Opinions, Thoughts etc on Litecoins twitter account tweeting out fake news? Is it doomsday for that cryptocurrency? Let's be honest litecoin has not been doing good at all since the owner sold out theirs in 2017 rally. It's never really recovered.
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The all time high was in May of 2021, which eclipsed the high of 2017 so I am not sure I agree with this. From a market perspective, it garnered all that it lost in the bear and then some.
As for the project, it is similar to many others: no development. When was the last time a major update came out. We heard some talk about MimbleWimble that is exciting, yet seems to be imaginary.
Compared to the early days, there are more interesting projects. Litecoin has so far been on the sidelines with the most recent Defi and NFT crazes.
Without development, a chain is dead.
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I think I read something about Litecoin adding NFTs but I'm not sure. I'll have to check again
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Yeah there was an article the other day they partnered with someone.
I do agree with @bitcoinflood on the sentiment he posted.
It seems that Litecoin is not very interesting. Ultimately, BTC might be the only POW chain that means anything.
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Yea that was a freaking shit show
I have a small stake on LTC so I like to believe is not the end yet but I'm very disappointed with that fiasco
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Who runs the Litecoin Twitter account?
Like we have that hiveblocks Twitter account, but it is just some random guy, right?
Its doesn't have any official sway over what happens on the Hive network.
Does the Litecoin account?
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Good question... it may well be just a dude that posts stuff under the Litecoin name. I have no idea how that works to be honest
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The Litecoin Twitter account does seem to hold sway over the markets though.
Not sure the Hiveblocks twitter account does the same thing.
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Not yet ;)
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I don't understand why it is still so expensive, what does it do anyway?
I don't think this is enough to sustain the price, but what I noticed is that LTC is a popular project with people (especially crypto newcomers) who want to shift from BTC and ETHC but don't really have the guts to dive in the crazy world of alts.
But then again, it can't be just that...
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Well...I would say there needs to be a better way to vet information if you are holding the keys to the twitter account. But there isn't much we can do since people are likely to make mistakes.
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I always liked Litecoin and Charlie Lee. I first bought Litecoin back in 2017.
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I did too. But we have to admit the development has been rather disappointing.
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Very true.
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