Will ABRA make LTC more scarce by the end of the month?
So it is clear that ABRA needs LTC to work it's magic. But LTC is not fully the backbone of ABRA as of today - they are switching over from BTC to LTC "by the end of the month of May." Once native deposits of LTC are enabled it is obvious that old LTC will start to "migrate" into/on to ABRA.
But will this "event" start to "lock up," more and more LTC? Or just move it around? Will the "available" LTC shrink is the question? If so. by what order of magnitude? Will the effect be quick or take most of the rest of the year to establish?
During the bearish market, LTC was one of the cryptocurrencies that suffered loses the most. For a long time now, LTC has been hovering around $50. The dramatic drop in price, at one point, left inves...