So let’s talk price, because I’m sure that’s why many of us are invested.
The LTC/BTC ratio last bull run was about .02 when calculating both highs. So, isn’t it fair to assume that LTC will again achieve a ratio of .02 or greater? At a 100k per BTC, this would mean 2k per LTC.
In my opinion, I think a .02 might be too conservative this bull run. Let’s take a look at the fundamentals:
LTC has a 84m coin cap and 5.5b market cap.
BTC has a 21m coin cap and a 333b market cap.
Assuming the value of LTC becomes widely perceived as the silver to BTC’s gold, that would indicate a 0.25 ratio of LTC/BTC (~$4500 rn). I mean the economics of LTC makes sense to me, it is fundamentally the same as BTC, just faster, cheaper to transact with, and has a higher coin cap. If anything, it should be MORE valuable in terms of market cap than BTC. Am I wrong for thinking this?
TLDR: Litecoin is extremely undervalued and will give the highest ROI this bull run.
Safe assumption: .02 LTC/BTC
Aggressive assumption: .1 LTC/BTC
I’m David Burkett, the developer of Grin++. I’ve been working with ecurrencyhodler, Charlie, and others for several months now to design a Mimblewimble extension block so that LTC users ...