LITECOIN BREAKS ALL RECORDS
The last few months have seen the crypto-currency leader, Litecoin, break all records. In November, alone, the price of the popular digital currency rose from $45 USD to an all-time high of $90 USD, an unprecedented increase of 100%.
In the wake of this incredible feat, the Litecoin team have announced a variety of new ventures they are pursuing in order to further extend the reach of their platform. They are also planning to roll out a great number of new features, such as new algorithms, improved security protocols and more.
The implications of this unprecedented success have massive implications. Not only is it the largest growth of any digital currency to date, it also paves the way for other companies to follow suit. This is a huge step forward for decentralised finance, better known as DeFi, which is becoming increasingly popular around the world.
DeFi is a way of trading and exchanging currencies, assets and other forms of value allowing for people to trade peer-to-peer and remove middlemen, intermediaries and other outside interference from the equation. This new wave of decentralised finance is finally gaining traction and the success of Litecoin is just the beginning.
The rise of Litecoin marks a major shift in the way digital finance is handled. Companies are now able to build tools and applications to facilitate the transfer of value in ways that were not possible before. As increased competition and liquidity continues to enter the market, we are sure to see more DeFi platforms, protocols and networks come to life, changing the way we interact with money forever.
Litecoin’s success is certainly something to be celebrated. This breakthrough in decentralised finance signifies a movement in the right direction, paving the way for new and interesting developments that will effect the way we handle money and currencies. The future of digitalisation and DeFi certainly looks bright and we can’t wait to see what the future holds for this amazing technology.
Stay tuned for more in this fast-moving space and follow us for more updates and news on DeFi.