- Following the proliferation of PEPE and WIF tokens, Litecoin has been rebranded as a meme coin.
- PEPE hit a brand new all-time excessive following Coinbase and Robinhood listings, whereas WIF soared 65%.
- Litecoin seeks blockchain uniformity within the face of accelerating regulatory stress.
Litecoin (LTC), a longtime cryptocurrency, has declared itself a meme coin whereas asserting unity inside the blockchain neighborhood to deal with regulatory challenges. The transfer comes amid a surge within the recognition of meme cash like Dogwifhat (WIF) and Pepe Coin (PEPE).
The hovering worth of meme cash intensified after WIF and PEPE had been listed on main US platforms reminiscent of Coinbase and Robinhood. PEPE soared over 200% to achieve an all-time excessive of $0.00002597. In the meantime, Solana-based meme coin Dogwifhat additionally made headlines after being listed on Coinbase, with its worth growing 65% in someday.
Towards this backdrop, Litecoin, a challenge that has existed since 2013 and was initially thought-about a full-fledged different to Bitcoin, has rebranded itself as a memecoin. This transfer seems to be a strategic try and capitalize on the memecoin's viral success and preserve relevance within the cryptocurrency market. The market responded favorably to Litecoin's playful rebranding, with LTC's worth growing by 21%.
Name for blockchain unification in struggle in opposition to regulation
In the meantime, Litecoin has taken this meme-inspired rebranding even additional. In a subsequent tweet, the Litecoin crew gave a shout-out to the broader crypto neighborhood, calling on them to come back collectively within the face of accelerating regulatory stress.
In a tweet, Litecoin inspired varied blockchain networks, together with Layer 1 and Layer 2, to unite in what it described as a “warfare in opposition to the machine.” The tweet frames the cryptocurrency ecosystem as a group of “memes,” suggesting that humor and shared identification might be highly effective instruments to drive change.
Litecoin requested Dogecoin, the primary true meme coin, to draft a “Meme Too” manifesto. This tweet gave Polygon the humorous job of connecting blockchain networks, whereas giving Solana the playful function of standing by and ready for the “ball.”
However behind the humor lies a severe tone. Litecoin's message instantly references regulatory challenges from our bodies just like the U.S. Securities and Alternate Fee (SEC) and policymakers like Sen. Elizabeth Warren, and requires collective motion in opposition to what seems to be overreach. confirmed resistance.
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