Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.
https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now
Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.
https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now
Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.
Lightning network is a 3rd party offchain payment system , it also works with Litecoin or any other coin that included segwit.
Also fees are still variable with LN and each hub can charge additional fees and no one knows what the so called watch towers are going to charge.
I guess that ruins your theory as LN is not bitcoin only.
