The Recovery of Litecoin
Currently, we see the third-best bear market in encryption history (do you know?), while Litecoin (LTC) is currently offering $63.81, which is an optimistic question. But anyway, let’s think about it and come up with a reasonable answer.
If Litecoin reaches the thousand-yuan mark, the current market value of supply will reach 58 billion. If the largest amount of tokens is in circulation, it will need 84 billion. How far is that out of reach?
Litecoin’s highest market value reached $20 billion, when litecoin price was at its highest point, so even if everything is a peach, it is still only one-third of the milestone required.
To do this, there are a few things that are necessary. First, we need a group of basic investors (or a large group of investors) who wholeheartedly believe in the future of Litecoin, a long-term project on practicality and reliability.
This will bring a lot of money to the Litecoin pool, and it will slow sales. If sales are reduced, the token supply may become limited enough, so it only appreciates because of scarcity.
But in this regard, no matter what happens, Litecoin holders must ensure that they should stick to their coins. Second, Litecoin’s adoption must be broader and faster, so tokens are more useful, and it attracts (and even unknowingly) new users, otherwise they won’t dream of entering encrypted games.
Litecoin has launched an event to encourage people to use Litecoins to pay for goods and services. Demand and demand for driving are rising, and demand is a factor in increasing prices. Litecoin’s leadership is very aware of this fact, which is one of the reasons why they bought a bank in Germany (well, not the entire bank, only 9.99%, but this is enough for our purposes).
This is because someone suggested that Litecoin’s creator let the bank issue a Litecoin debit card. It is a wonderful idea to promote adoption. If you have Litecoins and you can use them on a debit card on the street, the final advantage of fiat money relative to the digital currency is complete.
Not only can you use your tokens online, but you can also use your tokens on the street, just like you use paper money and metal coins. If Litecoin can cancel the debit card technique, it will reach the thousand dollar mark for a long time.
They are not alone, as Stellar Lumens and Ripple already have new partners who are planning to issue encryption-based debit cards. But Stellar and Ripple still don’t have a bank or an important stake.
Then this is what you can do. Just spread the word. Don’t lie, tell the truth. It’s fun to participate in the password circle, it’s challenging, it’s fun, it can make you very rich in the near future.
But it is also dangerous and unpredictable, and it is a wilderness due to lack of supervision. Discuss this topic with your friends and family as part of a regular conversation. If you are knowledgeable and honest, you will generate interest, who knows, maybe you will help them.
Litecoin is a stable coin that is useful in the real world, and the litecoin market is stable as well. it has excellent leadership and it ensures all the right partnerships. There is no reason why it will not rise to a thousand dollars sooner or later.
Imagine: Bitcoin reached a low of 67.809 at some point (which means it is cheaper than Litecoin just a few days ago), it is now worth seven times a thousand dollars, and does not have all the advantages that Litecoin currently has. Litecoin will get there. This is more or less inevitable. If you want to get more litecoin news, please do follow me.