Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.
thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about
It has the utmost support of the Chinese miners which are the majority in litecoin. They have a small hardware making mining industry behind it. So they cannot let the coin die. We in the community have been praising ASIC resistant coins but maybe some kind of specialized hardware manufacturing industry behind a coin could also be good.