I am not involve with Litecoin. As a newbie now I am trying to learn about Bitcoin. I have read some articles on litcoin and I don't think Litecoin is totally dead.
it is not, because every coin want to be second only to bitcoin they keep calling LTC dismiss ahead of the time.
Ripple is second, Litecoin is just wannabe second.
Hmm I haven't been keeping track for a while but did Ripple pass Litecoin recently
Or is it just close
2 Litecoin Litecoin $ 146,328,535 $ 4.53 32,334,296 LTC $ 2,811,260 -3.33 %
3 Ripple Ripple $ 139,012,161 $ 0.004795 28,989,252,282 XRP * $ 536,256 5.36 %
Or is it just close
2 Litecoin Litecoin $ 146,328,535 $ 4.53 32,334,296 LTC $ 2,811,260 -3.33 %
3 Ripple Ripple $ 139,012,161 $ 0.004795 28,989,252,282 XRP * $ 536,256 5.36 %
It did a few weeks ago for a total of ten minutes from what I remember. Ripple was being threatened by another coin to keep their spot (NXT maybe? I cant remember) so they decided to print off more money (yes, literally create more ripple) and add it to the supply. Ergo since Coinmarketcap is a poor indicator of how to measure POS coins it just does a simple supply X value and it shows an inflated value.
yep, it was btsx, it showed how these tokens markecap are totally centralized and untrustworthy.
Lol I love the blind hate for anything that's not PoW (@Nekomata), but all three of you have it wrong.
BTSX passed Ripple and the Ripple leap frogged BTSX shortly thereafter on coinmarketcap yes, but Ripple didn't print any new XRP. It has to do with how Coinmarketcap calculates the market cap for Ripple. It only includes in the calculation the amount of XRP that is not owned by Ripple Labs. There has always been 100 Billion XRP and that number hasn't ever changed, but currently Coinmarketcap only uses about 30 billion for its market cap calculation.. in other words the amount NOT currently held by Ripple Labs. In actuality with all XRP added into the market cap calculation, Ripple has a market cap of $479,800,000 making it the 2nd most valuable cryptocurrency in regards to total market cap, and Litecoin the 3rd.
Find out more here: https://www.ripplelabs.com/xrp-distribution/
You will notice under the amount not held by Ripple Labs it states: Total includes business development agreements that are still pending.
This is what I believe happened... it was convenient timing to make a business deal seeing as though it happened maybe 24 hours or so after BTSX passed them up on Coinmarketcap. Conspiracy? Maybe, maybe not, but due to the recent news about Ripple and its partnerships with banks I guess those Ripples are for probably for that.