With the advent of the new L2 that it’s getting, Litecoin will reach the coveted top 10 again. Right now, i believe that the only reason it isn’t there, is because it’s lacking behind development wise. It hasn’t received any meaningful changes in recent years and so, naturally it has been surpassed by other chains.
Why do i think it will be able to reclaim this spot? Simple really. LTC is one of the most used coins for stable transactions and is in fact the most used BitPay blockchain. This isn’t likely to change, meaning it has tremendous staying power. So with this new “upgrade”, curtesy of LitVM, it shouldn’t have much issue, utilising this base, to move back up the tier list. Imagine what Web3 will do for LTC. Imagine being early to this as well, the rewards could be huge.
Here is the link in case anyone wants more info: https://linktr.ee/LitVM
submitted by /u/ABCD170
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