Shytoshi Kusama makes enjoyable of Litecoin (LTC) in his tweet to Bloomberg Enterprise
Shytoshi Kusama, lead developer and one of many most important actors of the Shiba Inu (SHIB) challenge, not too long ago addressed Bloomberg Enterprise with a request to cease referring to Litecoin (LTC) because the third choice after Bitcoin (BTC) and Etherium (ETH) with regards to cryptocurrencies. Litecoin didn’t stand apart and responded to Kusama’s mockery with a comment that LTC must be the first on the record.
You are proper, must be first.
— Litecoin (@litecoin) July 16, 2022
It was certainly like that when cryptocurrencies have been first gaining reputation again within the 2010s, however by now LTC is somewhat thought-about a zombie coin on par with EOS and XRP. Whereas it as soon as was one of many high three cryptocurrencies, Litecoin is at present ranked twentieth by market capitalization at $3.9 billion, in accordance with CoinMarketCap.
Litecoin (LTC) experiences lack of demand and curiosity
Many crypto analysts consider this is because of an especially low demand and person curiosity within the Litecoin blockchain and the LTC token, respectively. Regardless of persevering with improvement, common conferences and mining exercise, plainly Litecoin has by no means been in a position to get out from underneath the shadow of its extra profitable rivals. The likes of SHIB and DOGE or SOL have merely overtaken LTC previously couple of years, harnessing the ability of social media and fanning a global-scale hype.
On the identical time, few folks know that Litecoin stays virtually the one blockchain that has by no means stopped working, in contrast to the identical Solana (SOL). Litecoin additionally efficiently launched the MimbleWimble extension, which allowed it to turn out to be extra personal by hiding the sender’s identify and the variety of tokens being despatched, however, in consequence, main South Korean exchanges decided to delist LTC.
The estimate of three.9 billion appears very low for Litecoin, being such a time-proven crypto challenge, however its crew clearly must do one thing in regards to the market curiosity and the demand, in any other case LTC won’t ever handle to do away with the zombie challenge standing.