CANBERRA, Australia – Cryptocurrency watchers anticipate a tight match for Cardano (ADA) vs. Litecoin (LTC). Litecoin has proven its mettle in spite of strong competition from other cryptocurrencies lately. Its competitors, EOS (EOS) and Cardano (ADA), may have attempted to topple LTC but have not done so due to positive market bellwethers.
Cardano (ADA) has been a growing initiative, running the blockchain for the ADA token. With ADA’s current trading price of $0.27, Cardano has been a solid platform with impressive dApps and smart contract targets. The Shelley initiative is expected to be another tailwind.
Nevertheless, the Cardano (ADA) vs. Litecoin (LTC) contest has continued with LTC gaining ground more than the other coins. The upward movement in its price graph makes it poised for mainstream success like that of Bitcoin, Ethereum, and Ripple.
Additionally, LTC is highly likely to be the selected currency for digital payments. In spite of its trading price slumping to almost $100 in the first quarter of 2018, the token has remained defiant, picking up a bullish trend. A main tailwind for LTC these days is its unprecedented enlistment in world coin exchanges, particularly Korbit.
South Korea’s Bitcoin exchange, Korbit, is one of the mainstream virtual currency sites. Given its significant role in the cryptocurrency industry, Korbit has boosted LTC’s value. Trading at $140.29 at the time of writing, LTC’s price has climbed up to 6% upon commencement of trading. Further exposure is also seen especially in South Korea, one of the largest electronic money markets.
Litecoin’s founder, Charlie Lee, is quite pleased with this development for his cyber-currency creation. In a celebratory mood, he declared in his official Twitter page that over a hundred LTC tokens will be distributed to top trading addresses within the week, in light of the Korbit listing.
Finally, two popular cryptocurrency wallet developers, Wirex and TenX, share similar ideas for developing a Litecoin debit card. If this comes together with other progressive developments for Litecoin, the future looks more promising for this cryptocurrency. The lightning-fast, successful enhancement initiatives under way for LTC give it the upper hand in the Cardano (ADA) vs. Litecoin (LTC) rivalry.