/biz/ - Business & Finance

Posting Litecoin boomer every day until etf day 8.

Feels good fellow boomers

It’s time will come, many mentions here of it being the next ETF but it’s way ‘underpriced’ given it’s utility. Check this POW chart out for active addresses.

https://bitinfocharts.com/comparison/activeaddresses-btc-doge-ltc-bch.html#3m

LTC has 36% of BTC trading addresses
LTC has 670% more than DOGE
LTC has 864% more than BCH

Given these metrics LTC mkt cap should be
Vs BTC $500b
Vs DOGE $189b
Vs BCH $103b

And yet it’s at $7.2b, so to get into a fair place given this value metric vs BTC/DOGE you’re looking perhaps at a 30-70x making a LTC worth $6,790

Add to this that in places like Bitpay LTC is the most used for transactions with nearly double the amount spent than BTC, LTC makes up 40% of transactions https://bitpay.com/stats/ if you took this metric vs the whole crypto space LTC market cap would be $1T making a LTC worth $11,904…

You see predictions online, people drawing charts saying LTC is headed for $6-12k and whilst this seems like madness these are exactly the numbers that the active address (therefore network effect) seem to be pointing to.

I can’t find any other crypto that has better investable metrics and I sit here HODLing my LTC disappointed so far but hoping it’s utility will get it noticed.

Coinbase’s “Listing of Litecoin Futures Contract” Submission to the CFTC.
Highlights of Coinbase’s submission:
> Litecoin Futures could commence trading as early as April 1, 2024
>Each ‘LC’ (Litecoin Contract) will represent 5 Litecoin
>Coinbase has set its position limit to 10,000 LC futures; equivalent to 50,000 LTC
>As at March 31, 2024 Coinbase’s spot price was >US$102, giving the 50,000 LTC a notional value of US$1.02b
>Coinbase contends that Litecoin’s price volatility is comparable to that of oil futures and gold.

>>57322707
Based boomer

$101 Buckaroos brother.

-sent from my ipad

It's happening again

It's times like this that I'm thankful I only buy blue chips. Any else here a boomer at heart?

I've finally made it haven't I?

Litecoin has moved up another rank to 16, passing Tron. It has moved up from Rank 23 since I started doing updates last week. How high will it go?

>>51321399
The merge and halvening might just bring Litecoin back to top 10

>>51141307
>Silver monsters
>Water(big short ending)
>Bangs root beer

>>51139626
>>51139648
Everyday is a good day for Litecoin

The Litecoin/Bitcoin ratio is healing

>>51049666
Bought 65, what am I in for?

>>51020618
Cope ethbaggie

Will Miners jump to Litecoin since you can mine it simultaneously with Doge? Is the the most lucrative option now?

>>50181930
Lizard men live lifestyles very similar to boomers. Litecoin is the coin of choice of all 30yo boomers. Also halvenings always positively effects price.

>>49820178
>God bless Charlie for creating the best payment stablecoin in silence and leting it stay alive by living on bitcoin shadow.
Well said brother

Litecoin is an untapped layer 1

>>30441282
same here.

you're here forever.

Thread theme: https://www.youtube.com/watch?v=kKQXG6HAszg

HOLY SHIT, MIMBLEWIMBLE HAPPENING!!!

WE ARE COUNTING DOWN!

*sips* Yup.. there goes my pension.