Litecoin’s market capitalization rose to $6 billion – analysts predict growth for this utilitarian coin

According to data provided by Glassnode, Litecoin’s 7-day moving average of daily transactions hit a record high of nearly 500,000 on May 14 before dropping to around 220,000 as of Wednesday, still double its early 2023 levels.

Instead of increasing, however, transaction prices have dropped significantly. According to Glassnode data, commissions dropped from 0.00013 LTC in mid-April to a record low of 0.00004 LTC by mid-May and haven’t risen much from those levels.

Litecoin could gain further traction as a means of payment due to its high transaction speeds and low fees, as already evidenced by the growing use of the cryptocurrency on crypto-payment platform BitPay.

An alternative to Litecoin (LTC) is DeeLance (DLANCE)

Wise investors usually consider diversifying their crypto portfolio with projects that feature a higher probability of short-term profits.

One high-risk, high-reward investment strategy that some investors participate in is pre-selling digital assets. This is where traders can buy tokens of nascent crypto projects to fund their development.

These assets are almost always sold very cheaply. A lot of successful pre-sale cases making huge profits for their early investors speak for themselves.

Behind many of these projects are fantastic teams and a desire to create a revolutionary crypto application or platform. These projects have the risk/reward ratio of their pre-sale investments working in the trader’s favor.

What is DeeLance (DLANCE)?

An innovative new Web3 project called DeeLance is working on creating a meta-universe based on crypto and NFT. The project has set a goal to move the labor market to blockchain.

DeeLance, which is being advertised as one of the hottest crypto startups of 2023, is developing a meta-universe that connects freelancers and employers. It promises to change remote work forever, as well as the $761 billion dollar recruiting sector.

Using the decentralization and transparency of blockchain, DeeLance wants to eliminate middlemen like Fiverr and Upwork that have abused the trust of freelancers and employers alike over the past decade.

DeeLance has already caused a huge stir in Web3 circles. Some contributors believe it has the potential to turn the Web2 sector-centric freelancing economy upside down. The project has already raised a whopping $1.29 million dollars in just a few weeks since the launch of the $DLANCE token presale.

DeeLance also recently received a whopping $1.12 million investment from leading venture capital firm Bitgert Ventures. This is a sign that even big companies have taken notice of the great potential of the project.

Investors should go ahead and buy the tokens because when the presale reaches $1.7 million, the price will rise from its current cheap level to $0.038. Considering that DLANCE will debut on major cryptocurrency exchanges later this year at a price of $0.57, investors who make a decision now could realize a profit of around 50%.

Adding to the tension is DeeLance’s massive $500,000 $DLANCE token giveaway contest. The top five wallets that buy the most $DLANCE dollars before the end of the fourth phase of the presale will get a share in $DLANCE tokens.