Litecoin (as well as a few alts) has been pumping in the past couple of days. I think Litecoin is really undervalued and it might be that people are starting to see that too. Here are three key reasons why I think Litecoin is undervalued:
1) 100 percent uptime 10 years straight.
To my knowledge Litecoin is the only cryptocurrency out there that has 100 percent uptime 10 years straight. That's pretty impressive considering how long crypto has been around!
2) It has optional privacy
The recent MWEB upgrade bought a privacy feature to Litecoin. Since then active MWEB addresses have grown at a staggering rate!
3) only 84 million litecoins will ever exist
Similar to Bitcoin only a finite amount of Litecoins will exist. There is a halvening event happening in 2023 which will make it more difficult to mine litecoin, which will push the price up. Litecoin is deflationary. Investors might be starting to price that in.
No comments:
Post a Comment