Charlie Lee, Litecoin creator, attended the Litecoin Summit 2018. There, he revealed his top altcoin picks out of the bunch. Lee chose Litecoin, Monero, and Decred. The event was hosted in San Francisco and was the first ever Litecoin summit.
It was available on TV and Naomi Brockwell was featured on the show and a few other popular speakers in the space, including Adam Draper, Alex Bosworth, Michael Ou, and Elizabeth Stark. They were asked for their top picks alongside Lee.
Litecoin (LTC) is the coin he created, so it’d be obviously bad for press if he didn’t go with his own coin. But then again, he sold all of it in the first place to prevent any conflict of interest. LTC is a Bitcoin fork P2P cryptocurrency designed for everyday purchases.
Monero is designed for anonymity and to be completely untraceable as a digital coin.
Decred (DCR) is similar to Litecoin and has several new features to solve blockchain regulations and governance. The developers who created Decred executed an atomic swap between Decred and Litecoin in September of last year.
Hey, @decredproject folks! @ChangeNOW_io is glad to remind y'all that $DCR is available for quick & easy swaps with 150+ cryptos! Check out our video guide to learn how to exchange #DCR on YouTube and try out the real deal on https://t.co/Dqh15G5R2q 😉 https://t.co/LbzzaJgUVp
— ChangeNOW (@ChangeNOW_io) September 17, 2018
Lee was asked what type of investment he’d particularly avoid. He said he’s on the lookout for ICOs, saying that “a lot of them are scams and a lot of them are set up to fail due to the incentive structures.”
Lee isn’t the only one who’s cautions of ICOs. Britvr, a popular crypto online personality also believes that ICOs should be avoided for now until the market goes bullish for now. Other famous people in the space were asked the same question. Their picks are revealed in the following video:
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