Analytics Made Easy - StatCounter
Creator of Litecoin (LTC), Charlie Lee, Reveals His Top Picks for Altcoins

Creator of Litecoin (LTC), Charlie Lee, Reveals His Top Picks for Altcoins

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.

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:

Been in the game for 2 years but I still consider myself a rookie. There’s way too much info out there for anyone to comprehend, so I try to get only the best news on cryptoculture and new currency that’s coming out in the world of Bitcoin and cryptocurrency. I’m here to share my thoughts on what could be the answers to many of the world’s financial issues. Contact me with tips!

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

What do you think?