Community Trust ScoreVerified
- Litecoin Wallet Addresses Continue to Grow
- Litecoin Ranks #3 Per Fidelity for widely held cryptocurrencies
- Metcalf is bad prediction Metric
Litecoin wallet addresses continue to grow day after day. Currently, there are over 118 million addresses. The more people in the network the more valuable is the network.
Litecoin expressed: “A study from Fidelity, institutional investors are increasingly bullish on crypto 71% plan to invest, up from 59% last year. Of course, Bitcoin and ETH rank as the most widely held cryptocurrencies among this cohort, Litecoin ranks No 3.”
Charlie Lee expressed: “Every crypto bull run I’ve seen has been followed by a bear cycle. The market needs time to consolidate. That’s just my experience from 7 years of watching his space.”
It has been very clearly stated, “The markets are dipping, but that’s just another day in the life of the crypto industry.”
Litecoin is still hanging on to its 2017 ATH. Years of insider trading have taught me many valuable insights. And the governments, bureaucracy the whales and big money love it as it is more for them.
Metcalf’s Law: Metcalfe’s law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
Metcalfe’s Law is wrong because the marginal utility to the existing users of a communications network is not constant: while it is large and positive for small networks, as networks grow beyond the scale of normal human social circles, the utility drops off quite rapidly, and eventually goes negative.
“Metcalfe’s Law is a simple statistical rule-of-thumb for thinking about the value of network technologies, and not a complete description of these assets’ fundamentals.” Yet, it’s often been cited to presage a surge in the price of Bitcoin or even predict its collapse. And, similarly for other Tokens like Litecoin.
Joseph Lassen expressed: Litecoin $LTC is a chain that’s been chugging along since 2011 longer than most everyone has been in crypto. Metcalf is either a bad prediction metric, or this chain is way undervalued, by 92.4%!
Community reaction: LTC is absolutely undervalued and dare I say a victim of an active suppression campaign that is likely to end/fail very soon. There are no legitimate reasons for the current low price if one believes BTC is valued properly. LTC has all its intrinsic properties with 4x supply.
Undervalued? Why because you hold Litecoin? How can you compare LTC against BTC? It is like comparing cow against chicken and telling people that chicken is more valuable.
Can’t wait for Litecoin to go down to 100$ I will buy so much. Litecoin should be at least 1000 if not 2000.
