Ok the market is crashing again ( you can call it a correction too ) but its not the end of crypto.
Not the end for sure , but its the market getting a deep breath before reaching for the next step.
So what's that has to do with Litecoin (LTC) ?
Well in my humble opinion :
1 ) Bitcoin is the gold that we all agree upon. Yes it is and there are 21.000.000 of it .
Nobody can decide to create more BTC and decrease its value ... so as long as gold will eventually go up ... so will silver
Yes Litecoin is the silver and its the second runner in the form of storing value in a crypto currency.
2 ) LTC is superion its its tech against BTC its has faster transactions and lower fees.
Maybe all that will change when Lighting Network will become the norm in BTC but still LTC is faster and cheaper for
transactions that BTC is . Is that a reason for its price to reach 1000 USD ?
Yes... but keep in mind that it took Bitcoin a few more years in order to skyrocket.... just wait.
3 ) Circulation ... how many LTC exist ?
There are 84.000.000 of LTC that will ever face the surface of this earth and make us humans happy with their silver beauty... Until now we have 55.000.000 of them running here and there and we are waiting for roughly 30.000.000 more...so not that many of LTC and ill just let you know that BTC has a higher currently supply right now ( 16.000.000 out of 21.000.000 ) . ...
4 ) Well silver CAN'T Be just 1/100th of Gold !!!!! SO YES
LTC WILL BE A 1000 USD coin soon !
- that's not financial advice but just my opinion -
-Cryptagoras
