Charlie Lee tweeted about a CNBC real-time screen reel which showed Bitcoin/USD, Ethereum/USD, Litecoin/USD coin metrics. The cryptocurrencies Vs. Dollar thing is becoming a common place. While several users felt that it is a nice beginning to see real digital assets, many feel that it is an indicator or predictor of something. Many felt that this is an indicator of Litecoin catching up to the herd.
LTC community are expecting a parabolic rise. Litecoin is no new member. It has been the earliest of Altcoins to be around in the crypto scene and it is widely known as the digital silver.
Charlie Lee has been narrating and re-narrating on its utility on various occasions so that those who have missed the details can catch it up.
The founder who sold the LTC bag is the Zombie story in the community that never goes out of style though.
There is also a constant wait for the privacy upgrade at Litecoin Network.
When some users were talking about the price of LTC, it is worth recollecting a year 2017 tweet from Charlie Lee when he expressed his opinion in a tweet about Cardano, which goes like: “I just noticed Cardano (ADA) is #6 on CoinMarketCap. How did it become a $10B coin when it’s only 3 months old and the only major exchanges trading it is Bittrex and Binance and without even any fiat trading pairs? Either the market is crazy or Cardano will end world hunger.”
He further stated, “To be clear, I have nothing against Cardano or its tech. And I have a ton of respect for IOHK Charles and I’m sure the project has a ton of potential. But at 10B valuation right now, how can that possibly be a good value. Ian Fisch makes my point for me.”
Way back then in 2017 – Ian Fisch clarified stating, He’s making the point that the crazy Bull Run on Cardano seems to be removed from reality. There’s nothing wrong with Cardano nor its team, but it seems to be at least 5 years off from having its core features in any sort of workable state.
Charlie Lee seemed to have no clue as to how they were able to make it up so fast in the rank ladder and the cluelessness seems to continue even now! The community wishes the LTC team do something about climbing up the ladder – we are witnessing ADA in action already. And, LTC and ADA might not collaborate as LTC does not want to lose its sovereignty.
Get the latest Crypto & Blockchain News in your inbox.