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BECOME A GROWTH HACKER! ARE YOU READY TO GROW YOUR BUSINESS Startups struggle with growth and getting customers.  Friday Morning Growth Hackers is a group of entrepreneurs, marketers, and anyone looking to grow.  Understanding the Lean Marketing Funnel, where you customers are in the funnel, and removing the bottlenecks to get them to the next stage.   This is an intimate in interactive session designed to help everyone become a growth hacker.   Bring your growth plans or We will help you make one! Our true north is growth. Weekly Friday morning working sessions. Bring your growth plans to work with the group, get advice, support and help others. What were last week’s tests and results, what are we tweaking and planning for next week, Plan the next weeks tests, With an emphasis on motivation, learning and accountability. Each week we will feature a different growth mentor. Led by Toronto's Startup Coach, the Growth Hack Toronto Friday morning session are designed to take your growth hacking game to the next level. If your a beginner, intermediate, or expert Growth Hacker these small working groups will have you running better growth experiments and getting customers all the way through your lean marketing funnel! This is a boardroom session space is very limited Book a One on One Session with The Startup Coach BROUGHT TO YOU BY:  TorontoStarts Toronto's Entrepreneur & Startup Community – Join Toronto's Most Active Startup Community Toronto Cryptocurrency Conference – Monthly bitcoin, cryptocurrency, & Blockchain events Startup Launch 8 Week Accelerator Program – Now taking applicants for the next Cohort Startup Social Open Pitch Open Bar Open Network (formerly Startup Drinks) Startup Pitch – Toronto's Premiere Quarterly Entrepreneur & Startup Pitch event Startup Coach – Workshops and One on One Entrepreneur Mentoring with The Startup Coach Workhaus – Coworking Space, Services, an Awesome Community & More
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Litecoin Has Outperformed Bitcoin in 2017, 8,000% Increase in Price

Litecoin has outperformed bitcoin in 2017, demonstrating a staggering 8,000 percent increase in price. While it still remains as the fifth largest cryptocurrency behind bitcoin Cash and Ripple, it has solidified itself as a leading digital currency.

Since January 1, the price of Litecoin has surged from $3.63 to $302, as its market cap increased from below $177 million to $16.4 billion. The market valuation of Litecoin is currently larger than that of bitcoin in the beginning of 2017.

Potential Factors Behind Rally

Over the past 12 months, the bitcoin dominance index has decreased from above 80 percent to 56 percent. Several analysts have attributed the decrease in the bitcoin dominance index to the migration of users from bitcoin to alternative cryptocurrencies (altcoins) such as Litecoin and Ethereum that have significantly lower transaction fees than bitcoin.

At the time of reporting, the median transaction fee of Litecoin is around $0.065, while Ethereum’s remain above $0.5. Due the high transaction fees of bitcoin, many users have started to utilize Litecoin to process cheaper and small transactions.

bitcoin Fees, a bitcoin transaction fee prediction platform developed by Earn.com (formerly 21 Inc) show that the fastest and cheapest transaction fee is 430 satoshis per byte, or 97,180 satoshis for median-size transaction. That is, a recommended fee of around $18.

When the size of the bitcoin mempool is below 50 million bytes or is relatively low, transactions can still be confirmed by miners with lower fees. But, when the size of the bitcoin mempool is larger than a hundred million bytes, without high fees, it is difficult to have transactions confirmed within 24 hours.

More users have begun to utilize Litecoin and other alternatives like Ethereum to process small transactions with cheaper fees, while relying on bitcoin as a robust store of value and safe haven asset.

Still, Litecoin creator and former Coinbase director of engineering Charlie Lee emphasized that it could take at least five years for general consumers to utilize bitcoin and litecoin in the real world.

“I think we’re still maybe five years away before people actually start using bitcoin and litecoin in real world use as a currency,” said Lee.

Where Does Litecoin Price Go in 2018

In consideration of the recent surge in the price of litecoin, Lee stated that he would be satisfied if the litecoin price stays in the $300 region by the end of 2018. That is a rather conservative prediction from Lee, as litecoin has increased by more than 83-fold year-to-date.

“I would be happy if litecoin stays at around $300 by the end of next year. It’s still very surprising how much it has grown this year. I never like to speculate on prices because I’m always wrong. If I tell you it’s going to go up and it doesn’t, you’ll be upset,” said Lee.

If more users continue to utilize litecoin for cheaper transactions and small payments, the user base and market valuation of litecoin will likely increase at a rapid rate throughout 2018.

The post Litecoin Has Outperformed Bitcoin in 2017, 8,000% Increase in Price appeared first on NEWSBTC.

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