So I first started dabbling with LTC in 2017 when it was about 60 USD, back then I was looking for something similar to bitcoin that could adapt quicker to newer blockchain innovations.
From my point of view, given a sufficiently large and secure network, the value of a token is mostly derived from it’s utility and capped supply, i.e there will only be 21 million bitcoin or 84 million litecoin ever. Bitcoin definitely has it’s first mover advantage but litecoin is literally the OG crypto after bitcoin, with a great community, network stability and innovation.
I am a big believer in bitcoin and Satoshi’s original vision, and I like the approach of litecoin in not trying to directly compete with bitcoin but I definitely think there is room for other OG players in the space.
Right now I think investors in crypto are looking for quick returns and litecoin has been less volatile then some of the other coins in the space. However I think there is immense value that the litecoin network and coin provides that is being severely overlooked.
Some of the main things I like about litecoin:
- Stable reliable network (100% uptime)
- Fast, cheap transactions
- Fair launch
- Soon to be getting a DeFi layer (litVM)
- Privacy (MWEB)
How litecoin is still under 100 USD after 10 years just doesn’t make any sense to me, literally is the strangest phenomenon in crypto right now imo.
As mentioned Litecoin currently has privacy functions similar to Monero and is getting a VM layer which should unlock DeFi and smart contract functionality. Overall I am really excited about the future of litecoin and I hope the community continues to grow and innovate.
Of course I am doing my own part to help the network:
- Running a Full Litecoin Core Node
- Contributing to network hash rate.
I thank you for hearing what I had to say.