So many members lost faith already hehe. I have to admit that I have stopped following the developments on Litecoin and I rarely see any marketing from them on my social media feeds.
I think the Mimblewimble is their main feature and who knows if the crypto community would prefer increased privacy in transaction. It doesn't look that way now.
Topic: Should LTC return as a silver to BTC and being ranked in the top 5?? (Read 157 times)
May 26, 2022, 06:09:14 PM
Not only LTC, but also DASH, XMR the first top coins that I think it is very difficult for them to go back to their heyday.
Why do you say that?XMR is the No1 privacy-oriented altcoin.
I have a suspicion that privacy won't become a major concern till CBDCs roll out.
https://cointelegraph.com/news/digital-euro-could-come-as-soon-as-2026-ecb-official
https://cointelegraph.com/news/proposed-digital-euro-designs-lack-privacy-options-ecb-presentation-shows
The last cycle (2021 ATH) had tons of hype about DeFi, NFTs... the previous cycle before that (2017) had tons of hype about ICOs.
So I wouldn't be surprised if the next best thing is... privacy. We're going to see both legit ones (like XMR) and tons of scams as well. Every new cycle attracts scammers (BitConnect in 2018 was like LUNA in 2022).
You won't need privacy for everything (like paying the electricity bill or grocery/food), but there are certain use cases (not only illegal ones) where privacy-oriented altcoins will shine later on this decade.
ps1: LTC recently added MimbleWimble and it's more popular (CMC rank-wise) than XMR, ZEC, BEAM. Who knows, maybe it has another chance to shine...
Being a BTC copycat is sure not enough, you need to differentiate your offering in the market.
ps2: Pay attention to altcoins that consistently hit a new ATH in every new 4-year cycle:
LTC ✔ ($412.96 / May 10, 2021)
XMR ✔ ($517.62 / May 07, 2021)
DASH ❌ ($1,642.22 / Dec 20, 2017)
BCH ❌ ($4,355.62 / Dec 20, 2017)
May 23, 2022, 05:48:25 PM
According to me Litecoin growing in good value is a much needed one for now. What lacks the growth of Litecoin needs to be identified. Because both the ethereum and Litecoin were similar in growth and position in coinmarketcap. Maybe for users who find Bitcoin to be completely high price to buy as a whole can go for Litecoin.
May 23, 2022, 04:54:03 PM
I definitely say no. LTC has managed to maintain its popularity as it provides cheap and fast transfer between exchanges. It was widely available on all exchanges. It was fast and cheap. Now everything has changed. There are lots of cheap and fast coins and they are all widely used on other exchanges. In my opinion, LTC cannot stay silver. But I think major coins are always a good option. Because they are more stable than other coins.
May 23, 2022, 04:51:54 PM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
We don't know.I consider it still a good choice since I'm using it for transfers because it's one of the quickest and cheapest. There's also another one that's undervalued but not forgotten which is Monero.
Due to the government policies, it's being delisted to many exchanges because it is a privacy coin. Their rank had became lower because of the newer coins that got in.
May 23, 2022, 04:51:23 PM
The top 5 are mostly occupied by centralized coins, usdt usdc market cap is above 50B, while Ltc is only 4B. I don't think Litecoin can be in the top 5 again, this coin is an old coin but is more popular in the gambling world, the same thing as Dogecoin. But now Doge has earned a place on the side of controversial popular figures, agrees with people above to increase this coin, it must be supported by important world figures.
May 23, 2022, 04:48:53 PM
In my opinion, no. LTC lost its former popularity and now other projects with developing ecosystems like Solana, Polkadot, Avalanche, etc. are collecting billions. Stablecoin sector is actively develops too, there are 2 projects in top 10 already. When was the last serious update of Litecoin? I do not keep track of its development and I don't see news about it that often. Maybe something will happen when Litecoin has a new version of the blockchain, but the competition is still tough.
May 23, 2022, 04:45:54 PM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
It will be hard for LTC to come back on an Top 5 position but one thing is for sure, LTC will stay and it will pump as well along with other altcoins. If you think LTC is undervalued right now then buy some because when the market recovers for sure LTC will also recover. If there’s more good updates with LTC then new ATH might happen, it’s just a matter of time before we see that, LTC remains active though and that’s a good sign. May 23, 2022, 04:39:05 PM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
No one knows if it would really be able to regain that spot in talks about LTC.Its true that we do really have that cycle but knowing that demand would be always be the main key then its really hard to make outpresumptions for a certain coin to climb up the ranks without seeing that demand that i've been talking into which it is really that hard to make out those kind of predictions but well, there's always a chance
but dont anticipate because it all matters on communities recognition on which project they would be mainly be supporting and which is not.
May 23, 2022, 04:20:44 PM
Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
I think Litecoin has potential but not that huge when ETH and other good project isn't around. I think Litecoin had already passed its prime, unless someone is willing to pump it hard, we cannot see the old good days of Litecoin.
May 23, 2022, 03:51:47 PM
Who knows... I got surprise days ago after seeing litecoin is still a popular currency among crypto gamblers, raising its usage from 3,5% last year to 6,45% this year.
Crypto Bet: A wider Array of Altcoins are being usef
Image source
Moreover, litecoin has integrated recently the called Mimblewimble protocol, which promises to enable users to send confidential transactions. Depending how it's going to be received by the market and how useful it's going to be for real, MimbleWimble can be indeed a booster for litecoin adoption.
Although there are controversies:
Litecoin Activates MimbleWimble Extension Blocks (MWEB)
Image source
Moreover, litecoin has integrated recently the called Mimblewimble protocol, which promises to enable users to send confidential transactions. Depending how it's going to be received by the market and how useful it's going to be for real, MimbleWimble can be indeed a booster for litecoin adoption.
Quote
With Mimblewimble Extension Block, users of the network can opt-in to confidential transactions. The end goal is to enhance the viability of Litecoin as a fungible currency that can be used for real-world transactions by lowering fees and adding privacy, throughput, and scalability.
Although there are controversies:
Quote
The OG cypherpunk Adam Back was, however, not impressed by MWEB. While responding to a tweet that speculated many Bitcoiners believe that Bitcoin may soon activate the protocol, Back said that he does not think MWEB enhances much privacy:
“IMO Mimble Wimble is not much of a privacy improvement as the transaction history will be recorded even if later elided, and the scaling gains only start to win at large size as transactions are bigger. also, receiver online is inconvenient. Confidential Transactions I like ofc.”
“IMO Mimble Wimble is not much of a privacy improvement as the transaction history will be recorded even if later elided, and the scaling gains only start to win at large size as transactions are bigger. also, receiver online is inconvenient. Confidential Transactions I like ofc.”
Litecoin Activates MimbleWimble Extension Blocks (MWEB)
May 23, 2022, 01:46:33 PM
LTC already deserves its current ranking and position considering the fact that there are many altcoins that are just better and deserving of the higher ranks.
frankly the market of cryptocurrencies are being dominated by the smart contract platform I just see no chance of any other coin that aren't smart contract platform in dominating the market again.
even all these altcoins are already efficient enough that it could be used for some complicated things like blockchain gaming that requires intensive and powerful platform.
frankly the market of cryptocurrencies are being dominated by the smart contract platform I just see no chance of any other coin that aren't smart contract platform in dominating the market again.
even all these altcoins are already efficient enough that it could be used for some complicated things like blockchain gaming that requires intensive and powerful platform.
May 23, 2022, 12:50:24 PM
LTC should not return to the top 5. We need utility token rather than a coin that called itself as a silver in the crypto while it has no utility usage. This coin is over rated. Bitcoin was gold and yeah i do agree with it but calling this as a silver in the crypto is a non sense thing. I prefer to call this as a garbage coin instead of legit coin. The holders got nothing from holding this coin. What a useless coin. People are using this as payment system while mostly of the new tokens in the market can be used as payment system as well.
Look at how balenciaga was accepting so many new crypto as payment system. this is over valued coin.
Look at how balenciaga was accepting so many new crypto as payment system. this is over valued coin.
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May 23, 2022, 11:29:06 AM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
Even if I think that LTC has potential, it does not matter to the public who are putting bets on shitcoins and NFTs. For them quick and easy gains are more important that the legacy or technology behind something.The only old trusted coin you need to buy is bitcoin. Rest of them have mostly gone down in the last few years. Still if you have some LTC left lingering in your wallets, keep those for a last stand selloff.
Beyond that I dont see anything big happening with LTC unless something big in terms of development happens in their labs. For trading, it is good for pumping and dumping by investors, most of whom are found in the r/LTCmarkets channel, makes it look like a group of wankers.
May 23, 2022, 11:15:31 AM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
There is always a chance that someone will make a pump at the LTC price, but I'm afraid this project is a thing of the past. For at least two years I have not seen any development going on around this project. It seems the community is also shrinking every month and week. Sometimes I still use Litecoin to make cheap transfers, but it seems that the low fee is becoming the only usefulness of this coin. It is unlikely to be enough to bring the coin back to the top 5 on Coinmarketcap.
May 23, 2022, 11:11:47 AM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
it thing its actually as sleeping giant in crypto market, looks from outside have no developtment progress at all but if we looking this chain technology alot potency could improved here. maybe first with lightning network and followed by another breakthrough or maybe build own smart contract platform , litecoin could be on top 5 cmc later. honestly its better than other chain but unfortunately popularity still under top 5 cmc. 
May 23, 2022, 11:05:20 AM
I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class.
Litecoin undervalued? Any price above $0 is overvalued for things like Litecoin, Dogecoin, Bitcoin Cash, Bitcoin SV and every other fork or copy of bitcoin. Not that I'm disagreed with hard forking, but whoever began all of those coins had no intention to promote censorship-resistance and financial sovereignty whatsoever. Presumably, he did it for fun, or to make a quick buck in a smart way.Fortunately, we've escaped from this "digital silver" gibberish, please don't bring it back. If only the problem with scaling could be resolved with solving blocks more frequently, that is in litecoin.
May 23, 2022, 11:04:28 AM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
I never thought for LTC with a better place now because at this time there are many competitors that LTC must beat in order to get a better place in CMC, because to get into the top 5 cryptocurrencies in CMC is not an easy matter for any cryptocurrency except for cryptocurrencies that already have a lot of enthusiasts with very large volumes and that doesn't only apply to old altcoins. May 23, 2022, 10:59:38 AM
No, I don't think so. Also sold my LTC like a over a year ago.
There's no turning back now, we have seen new projects and learned more how crypto could be so stretchable in different fields.
I'd invest in blockchain or exchange, a little old but it's still in the trend.
But if you want to be in the real brand new things, the gaming industry could be a good investment. With the mountain of gamers now it will be easy to pump it as long as it's a good game.
There's no turning back now, we have seen new projects and learned more how crypto could be so stretchable in different fields.
I'd invest in blockchain or exchange, a little old but it's still in the trend.
But if you want to be in the real brand new things, the gaming industry could be a good investment. With the mountain of gamers now it will be easy to pump it as long as it's a good game.
May 23, 2022, 10:45:58 AM
We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
Not only LTC, but also DASH, XMR the first top coins that I think it is very difficult for them to go back to their heyday. Cryptocurrencies are always innovating and elimination is harsh, new projects will always perform better and grow than old ones.
While we will no longer see hype around them, they are still being traded and used. If bitcoin is seen as a safe haven during a bear market then I think older coins like LTC can also be seen as a haven during this bear season.
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