The "Silver to Bitcoin's Gold" has been out of the spotlight for quite time. I'm surprised this is happening with LTC since worthless coins like Dogecoin and SHIBA are getting all of the attention in the mainstream world. Unlike the aforementioned coins, Litecoin with only 84 million coins that will ever exist. One thing for sure is that Litecoin is faster and cheaper than Bitcoin. If DOGE went all the way from being worth nothing all the way to nearly $1 per coin, then Litecoin can do much more than that.
Last time I've checked, LTC developers announced the "Mimblewimble" privacy technique. I don't know if it's already been implemented since I haven't been catching up with the project's progress. Adding new features to a Blockchain should make the underlying cryptocurrency soar all the way to the moon. Yet, nothing is happening as LTC remains stagnant in price.
Am I missing something here? What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin? Your input will be greatly appreciated. Thank you very much.
Last time I've checked, LTC developers announced the "Mimblewimble" privacy technique. I don't know if it's already been implemented since I haven't been catching up with the project's progress. Adding new features to a Blockchain should make the underlying cryptocurrency soar all the way to the moon. Yet, nothing is happening as LTC remains stagnant in price.
Am I missing something here? What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin? Your input will be greatly appreciated. Thank you very much.
To begin with, if you notice the attention channelled to Dogecoin and its likes happened with the bull run, secondly for the case of Dogecoin, attention paid to it was caused by a prominent person hence driving unfathomable hype to the coin which of course spiked the growth. This then brings us to the fact that, hype is one of the big things that matters in the growth of any project just as fud can also cause a downfall of a project unless it is a definitely strong one. So in essence, Dogecoin grew because of hype and since people understood what that means in relation to price they followed along and while some made money others got trapped. As for Litecoin, what the team needs to it continue working, secondly the team need to be active on social media in order to keep the community updated and wanting for more. A good example of a coin whose team/CEO is always active is Binance Coin. So if Litecoin team can follow suit, it would be a good way to grow, that is, good Innovation plus an active social media presence.