Ripple (XRP) and Litecoin (LTC) Down – Upside Ahead?
May 10, 2018 9:44 am,
Ripple and Litecoin are not much going on in the cryptocurrency world. Currently, the entire market is sitting just over $430 billion with $22 billion in trading volume within the last 24 hours. The only news currently circulating that remains unsurprising to most is that Bill Gates and Warren Buffett are still slamming cryptocurrency. Let’s be real here, their wealth can’t be denied, but the two are clearly stuck in their traditional ways. Mr. Buffett was CLEARLY wrong about his initial assumptions about Amazon and Google and has even said so himself. The “FUD” has simmered off after the twentieth comment the pair has made and it seems their opinions have now zero effect on investor confidence.
Let’s take a closer look at a pair of coins just under the green this morning and their latest updates.
The Ripple coin is also known as XRP. There are no new developments regarding the class-action lawsuit filed against Ripple (XRP) Labs. Since these things take a considerable amount of time, I don’t expect to hear much anytime soon; especially since the SEC ultimately decides the lawsuit’s outcome.
The team behind Ripple seem unphased by the lawsuit as this week they are holding YPO Innovation Week at their headquarters.
Ripple’s CEO, Brad Garling house, spoke at the event and said:
“At its core Ripple is a technology company leveraging digital assets to solve a global payments problem. We believe payments are foundational to any use case so we’re starting there.”
The Litecoin is also known as (LTC). Litecoin Foundation is embarked on a new campaign to expand their reach and influence. #PayWithLitecoin and #LiteCoinAcceptedHere are flooding Twitter lately. The goal behind the latest campaign is to inspire businesses to accept Litecoin into their day-to-day operations.
Litecoin enthusiast Jon Moore even put together a mock-up for local businesses in his area to integrate Litecoin payment.