We all know Litecoin is one of the most used cryptocurrencies, the question is where will it fit in the future and why?
(My personal opinion)
First thing, what makes Litecoin so great?!?
- Fast transaction speeds
- Low transaction fees
- It's simple
- Great marketing
I know at first this seems like all these features are not that much or special at all compared to other cryptocurrencies, but Litecoin is one of the first Cryptocurrencies, with a great marketing strategy since the beginning.
Litecoin has been marketed as the cheap coin from all the cryptocurrencies, even tho there are now cheaper and faster cryptocurrencies
Most people aren't cryptocurrency experts or even slightly followers, the name Litecoin instantly gives out the idea it's a cheap and fast cryptocurrency, which makes it almost an instant choice for the average person, who doesn't know much about cryptos.
Another great thing Litecoin, is going to use Lightning Network like Bitcoin, which will reduce the price of fees even more, which makes it even a better option.
The fact Litecoin is such a simple cryptocurrency makes it a great option for trading and buying online goods, when we purchase something online, we want it fast and simple, which is what Litecoin is all about.
Hope this information, will help you make a choice on to invest on Litecoin or other crytpocurrencies, I am gonna continue make this kind of posts, "Where does Xcoin fit in the real world", upvote or follow me if you enjoy this kind of content :)