in order to buy the ICO's in question, people have to first purchase Ethereum. And when they do, they're buying on the open market in exchanges, pushing the price up.
So, the word is that by this fall, ICO's are going to start demanding payment also in Litecoin. This is a very big deal. It practically ensures an increase in Litecoin value as those investing in ICO's buy it up for their ICO purchases.
Because Ethereum is already benefitting from this ICO demand, you might consider buying up both Litecoin AND Ethereum. By doing so, you increase the odds of having gains now with Ethereum while you wait for the Litecoin/ICO duo to kick in. Don't just stop there though. After loading up, you're going to want to continue keeping an eye on both of these coins as well as which ICO's are demanding which coins for payment. It stands to reason that Litecoin will encroach on Ethereum's ICO advantage and take away some of that pricing momentum. Based on this, there may be a time when you want to start selling off your Ethereum and buying up more Litecoin. Or just keep them both since the fundamentals are strong. It's impossible to say exactly how this scenario will play out, so watch, observe, and decide for yourself what your best strategy should be as things progress.
Naturally, you'll also want to take note of any other coins down the road that become accepted forms of payment for ICO's in order to take advantage of the same scenario all over again.
As of this writing, Litecoin is $47.69. With current momentum and the ICO advantage, we should be seeing triple-digit values around the corner.
Great news. I hope it really happens. Thanks for sharing:).!
My pleasure Shimelin!
Do you have any references for this?
It's coming from a linguistic data dump.
Clif Highs webbot?
Great Post! Have you looked into Waves? Seems there will be plenty of upcoming ICOs on that platform as well. Ya?
Everything that Waves can do, Ethereum can do, so not a huge difference, and Ethereum has the first deployment advantage. Although, I must say I like the idea of Waves being proof of stake and offering a node if you hold 10,000 Waves coins. I don't hold at this time, but that could change.
It appears as if you are correct. Here come the ICOs.