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Litecoin is the most underestimated crypto at the moment and could be a potential big winner in the next bullrun

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by COINS NEWS 25 Views

Litecoin (LTC) is a Proof of Work cryptocurrency.

Back in the old days, people saw Litecoin is the "silver" of cryptocurrency.

It also has a max supply cap, no more than 84,000,000 LTC can ever be minted!

With all the turmoil about the inflation of the fiat currency, some people go back to actual gold and silver, some (wiser) others also go into crypto.

Some (inofficial?) us gov statements say that they see Litecoin as commodity.

Michael Saylor also said in some interview that he might see Litecoin as commodity.

Last years' crypto hype were "NFTs" and "metaverse", maybe the next bullrun hype will be the renaissance of the "old" Proof of Work chains like Litecoin, a run to the old PoW coins to preserve value.

With the halvening of the LTC mining rate, the supply/demand shifts which may also lead to Litecoin's price to rise.

LTC dewvelopment also conitnues, soon there will be a "privacy" upgrade for its blockchain.

What are your thoughts on LTC?

submitted by /u/MikeDJunior
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