Post
Topic
Board Altcoin Discussion
Re: Is the upcoming LTC halving a market mirage?
by
Wapfika
on 20/07/2023, 15:56:31 UTC
Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

I already lost my confidence on this project after the creator sold all his holdings last bull run and just work for it like a regular employee. If the owner decided to take profit then why investors should still invest on this token?

Halving is just slowing the mining of new tokens and it doesn't give much hype on the price unlike Bitcoin that the creator is still anonymous and not using his holdings until now.