As everyone knows Litecoin was disappointing on this bull run thus far. It barely reached, or relying on who you ask as a result of we apparently have two ATHs lol, did not attain it. Regardless of this, Litecoin remains to be our favourite little Chikun to hate or love. Listed here are my motive to adore it beginning with the most recent info.
FRIENDS NOT ENEMIES:
Litecoin has consistently been marketed because the Silver to Bitcoin’s gold. I do know lots of people hate this advertising and marketing, however it’s what has caught round and can proceed to stay round. Litecoin has continued to be a oscillator of grandpa bitcoin, and their futures will observe the identical path. Litecoin has persistently been disrespected by BTC hodlers for being a clone of bitcoin. The quicker transactions, decrease charges, and elevated coin provide is not what makes litecoin higher, it is what makes bitcoin higher. Let me clarify. Bitcoin is clearly the og of each crypto venture on the market. It is the grandpa of the household, the previous man that instructions respect and would be the first one to say his opinion on one thing. Litecoin is grandpa’s annoying son who helps him pay his payments on-line. What I imply right here is, Bitcoin’s charges and sluggish transactions should not a discredit to the venture, however a change of use case. The folks seeking to spend Bitcoin can be higher off making huge cost quantities like shopping for homes, boats, lambos, and jets. Whereas litecoin is healthier suited to SUPPORTING bitcoin hodlers with purchases like bubblegum, condoms, and meals along with your sister’s finest pal. We’re a group guys. We’re the early adopters. If bitcoin succeeds, all of us succeed.
NEW ACTIVITY:
The truth that we have now 4x the quantity of ACTIVE addresses than we did 7 months in the past, is astounding. 340,000 a day. Does this really sound like a useless coin to you? Do that really present no use case? I am going to allow you to resolve.
Market Share of Non BTC/ETH
PUBLICITY:
Litecoin repeatedly makes appearances in locations you’d by no means anticipate. From Nascar drivers to MMA fighters, litecoin is placing it is title on the market. I will be the primary one to acknowledge that Litecoin would not have the apex predator of selling groups on the market, however it’s spectacular that after 10 years of existence, we’ve not failed just like the hundreds of tasks which have.
GRAYSCALE:
In the event you’ve been within the Litecoin Markets sub for greater than 1 day, you will know that is probably the most hopium concentrated information that we anticipate will present a giant bang. Grayscale has repeatedly loaded up on LTC this complete time. They purchased LTC throughout it is $400 run, they purchased LTC earlier than and after the spike. Cash this huge can afford to be flawed in some areas, however not THIS flawed. I anticipate huge issues will occur sooner or later with Litecoin’s value, and the those who disrespect the Chikun could be a bit of salty.
The Fundamentals:
Anatomy of the Chikun
-
10+ years of existence
-
100% uptime
-
Quick Transactions
-
Low Charges
-
Obtainable on each platform that BTC is on, even paypal.
-
Establishments love boring, however working monetary tasks.
-
Mweb, an non-obligatory privateness characteristic coming quickly.
-
Flare Community integration
-
Many extra
THE FUD:
Darth Lee assembly Emperor Yang
And at last to handle the titan degree fud that may by no means escape litecoin till everybody on this technology dies, sure Charlie Lee bought pretty mined litecoin. No matter his motive was for doing so, whether or not you assume he’s evil incarnate and scammed everybody or really wished to have decentralized foreign money, it is as much as you. However what we do not see is identical fud being utilized to different tasks. Ethereum creator, Vitalik and “managers” premined over 70 million ethereum and bought turning into a billionaire. How this is not worse than promoting your pretty mined cash and tweeting that you just had been going to, is past me. That’s not to say Vitalik was flawed for doing something! I’d be Charlie Lee and Vitalik in a heartbeat. However regardless of the popularity stain that hasn’t left him, Charlie has been engaged on Litecoin ever since. He has by no means left the venture, and is the primary motive Litecoin is accepted on each platform Bitcoin is. It is aside of the OG listings, and would be the solely coin with paypal that has privateness options. I feel Charlie has kind of paid for his sins, and the fud won’t change Litecoin’s fundamentals in 10 years.
Conclusion:
Bitcoin and Litecoin are my largest holdings in Crypto. I like the communities surrounding them with each fiber of my being. We’re the early adopters. We’re future Lamborghini holders. I actually assume that everybody must take a step again, and ask your self should you really hate Litecoin or do you simply disagree with Charlie Lee, as a result of I actually imagine that Litecoin and Bitcoin will shock many individuals within the close to future.
