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[Bajaj]

It is clear that Bitcoin is the most popular cryptocurrency. But why is Litecoin not such a popular cryptocurrency, given the low commission when transferring funds in this system? Does no one believe in the future of Litecoin? Personally, I keep my money in Litecoin and have never regretted it. A fairly stable cryptocurrency relative to other altcoins.

 

[BusyCat]

It's definitely an undervalued cryptocurrency but has got its own benefits like low l transaction fees , faster transactions and security wise as well. But the price is definitely undervalued when compared to cryptos like bitcoin or ethereum.

 

[GoldenLady]

Having low transaction fees isn't a strong criteria for the popularity of a crypto coin or token. If that had been the case, then Ethereum would be at the bottom of the list because of it's exorbitant fees.

Utility, community are two factors that seem to be on the lead, and Litecoin doesn't really have any of them.

 

[IB DD]

The truth is that people don't have that level of trust in litecoin as they have in cryptos like bitcoin. The trust is so much that even with high transaction fees, people still believe they would make gains from it. That's not the case with litecoin. People just use it for payment. Some even swap it to bitcoin immediately they receive it.

 

[Flower]

Litecoin is an undervalue cryptocurrency and despite the fact that it is referred to as the silver to bitcoin gold and this is because they have similarities but they have notable differences as well.

 

[Lens_]

One major reason why litecoin is considered to be undervalued is because of its strong adoption and the acceptance it has gained among merchant and vendors. Litecoin has a fast transaction time and it also has a low fees but it is undervalued.

 

[Flower]

The point raised above is very vital and it is also critical to understand that litecoin has proven track record and has been around since 2011 which makes it one of the oldest cryptocurrency is in the cryptocurrency landscape and despite the longitivity, it is very stable in the market.

 

[Lens_]

It is critical to note that litecoin technology called the lightning network as made it a scalable and a more efficient payment solution for so many investors and crypto enthusiast and its price does not reflect in its scalability.

 

[Flower]

The founder of litecoin called Charlie Lee is respected figure in the cryptocurrency space and that alone should contribute to the value of litecoin because of the credibility of the founder.

 

[Lens_]

Litecoin is one of the cryptocurrency that could be used as an edge against inflation because of its limited supply of 84 million coins and it will add to its scarcity which should make the price go up.

 

[Flower]

There are correlation of litecoins with Bitcoin and that could be the reason for its undervaluation because bitcoin could overshadow litecoin and the relationship could lead to investor adopting bitcoin more.

 

[Lens_]

It is good to note that litecoin is one of the top cryptocurrency by market capitalization but it is a known fact that the project lacks attention which may contribute to its undervaluation in the eyes of the investors.

 

[Flower]

Litecoin contribute immensely to everyday transaction and that is exactly what set it apart from other cryptocurrencies because it is prioritized by so many crypto investors for their transaction and that alone could make the price go up.

 

[Lens_]

We should know that litecoin community is known for its very strong support and active development, but despite having huge following, litecoin price has not developed accordingly because it is one of the widely accepted cryptocurrency.