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Author Topic: Litecoin vs binance Coin  (Read 1407 times)
tamim60 (OP)
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July 23, 2021, 01:30:06 PM
 #1

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
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July 23, 2021, 01:58:11 PM
 #2

Binance looks more focus. I have read the CEO hyping the coin to go pass bitcoin and whether this will happen is for time to tell but binance coin has come to light because of the exchange that is one of the giant in crypto exchange. It has the hype of the exchange so I think it will continue to get attention more than litecoin. Litecoin has not been very active and creative lately on like etheruem.

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July 23, 2021, 02:27:38 PM
 #3

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
in my opinion between litecoin and binance have different  fundamental and could not compared peer to peer. As exchange binance have biggest trading volume now and user continuesly growth every day, as smart platform binance smart chain have big ecosystem that will used bnb as gas. Meanwhile in litecoin we only see lightning network that still developted. Personally i see binance still better.
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July 23, 2021, 03:11:26 PM
 #4

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
No need to think of overtaking.

Why there's always a comparison like this and don't just look at their usage? If you like BNB, buy it. And if you like more Litecoin then buy it too.

But if you like both, no need for that comparison, just buy them both.

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July 23, 2021, 04:33:55 PM
 #5

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
The are two coins in different worlds, the only thing we can compare about them is their crypto position and block times that's it. But if we had to, Binance is more superior in spite being the younger coin it has more usefulness like serving other coins on its blockchain and it now has one of the biggest crypto communities for its coin and as for ltc all I can think of is its a store of value.
Binance coin needed to be compared to coins like Ethereum, waves etc.
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July 23, 2021, 05:24:54 PM
 #6

Nope!

How the adoption going and everything + a support from their founder "Binance Coin" more potential rather than "Litecoin" do you remember a long time ago how the founder "LITECOIN" tell everybody he sold his bag during bullish 2017.

IMO, this act just make a bad vibes for them.

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July 23, 2021, 08:47:04 PM
 #7

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
litecoin can't go in parallel with binance coin, it is trend coin and it is progress on going super fast. i think ltc not being upgraded in time so that it’s uses reducing day by day for that  influence in ltc market price. in this time ltc's all of development a bit slow, i don’t think ltc can overtake bnb.
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July 23, 2021, 10:09:27 PM
 #8

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.

I don't think so ltc would overtake binance, and with the current standing of bnb there's no way for this coin to beat it's popularity and influence from huge group of holders. We all notice the strong foundations of binance smart chain network, it has now unleashed for may people who entrusted their faith to this platform. It's now becoming a serious hype over it, despite of market downfalls of other altcoins.

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July 23, 2021, 11:52:50 PM
 #9

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.

Binance is currently on-demand because it's not just an exchange. BNB has lots of use cases and even use by some DAPPS because of its low fees and smooth bridge. In today's crypto hype, if a coin has a loud community, it will attract most people to get in.

But we should not compare these 2 as both are good coins to list on our hold assets.
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July 23, 2021, 11:56:01 PM
 #10

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.

Binance is currently on-demand because it's not just an exchange. BNB has lots of use cases and even use by some DAPPS because of its low fees and smooth bridge. In today's crypto hype, if a coin has a loud community, it will attract most people to get in.

But we should not compare these 2 as both are good coins to list on our hold assets.

I agree with you here. Both alts are very promising to hold in your portfolio much better than hyped up coins. But right now, I have more BNB than LTC. With many events happening in Binance, their growth may be faster than LTC. But that is only my opinion. I can easily check the updates and developments in binance platform as I am also a regular user of their exchange.
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July 24, 2021, 01:19:10 AM
 #11

When Binance Coin first started as an ERC-20 token I didn't think it had much of a future. It's only use was for paying fees on Binance. Since then they created a new blockchain and then pivoted towards being a smart contract platform that could compete with Ethereum. I am impressed with how far they have come.

When you look at Litecoin, the development is stagnant. Their daily transactions started going up after some on-chain game started spamming the blockchain but this is not an organic rise in adoption. Litecoin will get left behind like other payment coins that tried to compete with Bitcoin like Dash and BCH.

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July 24, 2021, 02:28:53 AM
 #12

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
What should be the Basis for this overtaking? Binance is more stable and supported specially as a coin represent the biggest exchange we have now.

While litecoin is a currency that once being Abandoned and sold so what you think? Will litecoin has a support like what binance has?

I think it is not right to compare and the answer is always the same , It is Binance that will win .

Binance having 50 Billion Dollars Market cap while Litecoin only has 8 billion and still lowering.









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July 24, 2021, 03:36:35 AM
 #13

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
It will never happen. Binance was on the different level and it has dozens of usability while litecoin doesn't have any usability. From here we can see that if binance coin will never be beaten by litecoin.
Litecoin is just a coin that can be only used for the transaction. It doesn't have utility usage. It's only store of value

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July 24, 2021, 03:49:00 AM
 #14

Binance Coin and Litecoin are nothing alike. Litecoin is a very old and simple coin. It doesn't really do much except its blockchain is usually free from transactions and you can send small transactions for a very low fee. Its one of the reasons why I used it in the past. If you got like $100 on an exchange, and want to send it to another exchange, usually if you want to withdraw BTC, ETH, Tether or USDC, you will need to pay $10-$20 or so.

So if you just buy LTC on one exchange, withdraw it, usually confirms within 2 minutes, and then sell on that exchange, you can do it much much cheaper. This is probably what many small traders are doing these days with LTC.

Binance is different because it has a use case such as reduced fees and its deflationary with all the coin burns. LEO and FTT are also similar coins. Usually they all followed the rally up to Coinbase Nasdaq listing and then started to pullback.

So Litecoin and BinanceCoin are nothing alike.

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July 24, 2021, 04:14:36 AM
 #15

Hasn't binance been overtaking the litecoin since a long time ago? people didn't interested anymore in litecoin although the price is still very high but it caused by bitcoin and it's not caused by the litecoin itself.
Litecoin doesn't have the power to overtake binance coin. Binance coin gave so many advantages to its holders while litecoin gave nothing.
Both can't be compared because the answer is binance still ahead of litecoin.

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July 24, 2021, 04:17:02 AM
 #16

Probably never, litecoin already falls behind in term of technology and as you see bsc that use bnb already become so popular it compete directly with eth not to mention theres this large exchange called binance that support bnb. I think the chance of litecoin overtaking bnb is really slim and as long as the smart contract craze still continues with all the innovations like nft, etc. That only make the gap between litecoin and bnb wider.

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July 24, 2021, 04:19:23 AM
 #17

In terms of development since that's where do investors tend to be attracted then for sure Litecoin would be eating the dust on what BNB is doing. Binance isn't just focusing on one thing or two but they are disrupting almost on all sides of the cryptoverse. You name it - DeFi, NFT, exchange, own chain, and much more. I'm not saying Litecoin is left out but people really are into those who do works and Litecoin GitHub seems not that updated, pull requests and issues not properly managed.

I'd say they'd be left behind with this L2, L3 kind of coins that are into more the disruption of more scalable state and has more use cases, just my two cents.
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July 24, 2021, 05:15:25 AM
 #18

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
Binance coin have a high demand now coz  it has some plus points
1. Binance coin now is top 4 coin on Coinmarketcap
2. It is a biggest Exchanger token
3. It has own blockchain and is being used a lot
4. All exchanges have BNB trade pair
5. BNB is constantly being used for presale, ICO, IEO, IDO, ETC
So the demand of BNB is higher than that Litecoin

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July 24, 2021, 05:26:32 AM
 #19

There are currently many coins in cryptocurrency, including light coins and binance coins. But now Binance Coin is take very good position than litecoin. Can you think litecoin  also overtake binance.
It seems it is hard for litecoin to overtake binance position as we see litecoin are in number 13 position while Binance is at number 4. But maybe litecoin still has a chance to lift the position in the future since everything can change in the future. But for the investor, they can buy both binance and litecoin together because those coins can back to increase to the high price in the future. At this bear trend, they will accumulate more binance and litecoin and will make a profit once the bull run comes to the market.

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July 24, 2021, 05:46:48 AM
 #20

This shouldn't even be a question. Binance coin is largely popular and good for various things, litecoin is only popular for the veterans who has known this coin but most of newer people will always know BNB first before even knowing litecoin. From that we can make conclusion that litecoin losing in popularity against BNB. BNB is popular because many new people think of it as the most important coin when they are using BSc which widely used right now amny many projects.
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