Aside from Bitcoin (BTC), Litecoin (LTC) Ethereum (ETH) are also among the top-ranked and most-popular crypto assets today. Ethereum follows Bitcoin closely in the crypto market while Litecoin was introduced after Bitcoin was debuted.
It is wise for crypto investors to diversify their portfolios due to crypto’s volatility. It is also important to know about the tokens before investing in them.
This post will discuss which crypto asset to buy between Litecoin and Ethereum.
What is Litecoin?
Litecoin is a cryptocurrency designed with the intention to initiate easy transactions between parties. It is also created to remove the presence of ambiguities and enhance efficiencies at a lower rate.
LTC was created in 2011, two years after Bitcoin was debuted. It was created in the image of BTC but better in transaction fees and block form. Litecoin is useful in transferring coins without any central authority.
Today, LTC is ranked 22nd by CoinMarketCap. The current price is $106. 53 with a trading volume of $614, 335, 048. It has a market capitalization of 7, 407, 488, 026 USD.
What is Ethereum?
Ethereum is an open-ended blockchain platform that operates on the basis of numerous systematic algorithm calculations. Ether is the functional currency that operate on the platform.
Ethereum was created in 2015 and has since became one of the most popular crypto coins. As of today, Ethereum is ranked 2nd in the crypto market by CoinMarketCap.
It has a current price of $2, 558.97 with a trading volume of $1, 132,977,530 USD. It has a total market capitalization of 305, 506, 483, 094.
Differences Between Litecoin & Ethereum
Litecoin is one of the oldest asset in the crypto world as it was created in 2011 while Ethereum was launched in 2015.
Litecoin is a cryptocurrency built on blockchain technology while ETH is a platform. Ether is the cryptocurrency on Ethereum’s platform.
Although LTC was created to be smarter than BTC, it is however not as smart as Ethereum. ETH’s unique feature is its smart contracts that assist the Ether transaction to happen naturally.
Litecoin has a total supply of 84 million token which means there’ll be no more token in the future. ETH on the other hand has no supply limit. It would be mined for an indefinite period of time.
The average transaction of LTC is meagre, its around $0.04 per transaction. ETH is higher, its average transaction is around $0.85 per transaction.
The block time transaction of LTC is 2mins 19 secs. Although faster than that of BTC, it is much slower than that of ETH wit 15 secs.
Which To Buy Between Litecoin & Ethereum in 2022?
If you’re looking for which to buy between Litecoin and Ethereum, it is better to choose both coins. This is because each of these assets has merits and demerits.
To mitigate the risk the risk of losing all, it’s better to put eggs in your basket. This will help to make your investment safer, reduce risks and increase your chances of getting a better return in the near future.
Crypto assets are the most risky form of investments to put your money. It is very important to understand the coin and platform for your investment before investing.
Prestmit is one of the best peer-to-peer platforms for your crypto deals. Bitcoin, Litecoin, USDT and Dogecoin are all available here at good rates.
Also Read- Is It Safe To Invest In TRON (TRX)