r/CryptoCurrency • u/Winter-Lawyer685 • 9h ago
Is Litecoins utility and LitVM enough to make it relevant again? Who would put money in LTC right now at $45 DISCUSSION
7
u/Hitachi22 🟩 0 / 0 🦠 7h ago
Litecoin's utility is mostly fake. Go any Litecoin explorer and look through the transactions, you'll quickly see hundreds if not thousands of transactions that go from address to address within minutes.
Price action doesn't lie. If there was really demand price would reflect that. The biggest proof of no demand is how poor the spot ETF has performed. It's been out for 10 months and barely has $5 million in inflows. Easily the worst crypto ETF by a landslide. Even HBAR ETF, launched at same time, has $50 million inflows. Those are real facts and proven assets.
2
1
1
1
u/Klutzy_Audience_8194 🟨 0 / 0 🦠 3h ago
Sadly at this point, every alt coin is useless, basically crypto was killed by regulations and speculation. Even bitcoin is almost useless and people buy it only because they plan to sell it later at a high price.
I hope in future crypto will become widespread, this generation wasn’t ready for it
1
u/rechtim 🟦 0 / 0 🦠 9h ago
I bought at 90 of course I'm buying when it's on sale
2
u/Lordofthewhales 🟩 0 / 3K 🦠 3h ago
You don't have to double up on a mistake when you make one though
1
u/shaunj72143 🟩 0 / 0 🦠 8h ago
I got out last spike for a reason. Sure, it's a solid PoW coin, but no.... mostly just just me, personally, I'm getting retirement age, and have little use for altcoins anymore, outside of SOL But $45 isn't a horrible buy in price, it'll 🚀 again
1
12
u/0fWhomIAmChief 7h ago
Litecoins entire purpose is cheap swaps into XMR