Its scrypt dominance, historical ATH in hash rate, and broad usage, as seen by its position as Bitpay's second-largest payment processor, portray a hopeful picture. Declarations as a commodity, together with backing from significant organizations like as Fidelity, EDXM, PayPal, Venmo, and Grayscale, strengthen its position. The prospect of an ETF increases the potential upside.
The use of MWEB for anonymity, paired with a fair launch, no premine, and steady uptime, increases the legitimacy of Litecoin. Given these variables in the context of the changing crypto environment, the potential of Litecoin's imminent awakening becomes increasingly realistic.