/biz/ - Business & Finance

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.

>>29909113
/biz/ was even better than this. but as of late, the jannies and mods have been pruning and banning like no ones business. I've been banned 3 times since the bull run for making typical green or pink wojak threads or talking about actual work.

The current mod and jannie need to fucking chill.

>>29884260
this