Topic: Will Litecoin-UFC Partnership Lead to Mass Adoption? (Read 408 times)
I think not everyone knows about Litecoin or the UFC, but a partnership is always advertising, demand, and therefore, additional investments and price increases. So I do not see anything wrong with this partnership.
Lol, an ad somewhere doesn't bring mass adoption. Bitcoin Cash is already being advertised in MMA, there's very few people who actually care about this.
It takes a lot more than a couple of ads to bring ANY adoption, not to mention MASS adoption.
It takes a lot more than a couple of ads to bring ANY adoption, not to mention MASS adoption.
With or without UFC, litecoin will move towards mainstream adoption. As crypto becomes more widespread they will need something lite and fast for payments which is exactly what litecoin was created for.
I do not think so. They are only supporting UFC players. That´s all, UFC players will not be paid in Litecoin, they will not use Litecoin. It is only kind of advertisement.
As for me, this is just an ordinary advertisement, a partnership would be if UFC began to accept this currency. Now now this just can increase brand awareness.
I said this when I started the thread.
However, Charlie Lee is known to tweet about cryptocoins, litecoin also, and influence them to pump or to dump. This brand awareness campaign of his might not be a move for mass adoption, but a preparation for litecoin's biggest pump.
Charlie Lee and his happy little pumpers are doing their jobs well in managing litecoin's moves. Some pumps with some smaller dumps in between and followed by more pumps and some smaller dumps in between hehehe.
However, Charlie Lee is known to tweet about cryptocoins, litecoin also, and influence them to pump or to dump. This brand awareness campaign of his might not be a move for mass adoption, but a preparation for litecoin's biggest pump.
Charlie Lee and his happy little pumpers are doing their jobs well in managing litecoin's moves. Some pumps with some smaller dumps in between and followed by more pumps and some smaller dumps in between hehehe.
This partnership between the Litecoin and UFC will bring a wide area of project development and the users will get the fastest transactions than earlier. As, you know in the last year how the Litecoin has gone from $5 to $300 in just few months after many years of sleeping. So, in future this coin also gone mass adoption like the Bitcoin in the many online payment receiver.
Is this why litecoin price raise in recent days?
https://www.coingecko.com/en/coins/litecoin
https://www.coingecko.com/en/coins/litecoin
Nice to read positive news from litecoin from time to time.
I too quickly forget that litecoin still exists.
Hopefully such partnership will bring litecoin a step forward again.
I too quickly forget that litecoin still exists.
Hopefully such partnership will bring litecoin a step forward again.
I only see the positive aspects of the promotion and do not want to see the negative, because everyone has a different goal, but only one that is certain is to get a profit. I see that Litecoin does have a good strategy for developing coins.
I could say that this is a step forward towards mass adoption. Upon stumbling with cryptocurrencies, it's pretty hard to manage because you yourself is your own bank and it might be a factor why crypto isn't yet massively adopted. As you said, we must have "awareness maintenance" which is true but I also wish that we could have "Prior Education" along with that so new people could understand what that promotion really stands for.
I agree with everyone here. Litecoin becoming the first crypto sponsor of UFC will help the coin get awareness. Also, it is a way for the cryptos to enter the world of sports aside from sports betting.
Even though he's cunning, his strategy is good enough to increase Litecoin's value. Now the recovery of Litecoin's trust to get more value and this I think is fair to seek public attention. Success and litecoin start pumping with good value.
@passwordnow. It is for that rationalization why we might witness one of litecoin's biggest pumps during the next bull market. Those rationalizations being, Charlie Lee is a wolf in sheep's clothing and that he is making his moves for spreading litecoin's brand awareness.
This might be a sign that he is buying low and setting up litecoin for its biggest pump.
Yeah, interesting. He won't such precious time to promote the project he sold most of his holdings if its not on his benefits. I think seeing such moves are good indication that there's something positive that's about to come to us. Like what he did, he's aware that the market will go through a correction and he sold everything, as in all. The last time I saw Litecoin, price was $24-$25 and its raised to $33 as of the moment. This might be a sign that he is buying low and setting up litecoin for its biggest pump.
Yes, he is a crafty person, Charlie Lee hehehe. The pump also occured earlier than I thought. This might be the beginning of his great litecoin pump.
In any case, personal disclosure, I do not hold litecoins. I am an aeon bagholder hehe.
i am not sure if that was a good promotion for litecoin. in terms of price, this has not changed much and whether litecoin has found new users with it, i doubt somehow.
I think this is a small step up in mass adoption, but it is useful for Litecoin to be a recognizable brand, I like this coin and hope that they will not stop to promote themselves everywhere.
I think Litecoin will set new highs but not before a slow drag of 2019.
There will be a lot of consolidation going forward with the next major pump probably hitting $800+.
Once we cross the $800-1000 lines we could potentially never see a low lower than $100-200 again.
This is pure speculation based on how Bitcoin has performed.
But I believe there is a lot more invested in Litecoin when it hit last year's high than was invested into Bitcoin when it first hit the same price.
Advertising definitely brings legitimacy to Litecoin. With so many scam Altcoins out there it makes it a safer investment. At least, that may be how new comers see it.
I also think that the break away that Ethereum and Litecoin had this month from Bitcoin pricing definitely helps.
There will be a lot of consolidation going forward with the next major pump probably hitting $800+.
Once we cross the $800-1000 lines we could potentially never see a low lower than $100-200 again.
This is pure speculation based on how Bitcoin has performed.
But I believe there is a lot more invested in Litecoin when it hit last year's high than was invested into Bitcoin when it first hit the same price.
Advertising definitely brings legitimacy to Litecoin. With so many scam Altcoins out there it makes it a safer investment. At least, that may be how new comers see it.
I also think that the break away that Ethereum and Litecoin had this month from Bitcoin pricing definitely helps.
It is really a good way of marketing to reach a global market. With this effort We also some green on LTC in Price . It will be always good for Crypto to reach global stages since very few having idea what Cryptocurrency really is.
How do you expect a mass adoption if their logo is only on the floor of the octagon? 😂 It will only be a type of advertisement or to get more supporters. It would be better if their logo is written on a fighter's tarpaulin or will be advertise on the tv screen before the match. What they did will be historical to litecoin when the time comes where they will be fully recognized as a medium of payment or when litecoin price reaches above $1000.
It is unlikely that this will happen, if you know about WAGERR they have sponsored many sporting events including boxing and UFC but I still hasn't set the crypto world on fire. Litecoin might have a bigger impact but hard to say in this market - the news is rarely good right now
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