Post
Topic
Board Altcoin Discussion
Re: Litecoin TANKING...opinions on future outlook both nearterm and long term?
by
Bitcoins101
on 13/08/2014, 21:31:42 UTC
For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.

The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.
It's also not even really a top altcoin anymore.

Bitcoin is powerful because it was the first and every coin thereafter is essentially a copycat. Litecoin used to be powerful because it was better than Bitcoin. However, now there are coins way better than Litecoin, so what really is Litecoin anyway? Likely just a speck in the cryptocurrency timeline that will soon vanish completely.