Post
Topic
Board Speculation (Altcoins)
Re: Litecoin vs binance Coin
by
Woodie
on 12/08/2021, 07:47:38 UTC
There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
As always we need to know that price of a coin depends on supply and demand and if we look at the mechanisms Binance is using to push its price you will realize that litecoin can not compete,it stands no chance!
Binance coin has blend of ways to push its price up such as token burns which reduces its supply in the market over time making them scarce and has a blockchain which is fueled by the same coin so it has no issues of demand while litecoin relies on its old users for demand.