The cryptocurrency market jumped yesterday, as Bitcoin (BTC) rose $1,000 in under 60 minutes. Today, we’re taking a look at Litecoin (LTC), IOTA, and NEM (XEM), who has also been making a splash on the market in the last 24 hours.
Yesterday, Silicon Valley VC tech mogul, Tim Draper, made a bold prediction that BTC would reach $250,000 by 2022. Back in 2015, he predicted that Bitcoin would reach $10,000 by the end of 2017 and he was right. Could he be right about this? Tom Lee, Fundstrat Global Advisors co-founder, yesterday repeated his bullish forecast of the price of BTC. Lee told CNBC that the digital token could reach $25,000, in 8 months.
If all these predictions are true, the market as a whole is predicted to rise. Bitcoin currently holds 41.9% dominance of the entire cryptocurrency market. Let’s look at the coins that were positively affected by yesterday’s market movements and updates to their current projects.
After the LitePay debacle, it seems the Litecoin Foundation had to do something about it. The TenX wallet started supporting Litecoin last week but the exciting part is a Litecoin debit card is back in the works. I know, I know, our hopes were crushed before, but TenX already has a card equipped to send cryptocurrency anytime, anywhere.
It seems that LTCPay.com is up and working allowing individuals to accept LTC payments to their own wallet conveniently.
It seems the team has been busy cleaning up after LitePay. If you were thinking of diversifying your crypto portfolio and have been debating adding LTC, now may be a good time.
At press time, LTC is trading at $131.21 a coin, up 8.28%, in 24 hours.
Yesterday, IOTA’s main Twitter page retweeted DXC’s presentation of IOTA that will be held on April 23-27. DXC is a large IT company that provides information technology (IT) services and solutions. The company currently holds 150,000 employees dispersed across 70 countries. DXC currently serves over 6,000 clients and hold partnerships with Amazon Web Services, AT&T, Dell, HPE, IBM, and Microsoft.
This is huge news for the adoption of Tangle and MIOTA.
At press time, MIOTA is trading at $1.47 a coin, up 22%, in 24 hours. In the last 48 hours, or so, MIOTA has risen nearly 40%.
>> Coins to Buy: EOS, ADA, TRX
Three days ago, Pundi X announced their partnership with the NEM foundation making the first NEM-based point-of-sale terminal. Currently, Pundi X is planning on delivering 20,000 units to the NEM team shorts.
“NEM and Pundi X are working together to tackle one of the biggest challenges facing all blockchain developers and their users — making it accessible for mainstream consumers to use in their daily lives. For the first time, NEM-based tokens will come to the storefront for mainstream adoption.”
At press time, XEM is trading at $0.299 a coin, up 16.23%, in 24 hours.