Shiba Inu (SHIB) altcoin Shytoshi Kusama, the lead developer and one of the main actors of the project, recently spoke to Bloomberg Business while talking about cryptocurrencies. Litecoin (LTC) Bitcoin and Ethereum (ETH) then he asked not to be mentioned as an alternative.
Litecoin did not remain indifferent, and responded to Kusama’s mockery with a statement that LTC should be at the top of the list.
You’re right, should be first.
— Litecoin (@litecoin) July 16, 2022
Indeed, this was the case when cryptocurrencies first started gaining popularity in the 2010s, but is now considered a “zombie coin” on par with LTC, EOS, and XRP. Litecoin, once one of the top three cryptocurrencies, currently ranks 20th with $3.9 billion in market cap, according to CoinMarketCap.
Litecoin (LTC) Altcoin Lacks Demand and Interest
Many crypto analysts believe this is due to the extremely low demand and user interest in the Litecoin Blockchain and LTC coin. Despite continuous development, regular conferences, and mining activities, Litecoin never seems to emerge from the shadow of its more successful competitors.
SHIB and the likes of DOGE or SOL have outstripped LTC in the past few years, harnessing the power of social media and creating a global stir.
However, many people don’t know that the Litecoin network has never stopped, according to reports of constant disruptions like Solana.
Litecoin also successfully rolled out the MimbleWimble expansion, which made transfers more private by hiding the sender’s identity and the number of tokens sent, but as a result, major exchanges in South Korea decided to delist LTC.
*Not investment advice.