Litecoin Responds When A Major Shiba Inu Developer Trolls LTC
Leading developer and one of the key players in the Shiba Inu (SHIB) project, Shytoshi Kusama, has asked Bloomberg Business to cease referring to Litecoin (LTC) as the third cryptocurrency after Bitcoin (BTC) and Ethereum (ETH).
Litecoin did not remain silent and commented that LTC ought to be first on the list in response to Kusama’s mockery.
In fact, when cryptocurrencies first started to gain popularity in the 2010s, it was like that, but today, LTC is regarded as a zombie coin on par with EOS and XRP. Litecoin, which formerly ranked among the top three cryptocurrencies, is currently in position 20 in terms of market cap, with $3.9 billion.
There is little interest in and demand for Litecoin (LTC)
This, according to many crypto specialists, is caused by the extremely low user interest in the LTC blockchain and the LTC token. It appears like LTC has never been able to escape the shadow of its more prosperous competitors despite ongoing development, frequent conferences, and mining activity. Using the power of social media to feed a global craze, companies like SHIB and DOGE or SOL have easily surpassed LTC in the last couple of years.
In contrast to the same Solana, very few people are aware that Litecoin is still nearly the only blockchain that has never stopped functioning (SOL). Major South Korean exchanges opted to delist LTC as a result of Litecoin’s successful introduction of the MimbleWimble extension, which made it possible for it to become more private by concealing the sender’s name and the quantity of tokens being delivered.
Considering how long Litecoin has been around, the estimated market cap of 3.9 billion dollars seems incredibly low. However, the LTC team must take action to address the market’s interest and demand, or LTC will never be able to shake off its position as a zombie project.
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