- Upon the vast market, two crypots possess true value for investing and holding on the long run.
- Bitcoin (BTC) aka the ‘Digital Gold’ stands for the name itself.
- The next is altcoin, Litecoin (LTC) also now adored as the ‘Digital Silver’.
This opinion may possibly vary from one individual to another. However, this would provide concrete details on what would be the two best crypotos to hold for the long run.
Upon extensive research and market analysis, the etam narrowed down to two possible crypotos. One, being the king of crypots, the Bitcoin (BTC) and the other is the Litecoin (LTC).
Let’s take a deeper dive upon the possible reasons why these two for the long run!
Bitcoin (BTC)- The Digital Gold
As the name suggests for itself, it’s obvious that the BTC is the digitalized form of gold. True to the fact that the value of gold increases, so does the value of BTC enormously.
With first to light in the year 2009, brought to the world by the still anonymous Satoshi Nakamoto, the BTC evolution has completely changed the entire perspective of the world.
One of the major reasons why BTC is always a good asset is the credible nature of it. And so, there will be only 21 million BTC in the world and never ever more than that.
In addition, either it be a fact or a myth, the last BTC of these 21 million would be mined only by the year 2140.
In spite of all this, and the ever ending surge of the BTC, there’s no secondary thoughts for its other name, the Digital Gold!
Furthermore, on taking into consideration the year 2021 alone, BTC went from the range of $29K all the way to the present ATH of $66K. Right now, BTC is being traded at $48K, which is actually low due to the recent market crash.
Litecoin (LTC)- The Digital Silver
Many may be speculative upon why the LTC is being considered as the ‘Digital Silver’ though. Yet, it’s not to be forgotten that the man behind the LTC is Charlie Lee, an ex-employee of Google.
Besides, ever since it came out in the year 2014 and hit the market, it was priced at $3.33 only. However, with the passage of time, it hit its ATH of $386.45. And so at present LTC is being priced about $152.96.
Despite such lows, LTC will hit and set sail to high as another new ATH shortly. Furthermore, one of the major aspects why LTC is to be the Silver as BTC is to Gold is that, LTC is actually abundant compared to BTC.
In addition, LTC supply is said to be 84 million. Also, the mining rate of LTC is quite high, true to the fact new blocks are being created every 2.5 minutes upon the LTC blockchain.
