Litecoin IS EXTREMELY Undervalued!

avatar

I've always wondered why Litecoin is so undervalued. It was one of the earliest cryptocurrencies to emerge after Bitcoin, and back then, people often referred to Litecoin as the "silver" of the crypto world—just as Bitcoin was considered "gold" and Dogecoin, "copper." Yet, despite its early prominence, Litecoin has seen a significant decline in value compared to other major cryptocurrencies.

In my mind, I always envisioned Litecoin maintaining a spot in the top 10, or at least the top 20 coins. But looking at today’s market, it barely holds onto the 25th rank by market capitalization (according to CoinGecko).

Now, don’t get me wrong—being ranked 25th isn’t necessarily bad. And if we exclude wrapped tokens and stablecoins, Litecoin actually sits comfortably within the top 20, ranking 19th. Still, the fact that Dogecoin ranks higher in terms of market capitalization feels off to me.

To be clear, I don’t think Dogecoin is overvalued. On the contrary, its market cap of approximately $24.023 billion USD at a value of $0.165 USD seems relatively fair. But Litecoin, in my view, is definitely undervalued. It's known for being less volatile during bullish markets, although it does tend to drop sharply when uncertainty hits the crypto space.

Litecoin currently has a market capitalization of around $5.828 billion USD—nearly one-fifth of Dogecoin's. Personally, I believe Litecoin should be valued at least twice, if not three times, as much as Dogecoin. If we were to assume Litecoin's market cap were double that of Dogecoin’s, its price wouldn't be sitting at $77 USD—it would be closer to $635 USD.

Of course, the markets don’t revolve around what I think Litecoin should be worth—we all play a part in shaping its value. Still, I can’t help but wonder if others share the same perspective. What do you think the fair value of Litecoin should be?



0
0
0.000
0 comments