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#ltc Lite has already been abandoned
The bulls boast about Lite for the following reasons: record high hash rate, record high on-chain usage, and no downtime records. However, these so-called advantages are actually Lite's biggest problems.
1. Record high hash rate
As an established mining coin, Lite has a complete and mature computing system, but it lacks Bitcoin's consensus and the prosperous ecosystem and governance system of emerging public chains, resulting in no positive additional benefits from simply holding Lite coins. It is far less tangible than the model of mining, withdrawing, and selling for profit to continue increasing mining machines. Therefore, this situation leads to an illogical scenario where the hash rate remains at record highs, but the coin price does not rise and instead falls.
2. Record high on-chain usage
Lite's only function is its payment capability, but its end customers are mostly ordinary people from relatively underdeveloped areas, with usage scenarios mostly involving small amounts, quick circulation, and immediate cash conversion. The proportion of enterprises, large merchants, and multinational companies is very small, leading to a lack of a certain base of capable value holders. The reason for this is still related to the first point: holding Lite provides no additional value; it is merely a tool for transfers, rather than an investment for deeply engaged users, and it faces the risk of price fluctuations, which is unacceptable for those using Lite's payment functionality. Thus, this leads to the paradox of high usage rates while the coin price does not rise and instead falls.
3. No downtime since its operation
From the above two points regarding Lite's usage scenarios and its inherent limitations, it can be understood that Lite's on-chain behavior is very singular. It neither has DeFi, nor stablecoins, NFTs, RWAs, or any series of slightly more complex functions; it has only one payment function. Such demand for usage is basically impossible to experience downtime, but this is not a point to boast about; rather, it is its greatest weakness. Has Sol's multiple downtimes affected its coin price and development? Has Ethereum's severe congestion and not-so-cheap gas fees affected its greatness? Because of this vibrant public chain ecosystem, solid foundation, and strong formula, with many participants handling large volumes of data, it is the true cornerstone of blockchain, where weaknesses become strengths. The claims of no downtime, as touted by the bulls, are merely a façade for a funeral celebration.
If you have a different opinion, defer to yours; I just want to say that coin prices do not lie; people come here to make money. By the way, there's also ADA, and comparing these two with Sol will make it clear.
The bulls boast about Lite for the following reasons: record high hash rate, record high on-chain usage, and no downtime records. However, these so-called advantages are actually Lite's biggest problems.
1. Record high hash rate
As an established mining coin, Lite has a complete and mature computing system, but it lacks Bitcoin's consensus and the prosperous ecosystem and governance system of emerging public chains, resulting in no positive additional benefits from simply holding Lite coins. It is far less tangible than the model of mining, withdrawing, and selling for profit to continue increasing mining machines. Therefore, this situation leads to an illogical scenario where the hash rate remains at record highs, but the coin price does not rise and instead falls.
2. Record high on-chain usage
Lite's only function is its payment capability, but its end customers are mostly ordinary people from relatively underdeveloped areas, with usage scenarios mostly involving small amounts, quick circulation, and immediate cash conversion. The proportion of enterprises, large merchants, and multinational companies is very small, leading to a lack of a certain base of capable value holders. The reason for this is still related to the first point: holding Lite provides no additional value; it is merely a tool for transfers, rather than an investment for deeply engaged users, and it faces the risk of price fluctuations, which is unacceptable for those using Lite's payment functionality. Thus, this leads to the paradox of high usage rates while the coin price does not rise and instead falls.
3. No downtime since its operation
From the above two points regarding Lite's usage scenarios and its inherent limitations, it can be understood that Lite's on-chain behavior is very singular. It neither has DeFi, nor stablecoins, NFTs, RWAs, or any series of slightly more complex functions; it has only one payment function. Such demand for usage is basically impossible to experience downtime, but this is not a point to boast about; rather, it is its greatest weakness. Has Sol's multiple downtimes affected its coin price and development? Has Ethereum's severe congestion and not-so-cheap gas fees affected its greatness? Because of this vibrant public chain ecosystem, solid foundation, and strong formula, with many participants handling large volumes of data, it is the true cornerstone of blockchain, where weaknesses become strengths. The claims of no downtime, as touted by the bulls, are merely a façade for a funeral celebration.
If you have a different opinion, defer to yours; I just want to say that coin prices do not lie; people come here to make money. By the way, there's also ADA, and comparing these two with Sol will make it clear.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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