They say cryptocurrency is the next big thing and that sooner or later it will take over fiat. Perhaps, that’s not an easy task to come by, but each day it’s looking most likely to unfold before us eventually.
The reason is simple; every cryptocurrency is doing the best to place its nose forward and be regarded as the best. Currently, bitcoin is leading the way, and several cryptos are thrown into the system with Libra being the latest as Facebook stole the headlines with the centralized offering.
However, there’s one coin we can’t miss to notice, Litecoin (LTC). This year has been arguably the best for Litecoin, and still, it’s marching on well.
Physical Litecoin Card Launched
Litecoin physical debit card is here. The foundation in partnership with Bibox Exchange and Ternio has launched its debit card.
The cryptocurrency debit card dubbed “black card” will enable users to spend crypto funds both online as well as in the physical store locations across the globe. However, for now, the card will be rolled out in the US alone before other markets get hold of the card.
The card will enable customers to keep cryptos such as Bibox Token (BIX), Litecoin (LTC) and Ternio (TERN).
The project will see Bibox exchange act as custodian of the user’s funds as well as leverage over $200 million worth crypto trading volume. On the other hand, Ternio will provide a dedicated platform.
Several industry players have launched digital asset debit cards with Coinbase rolling out its Visa debit card in more than six European countries.
No looking back for LTC
Litecoin hit its high almost a week ago at $142 before it fell again. On Monday, LTC experienced some losses, but over 24 hours, it has regained the losses going past $135. Moreover, the daily volume also has increased to about $3.7 billion.
Currently, it has a market cap of $8.39 billion, which is twice more what it held during April. Generally, over one month, Litecoin has gained immensely about 50%, and with halving yet to come, there’re no signs of stopping.
The Future Looks Bright
Litecoin halving is merely 47 days away when miners look forward to their reward. As a result, volatility is expected. For now, Litecoin seems to be consolidating with critical areas expected to be around $120s with $107 a possibility as well.
But one thing is for sure, Litecoin is still going strong looking consolidate its position in the top ten cryptocurrencies.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.