Shiba Inu’s lead developer trolls LTC, Litecoin responds
In his tweet to Bloomberg Business, Shatoshi Kusama mocks Litecoin (LTC)
Shiba Inu (SHIB) lead developer and one of the lead actors of the project, Shiotoshi Kusama recently addressed Bloomberg Business with a. Demand Stop referring to Litecoin (LTC) as the third option after Bitcoin (BTC) and Ethereum (ETH) when it comes to cryptocurrencies. Litecoin did not stand aside and responded to Kusama’s joke with the comment that LTC should be first on the list.
You are right, should be first.
— litecoin (@litecoin) 16 July 2022
This was exactly the case when cryptocurrencies were first gaining popularity in the 2010s, but until now LTC is considered a zombie coin Equivalent to EOS and XRP. According to CoinMarketCap, although it was once one of the top three cryptocurrencies, Litecoin is currently ranked 20th in terms of market capitalization of $3.9 billion.
Litecoin (LTC) experiences a lack of demand and interest
Many crypto analysts believe that this is due to the extremely low demand and user interest in the Litecoin blockchain and the LTC token respectively. Despite continued development, regular conventions and mining activities, it seems that Litecoin has not been able to break out of the shadow of its more successful competitors. choice of Shib and Doge Or SOL has overtaken LTC over the years, harnessing the power of social media and spreading propaganda on a global scale.
At the same time, few people know that unlike Solana (SOL), Litecoin is almost the only blockchain that has never stopped working. Litecoin also successfully introduced the MimbleWimble extension, which allowed it to become more private by hiding the sender’s name and the number of tokens being sent, but, as a result, major South Korean the exchanges decided To delist LTC.
The 3.9 billion estimate seems too low for Litecoin, such a time-proven crypto project, but its team clearly needs to do something about market interest and demand, otherwise LTC will be out of zombie project status. Will never manage to get rid of.