Shytoshi Kusama makes enjoyable of Litecoin (LTC) in his tweet to Bloomberg Enterprise
Shytoshi Kusama, lead developer and one of many essential 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 possibility after Bitcoin (BTC) and Etherium (ETH) in relation to cryptocurrencies. Litecoin didn’t stand apart and responded to Kusama’s mockery with a comment that LTC needs to be the first on the checklist.
You are proper, needs to 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 moderately thought of a zombie coin on par with EOS and XRP. Whereas it as soon as was one of many high three cryptocurrencies, Litecoin is presently ranked twentieth by market capitalization at $3.9 billion, in response to CoinMarketCap.
Litecoin (LTC) experiences lack of demand and curiosity
Many crypto analysts imagine this is because of a particularly low demand and consumer curiosity within the Litecoin blockchain and the LTC token, respectively. Regardless of persevering with growth, common conferences and mining exercise, evidently Litecoin has by no means been capable of get out from underneath the shadow of its extra profitable opponents. The likes of SHIB and DOGE or SOL have merely overtaken LTC up to now couple of years, harnessing the ability of social media and fanning a global-scale hype.
On the identical time, few individuals 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 into extra non-public by hiding the sender’s title and the variety of tokens being despatched, however, consequently, 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 workforce 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.