The present downward trend in the digital currency market has investors and traders rethink the theories of their investment and look out for flaws in their portfolio. As the value of bitcoin has failed to improve, hosts of other digital currencies in the market are sharing in its loss.
However, some digital currencies are brave enough to stand out, make some reversals in the current situation, and support their investors. Such digital currencies are Litecoin (LTC) and EOS.
The Recent Performance of EOS
EOS is the most successful ICO ever. Even before its emergence in the market, it challenged Ethereum (the giant of Dapps) to become the preferred choice of developers developing smart contracts and Dapps using EOS.
In a video published by the EOS team, Dan Larimer, Brendan Blumer, and Bart Wyatt were talking about the future of EOS and its underlying tech being accepted everywhere by everyone. There are some speculations that the operations of the EOS platform is centralized and this has affected the value of the coin negatively, causing it to lose over seven percent of its value at the time of writing.
However, the CEO of EOS is indicating an upcoming amendment in the constitution of EOS, and this is expected to put the rumors regarding EOS being centralized to rest. The value of the coin will definitely recover, but it might have a hard time doing that.
The Performance of Litecoin (LTC)
The trading of Litecoin futures have given the market of Litecoin vitality and new hope and it was launched on June 22nd. Also, the Federal Reserve Bank of St. Louis recently announced to add 4 top digital currencies in the world to its database, the chosen coins are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum ETH, and Litecoin (LTC). This news also helped to increase the value of the digital currency from the current price slump in the market.
EOS and Litecoin (LTC) seems to have a lot of potential that could support its growth in the coming month, this makes them a great long-term investment options.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.