Grayscale have recently published an ‘Introduction to #Litecoin’ report. This is an in-depth paper that shines a light on ‘lite’, which is one of the digital asset ecosystem’s most interesting digital currencies.
Due to lack of life experience, many of them have not thought about money making. However, when they realize the value of value, they will be interested to preserve it.
Charlie Lee retweeted: “I’d be a billionaire now if I hadn’t sold the 55,000 Bitcoins I mined on my laptop in 2009-2010 way too early (mostly before 2012). That is regretful, but then again, with the early bitcoiners we set in motion something greater than personal gain.”
David Schwartz in his attempt to spread a word about the usefulness of Litecoin recently expressed how he and his wife bought some wine & Hacker-Pschorr Bier with his Litecoin debit card. He pointed to how the experience was superfast and easy. Also he pointed to how the owner of the shop has a Clover PoS system that is getting set up next month and that it will have it accept BTC and LTC. He also pointed to how the owner wanted to learn and know more about crypto from Schwartz.
Commenting on LTC, Sydney Ifergan, the crypto expert opined: “Litecoin (LTC) is the cheaper and faster version of BTC which first made its way to the market. And, now you can get it on PayPal.”
Litecoin (LTC) Digital Silver
In a recent survey, which was trying to get users answer about what is Digital Silver, about 37.6% of them pointed to LTC as digital Silver.
The value proposition between BTC, LTC, and ETH is different and they need not always be the same.
There are users who feel that Litecoin is lacking sorely in innovation and on how Ethereum was full of innovation. Common sense suggests that cryptocurrency creators come up with a use case and each of them are working with their own mission and vision. There is no need for two cryptocurrencies to innovate simply to compete with each other.
The price of Litecoin has been rising mainly due to the overall performance of digital assets and the overall optimism about digital assets. The recent rise of Bitcoin and Ethereum to record and multi-year highs as more institutional investors stream-in is also encouraging for Litecoin.
Investors are now allocating money into the assets just like they would to stocks and gold. If this happens, most of them are going to focus on traditional currencies like BTC, ETH, XRP, and LTC, among others. Some Cryptos are already beginning to become traditional digital assets.