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Litecoin Founder Refutes Bankruptcy FUD, Celebrates LTC Birthday



Litecoin has just turned eight years old. LTC was launched in October 2011 and has stood the test of time alongside its big brother which spawned the hard fork. Lately, there has been a lot of FUD over the crypto asset, and most of it is completely tenuous and unnecessary.

Litecoin Survives 8 Years

Cryptocurrencies come and go, some in just a short space of time. The market clearly isn’t big enough yet to support even a fraction of the almost 3,000 coins and tokens listed on One good way to find out which ones have the mettle is to look at those that have survived the test of time.

CMC’s historical snapshot tool does not even go back as far as the time LTC was spawned and its earliest day is April 2013. Back then just seven cryptocurrencies were listed and today only two of them still exist in the top 300: BTC and LTC.

Litecoin creator, Charlie Lee, celebrated this achievement with a birthday tweet for the word’s sixth largest crypto asset.

Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted.

Naturally, a lot of crypto tribalism and mudslinging followed that tweet with many investors remembering how Lee sold out at the peak when Litecoin topped $350 almost two years ago.

There were also calls of bankruptcy following a media FUD storm targeting the project. Lee was quick to refute this adding;

It’s not near bankruptcy. Don’t listen to stupid fud and lies. We have enough money to last 2 years.

Granted, Litecoin has failed to hold on to its gains this year, but so has every other altcoin so the FUD is purely superfluous. Since the beginning of the year, LTC has gained 88% to its current levels despite a massive 60% correction from its 2019 high of $145.

LTC price YTD –

The chart mirrors that of most other altcoins which are all still moving in synch with each other. It did suffer the death cross in late August as the downtrend intensified and is unlikely to recover until Bitcoin starts heading north again.

LTC has been consolidating around the $55 level for the past three weeks but has been in a steep downtrend since the end of June having gained very little from the halving event.

The silver to bitcoin’s gold has survived 8 years and outlived many others that have come and gone, it also is likely to be around for a little while longer regardless of what the detractors think.

When will Litecoin price make a recovery? Add your thoughts below.

Images via Bitcoinist Media Library, Twitter: @SatoshiLite, LTC/USD charts by TradingView

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More Americans have heard of Dogecoin than Ethereum: Survey




In just over five years since it launched, Ethereum introduced the world to smart contracts, decentralized finance, yield farming and non-fungible tokens, and has long stood just behind Bitcoin as the second-largest blockchain project by market capitalization.

Dogecoin (DOGE) is a meme cryptocurrency which has provided no innovation, has no real raison d’etre, and is only popular because it became the plaything of a famous multi-billionaire during the past 12 months.

So naturally, as one might expect, the average citizen is already more familiar with Dogecoin than they are with Ethereum. That’s according to the results of a survey conducted by Harris Poll, in conjunction with CouponCabin, which asked over 2,000 adults in the United States to give their thoughts on cryptocurrencies.

According to the survey’s findings, 29% of respondents said they were familiar with Dogecoin, compared to just 21% who were familiar with Ethereum.

Of the total 2,063 respondents, 89% said they had already at least heard of cryptocurrency. Bitcoin was already known to a majority (71%) of respondents, with Dogecoin being the second most well-known coin.

Other digital assets that Americans claimed familiarity with included the stablecoin launched by Coinbase and Circle, USD Coin (USDC), of which 21% of respondents said they had knowledge. Some 18% of respondents said they were familiar with Litecoin (LTC), and 10% said Stellar (XLM) was known to them.

When asked whether they believed cryptocurrencies would become the future of money, 31% responded positively, and 30% said they thought of crypto as “innovative.” At the same time, 23% of respondents said they regarded cryptocurrency as a get-quick-rich scheme, while 19% characterized the technology as shady or nefarious. Almost half (44%) of respondents said they’d be open to receiving cryptocurrency as part of an online cashback rewards program.