Litecoin hype was died when their own Founder decided to sold his holdings long time ago when the price is on ATH. There’s no big development happening on this project already since it just follow Bitcoin footsteps unlike other blockchain that innovate with the current trend in the world of DeFi that boost the valuation of the project.
It’s simple, if the founder itself decided to take profit on his holdings then why will you invest heavily on a project that a developer not holding his majority of shares. This show weakness to the project.
https://www.reddit.com/r/litecoin/comments/7kzw6q/litecoin_price_tweets_and_conflict_of_interest/?st=jbf703n1&sh=70857870
Also right now the trend is smart contract based blockchain, even bitcoin has many L2 that enables people with bitcoin to utilize it and interact with smart contract meanwhile Litecoin is just the same ol' coin like it was back in the past.It’s simple, if the founder itself decided to take profit on his holdings then why will you invest heavily on a project that a developer not holding his majority of shares. This show weakness to the project.
https://www.reddit.com/r/litecoin/comments/7kzw6q/litecoin_price_tweets_and_conflict_of_interest/?st=jbf703n1&sh=70857870
totally reasonable why people just don't really find investing in litecoin to be interesting anymore.
not to mention that the price of lite coin in this bullish just don't really get any heat and decide to stay linear for the entire year, people are starting to forget this coin in favour of other more hyped up coin such as BTC, ETH, BNB, SOL and so on.
there's just simply no bright future with this coin in my opinion.
