Should LTC return as a silver to BTC and being ranked in the top 5??

[Doell]

The top 5 are mostly occupied by centralized coins, usdt usdc market cap is above 50B, while Ltc is only 4B. I don't think Litecoin can be in the top 5 again, this coin is an old coin but is more popular in the gambling world, the same thing as Dogecoin. But now Doge has earned a place on the side of controversial popular figures, agrees with people above to increase this coin, it must be supported by important world figures.

[livingfree]

We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??

We don't know.

I consider it still a good choice since I'm using it for transfers because it's one of the quickest and cheapest. There's also another one that's undervalued but not forgotten which is Monero.

Due to the government policies, it's being delisted to many exchanges because it is a privacy coin. Their rank had became lower because of the newer coins that got in.

[trendcoin]

I definitely say no. LTC has managed to maintain its popularity as it provides cheap and fast transfer between exchanges. It was widely available on all exchanges. It was fast and cheap. Now everything has changed. There are lots of cheap and fast coins and they are all widely used on other exchanges. In my opinion, LTC cannot stay silver. But I think major coins are always a good option. Because they are more stable than other coins.

[Vaskiy]

According to me Litecoin growing in good value is a much needed one for now. What lacks the growth of Litecoin needs to be identified. Because both the ethereum and Litecoin were similar in growth and position in coinmarketcap. Maybe for users who find Bitcoin to be completely high price to buy as a whole can go for Litecoin.

[cryptosize]

Not only LTC, but also DASH, XMR the first top coins that I think it is very difficult for them to go back to their heyday.

Why do you say that?

XMR is the No1 privacy-oriented altcoin.

I have a suspicion that privacy won't become a major concern till CBDCs roll out.

https://cointelegraph.com/news/digital-euro-could-come-as-soon-as-2026-ecb-official
https://cointelegraph.com/news/proposed-digital-euro-designs-lack-privacy-options-ecb-presentation-shows

The last cycle (2021 ATH) had tons of hype about DeFi, NFTs... the previous cycle before that (2017) had tons of hype about ICOs.

So I wouldn't be surprised if the next best thing is... privacy. We're going to see both legit ones (like XMR) and tons of scams as well. Every new cycle attracts scammers (BitConnect in 2018 was like LUNA in 2022).

You won't need privacy for everything (like paying the electricity bill or grocery/food), but there are certain use cases (not only illegal ones) where privacy-oriented altcoins will shine later on this decade.

ps1: LTC recently added MimbleWimble and it's more popular (CMC rank-wise) than XMR, ZEC, BEAM. Who knows, maybe it has another chance to shine...

Being a BTC copycat is sure not enough, you need to differentiate your offering in the market.

ps2: Pay attention to altcoins that consistently hit a new ATH in every new 4-year cycle:

LTC ✔ ($412.96 / May 10, 2021)
XMR ✔ ($517.62 / May 07, 2021)
DASH ❌ ($1,642.22 / Dec 20, 2017)
BCH ❌ ($4,355.62 / Dec 20, 2017)

[Yogee]

So many members lost faith already hehe. I have to admit that I have stopped following the developments on Litecoin and I rarely see any marketing from them on my social media feeds.

I think the Mimblewimble is their main feature and who knows if the crypto community would prefer increased privacy in transaction. It doesn't look that way now.