Walton has 13 years of experience in the crypto market. According to him, there are several reasons why he thinks Litecoin is currently one of the most solid investments in cryptocurrencies, even though it looks like Bitcoin is not going anywhere anytime soon.
The price of Litecoin recently surged by 100%. Currently, one-coin costs around $148.07.
Here are some of the reasons why Walton thinks Litecoin is a better investment than Bitcoin:
1. It’s faster and cheaper. The transaction cost with Litecoin is around $0.23, which means it takes less time to pay for an item if you’re using this currency instead of Bitcoin. According to Walton, Litecoin will handle all the possible transactions, which makes it an ideal investment even if Litecoin takes over Bitcoin.
2. Litecoin Segwit allows users to make payments at lower costs without any hassle. Walton says that therefore he thinks Litecoin is becoming increasingly popular among people who want to invest in cryptocurrencies because of the technology.
3. It’s the official currency of Bitcoin. Walton says that Litecoin is considered one of the best cryptocurrencies out there because it was created as an improvement on Bitcoin, meaning it has similar features and some improvements that might help it take over Bitcoin in various ways.
4. People are buying into it right now. Walton says that more and more people are buying Litecoin right now is one of the main reasons it’s an ideal investment.
One Ethereum coin costs around $3,808.25, according to Aurora-Coins broker. This might be considered a high price by some people, but there are several reasons why you should invest in it even if the cost seems high.
In November 2011, Vitalik Buterin published a white paper to a popular online publication called Bitcoin Magazine. The white paper proposed what eventually became the Ethereum network. He was motivated by a desire to create an alternative protocol for sharing information that wasn’t distributed in the same way as what Bitcoin offered. In this sense, he solved an underlying issue with blockchains: scalability. He created Ethereum’s platform-specific integrated scripting language (known as Solidity) with this problem in mind.
This language allows its users to deploy scripts on the blockchain and run them more efficiently than they’re able to do using a bitcoin scripting language. This is one of the first things that makes Ethereum different from Bitcoin or Litecoin.
The Ethereum blockchain is an open-source, public platform that defends against fraud by not allowing any censorship or modification of transactions. This means that once the transactions are on the blockchain, they cannot be changed. For this reason, you can rely on its blockchain technology to protect your data, making it one of the best options out there for investors who want to rely on the blockchain as a way of protecting their data.
1. Ethereum will be able to manage Dapps, says Walton. He thinks that this is one of the main reasons it’s considered one of the best alternatives for Bitcoin right now because it allows users to make transactions at lower costs without any hassle and makes them more efficient.
2. Walton says that Ethereum is better than Bitcoin because it has Ethereum Virtual Machine, which allows you to run various apps and software on the blockchain more efficiently, allowing people who want to invest in cryptocurrencies right now to make transactions faster without any hassle.
3. It’s faster than Litecoin when it comes to transactions, which means that it takes less time to pay for an item when using Ethereum compared to Litecoin.
4. Walton says that therefore he prefers Ethereum – because of its smart contracts feature. This allows people buying Ethereum coins right now to benefit from faster transactions without any hassle and ensures transparency in business relationships.
One of the most important questions that people have been asking for a long time now is whether Bitcoin will still be around for several years. For some, cryptocurrencies are just another fad that will eventually disappear. But it’s hard to ignore the fact that so many new investors are entering this market right now.
1. Walton says that Bitcoin has a limited supply of coins, which means that it’s more likely to gain value in the future. Therefore, there are so many people buying Bitcoins because they think it will be worth much more in the future, making them great investments right now.
2. The blockchain technology behind cryptocurrencies makes them more secure because transactions can’t be changed. This doesn’t apply to Ethereum, which means that people who want to invest in cryptocurrencies might rather do so with Bitcoin because of its security benefits.
3. Bitcoin is one of the most widely accepted cryptocurrencies right now, making it a great choice for investment options and alternative currencies compared to Ethereum.
4. Bitcoin has more computing power than Ethereum, which means that it’s easier for Bitcoin miners to mine new coins because they can do so using less energy and time. This also makes Bitcoin transactions faster without any hassle.
5. It takes longer for Ethereum to become profitable compared to Bitcoin, which is why people who want better ROI choose Bitcoin over Ethereum.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.