Litecoin is currently the sixth largest cryptocurrency by capitalization, but in recent months it, like many other cryptocurrencies, is not experiencing the best period. However, some analysts cryptocurrency declare that Litecoin will soon become as popular as bitcoin.
After the failure of the LitePay project, and also because of the news about the launch of the main EOS network, nothing has been heard about Litecoin lately.
Nevertheless, Gabriel Francisco of the TMT Blockchain Fund believes that Litecoin will be one of the first cryptocurrencies that will actually become popular among consumers. In an interview for Express.co.uk, he stated that:
“Litecoin is preparing for a breakthrough. This cryptocurrency is often called the most stable cryptocurrency. At the moment, 84 million Litecoin coins are in circulation. This is four times more than bitcoin coins, and transactions in this cryptocurrency are also 4 times faster. In other words, bitcoin is gold, and Litecoin is silver. “
According to Francisco, Bitcoin will continue to be used as a valuable asset for investors, while Litecoin will, in fact, be used for payment.
“Bitcoin will be used as a valuable asset, and Litecoin will be one of the first cryptocurrencies to be used to purchase goods and services. This year, Litecoin is likely to test its previous highs if it does not settle the new ones. “
Supporters of this cryptocurrency are now conducting a special company called “Pay with Litecoin”, whose goal is to make this cryptocurrency popular for payment of goods and services.