Litecoin [LTC] Summit to Host Famed Sport Personalities and US Politician

By Nivesh Rustgi
Published September 27, 2019 Updated September 27, 2019
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Litecoin [LTC] Summit to Host Famed Sport Personalities and US Politician

By Nivesh Rustgi
Published September 27, 2019 Updated September 27, 2019

Ron Paul, one of the most pro-active US politicians, former congressman and three times Presidential candidate will join the Litecoin [LTC] summit.

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The organizers have also listed famed sports personalities in UFC Fighter, Ben Askren and Nascar Driver – Landon Cassil.

Litecoin [LTC] Directing Focus in America?

The recent development made by the Litecoin Foundation suggests that the team is directing its focus to America. After becoming the official cryptocurrency for American Football team Miami Dolphins, the foundation is eyeing further popularity.

Ron Paul is a stern critic of the Federal Reserve and has long supported cryptocurrency innovation. The Foundation tweeted,

He’s a former congressman, presidential candidate, and literally wrote the book on ending the Fed. Don’t miss what crypto supporter @RonPaul has to say at the 2019 Litecoin Summit.

Furthermore, iconic figures from other American interests have also joined as speakers at the summit. CJ Sapong, an American football player, and Baseball star and hedge fund manager, Tyler Adkinson also made the list. The Foundation clearly seems to gain popularity in the USA.

The Summit will be held on 28th-29th October in Las Vegas. Besides, celebrities, the event will also host leading crypto figures in Anthony Pompliano, Samson Mow, Mati Greenspan, Michael Nye, and Wendy O.

Litecoin [LTC] Price

Litecoin [LTC] like most cryptocurrencies in facing bearish pressures as the moment. The currency rose to a yearly high of nearly $150, has fallen back to $55. A lot of the hysteria was caused due to Litecoin halving.

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LTC/USD 1-Day Chart on Bitstamp (TradingView)

The utility of Litecoin [LTC] is mostly focused as a medium of exchange and store of value. The transaction fees and block time in LTC are considerably lower than Bitcoin. Hence, it is more efficient to as a medium of exchange.

Nevertheless, it faces competition from numerous cryptocurrencies, including utility tokens and platforms like Ethereum and EOS. The efforts of the Foundation to increase adoption in the US could yield positive results in the future.

In the future, which cryptocurrency do you think will have high adoption as a medium of payment? Please share your views with us. 

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

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