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Top 3 Cryptos, Not Named Bitcoin, Making Waves in June

As bitcoin price continues to hover around $8,000, some cryptocurrencies, namely Litecoin, LEO, and Binance Coin, have somewhat managed to steal the spotlight in recent days and are probably worth keeping an eye on in the short to medium term. 


Top 3 Cryptocurrencies: Litecoin (LTC)

Litecoin 00 managed to outperform all top 10 cryptocurrencies by means of market capitalization in the past 24 hours. Its price touched $120 which was an increase of around 12 percent.

However, Litecoin has since re-traced and is trading at around $115 at the time of this writing. Still, that’s about 5 percent increase on the day.

Litecoin’s performance throughout 2019 has been nothing but impressive so far. Since January 1st, LTC has gained around 300 percent.

More interestingly, the recent surge comes about 58 days prior to Litecoin’s halving event. It will cut the block reward from 25 to 12.5 coins per block, which could, in theory, catalyze a further increase in the cryptocurrency’s price.

LEO

LEO is relatively new on the market. It was issued through a private sale conducted by one of the popular cryptocurrency exchanges, Bitfinex. The event sold a total of $1 billion worth of LEO at the price of 1 USDT each.

At the time of this writing, LEO is trading at around $1.70, which is an increase of about 70 percent since its private sale. The cryptocurrency currently sits at a market cap of around $1.7 billion.

On the daily chart, LEO marks an increase of around 3 percent. According to LEO’s White Paper, iFinex will be doing regular repurchases and burns of the token on a monthly basis.

The company and its affiliates will buy back LEO tokens from the market equal to at least 27 percent of its gross revenues. The reducing supply, given the demand for the cryptocurrency remains the same, could also, in theory, keep its price moving higher.

Binance Coin (BNB)

This probably doesn’t come much as a surprise, but Binance Coin 00 continues to be on the watchlist of best-performing altcoins over the past year.

BNB has marked a slight increase of around 3 percent on the day. However, looking at the bigger picture, the cryptocurrency has surged more than 400 percent year-to-date.

Don’t be surprised if its increasing utility, particularly in Initial Exchange Offerings (IEOs), as well as the regular coin burns that reduce supply on the market, push its price to new all-time highs by the end of this year.

What do you think of these three altcoins and their performance so far? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock, TradingView

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LEOcoin Project Launches Mobile App on Android and iOS

Source: bitcoin

LEOcoin

LEOcoin, a cryptocurrency marketed towards entrepreneurs, has launched its mobile application for Android and iOS platforms.

Disclaimer: This article is sponsored by Bitcoin PR Buzz.

According to a press release, the app is informational in nature, providing users with educational resources on cryptocurrency and blockchain technology, as well as real-time data on LEOcoin itself.

The Learning Enterprises Organization (LEO)—the group behind LEOcoin— reported that, within the first days of its launch on Android and iOS, the application got over a thousand downloads

This mobile app comes as the cryptocurrency reportedly gains ground in the world’s major economies. According to the team behind the coin, their “LEO at the Great Wall” event in China during late September was well received, a press release stating that “entrepreneurs, bureaucrats and other important personalities” attended.

LEOcoin: Cryptocurrency for Entrepreneurs

 

LEO started this project with the intent to make a cryptocurrency tailored towards entrepreneurs and businesspeople. The coin advertises the same privacy, speed and security of bitcoin, but with a pure Proof of Stake algorithm that makes the network accessible to everyone.

According to LEO, the community surrounding the cryptocurrency project has grown to over 206,000 members, as well as a strong base of merchants supporting the use of the currency.

“LEOcoin has a huge potential as a cryptocurrency,” cryptocurrency expert Babic Mladen told press. “It is difficult to predict its growth in the immediate future. But, given that this is the next-generation means of payment, there is much to do in the field.”

Expressing optimism for the project, Mladen concluded, “In the long run, LEOcoin and the LEOcoin ecosystem will definitely make it to the top in terms of market cap.”

At press time, CoinGecko reported  LEOcoin to have a value of roughly $0.5 USD, with a total market cap of nearly $42.9 million.

What do you think of this cryptocurrency project? Let us know in the comments below.


 

 

Images courtesy of LEO.

The post LEOcoin Project Launches Mobile App on Android and iOS appeared first on Bitcoinist.net.

LEOcoin Project Launches Mobile App on Android and iOS

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