There are several cryptos that have the fundamentals to gain mass adoption, on the basis of their capabilities. Two of these cryptos are Litecoin (LTC) and Nano (Nano). Both are great coins and if possible, it would be best to invest in both. But what if an investor doesn’t have enough resources and would like to invest in one of them, which one would make for a better investment? To come up with an answer to this, it is best to compare them on the basis of a few core parameters.
One of the best ways to compare them is in their performance in the last 1 year. In the last one year, Litecoin (LTC) has been the better performer of the two. If a person held Litecoin (LTC) for the last one year, they would be better off, than if they had invested in Nano (Nano) in the same period. While in finance past results are not always indicative of future performance, history does tend to repeat itself. As such, there is a good possibility that in the future, LTC could make higher gains that Nano.
A key factor that could see the value of Litecoin (LTC) rise faster is the upcoming block halving in 2019. This event could have a huge impact on the value of Litecoin. Nano doesn’t have such a major event in the horizon. As such, on the basis of price performance in the past, and the potential for the future, Litecoin is a better bet.
The second parameter for comparing the two is in terms of brand recognition in the market. While the technical aspects of a project are important, its brand presence in the market matters too. That’s why bitcoin (BTC) is still number one, even though it is not the most technically superior project in the market. On this parameter, Litecoin (LTC) is still a better bet.
That’s because as compared to Nano (Nano), it has a higher market presence. Litecoin has always positioned itself as silver, since Bitcoin is now considered by many as digital gold. As such, in a bull run, more money would most likely flow into Litecoin (LTC) than Nano (Nano). To add to this, Litecoin is listed on more exchanges, which makes it more accessible. This means that from a viewpoint of supply and demand, Litecoin could be better performer in the long-run.
But that’s not to say that Nano (Nano) will underperform in the long-run. It’s one of the few cryptos that have a huge chance for adoption. The fact that it is feeless, highly scalable and fast makes it a prime candidate for integration by merchants. It will without a doubt make huge gains in the future, as its use case begins to take shape.