What's Happened to Litecoin and Monero? Are They Still Worth Investing

[d5000]

Such threads pop up every now and then. There doesn't seem too much progress with LTC and XMR. But if you look deeper, you see:

- The Monero community has built a lot of tools in the last 2-3 years which allow to trade it P2P (via atomic swaps, for example) and thus you don't need the CEXes anymore.
- LTC has added extension blocks and Mimblewimble (MWEB), so it has optional privacy now. This was already some years ago but I think it isn't used as much as it could, so there's still potential for more adoption in the near to mid-term future.
- LTC's price grew 28% in the last 30 days, making it the third altcoin of the top 30 in terms of price growth behind only ETH and Chainlink. In the last year it grew almost 100% (in August 2024 it was about $65).
- XMR's price grew 75% in the last year, amid massive delistings. It couldn't hold a spike up to $400 but is performing still very well when comparing to most other altcoins.
- LTC is still strong in the "payment coin" market: it has 200k transactions per day (Bitcoin has 400k approximately).

Innovation matters mostly for new altcoins. For old coins, it's more important to strengthen the community and find new use cases. It will be interesting to see if there's a LTC ETF and how the market could react to this. For XMR I don't think an ETF is realistic in the current political landscape, but it seems not to need institutional money.

[luckyspirit]

Litecoin is losing its status as a silver of crypto. People started to abandon it as it gives no value other than capital gain. You get nothing when holding LTC, i think that's the reason people are not massively using it as investment.

I agree with Litecoin's assessment although it is less relevant now. Why would is use Litecoin when I can use Lightning Network on Bitcoin? Much faster, cheaper and safer.

As for Monero, since the regulation is getting stricted to the crypto. It's impacted all of centralized exchange sites, which has become central of liquidity. The order by regulators to ban anon coin from cex is giving massive impact to the monero. It's hard to sell or buy it since it can be done only through p2p.

For this you are making a mistake. All of the reasons you have provided are reasons for which one should buy Monero, and not reasons against. It can also be seen as factors that suppress market performance but it is not working that well.

It will be interesting to see if there's a LTC ETF and how the market could react to this. For XMR I don't think an ETF is realistic in the current political landscape, but it seems not to need institutional money.

Monero always has demand because of its unique and strong features, it does not need artificial utility.

- The Monero community has built a lot of tools in the last 2-3 years which allow to trade it P2P (via atomic swaps, for example) and thus you don't need the CEXes anymore.

Do you maybe know where this community is the most active? I don't see much of them on this forum here?

[d5000]

I agree with Litecoin's assessment although it is less relevant now. Why would is use Litecoin when I can use Lightning Network on Bitcoin? Much faster, cheaper and safer.

I still think an on-chain transaction has qualities which are lacking by current layer-2 solutions. For example, you don't need to be online to receive payments, and you also don't have to monitor your channels constantly for attacks.

A working 100% decentralized sidechain instead could be more the kind of app which could get back market share fore the "payment" use case from altcoins for BTC.

Do you maybe know where this community is the most active? I don't see much of them on this forum here?

The Monero subreddit is quite active: https://www.reddit.com/r/Monero/

There are also some other forums/communities, for example:

- https://forum.monero.space/ (not too active but a lot more than here at Bitcointalk I think)
- https://discord.gg/SyGUMWBqvF - Discord (I'm not using it but Discord communities tend to be large in the altcoin space)
- https://www.getmonero.org/community/hangouts/ - Site with some more options

[Mpamaegbu]

Monero maintains a strong community and real-world use case but faces more external risks (regulatory, network security). It’s still a viable choice for those seeking privacy and willing to accept higher volatility. Bitcoin is better. Dash too.

At the moment, Monero is not having it rosy with the heated competition it's having with the Qubic project. From what I read on X, Monero is under attack with Qubic been in control of 51% of its hashrate. This is threatening to destroy confidence in Monero. According to the post, "With its current dominance, Qubic can rewrite the blockchain, enable double-spending, and censor any transaction." That's not good for Monero's image. You can read up the rest of the post from the link below. I can tell, it's not looking good for Monero.

https://x.com/p3b7_/status/1955173413992984988?s=46&t=Tge7wL0CQSIsAr5gGlK3vw

[d5000]

From what I read on X, Monero is under attack with Qubic been in control of 51% of its hashrate.

There is conflicting information about this. This forum post claims they never went over 50% but had a short time with about 40% which enabled them to do some selfish mining with a reorg what enabled them to find 50% of the blocks for some time. Currently however data seems to suggest they have around 30%. According to this site, ~26% of the hashrate is of unknown origin (which could be Qubic, among others) and the rest are bigger Monero pools.

Edit: also BitMEX wrote that they never reached 51%, see here. Their suspicion is also that the reorg was a small successful "selfish mining" attempt.

Apparently there was a massive social media attack going on to try to convince miners to join Qubic's pool, but they failed at that afaik.

[jatin729]

Do you maybe know where this community is the most active? I don't see much of them on this forum here?

Litecoin community has active members on Reddit,
https://www.reddit.com/r/litecoin/s/QO0ObrivMa

[Mpamaegbu]

~

Hey! Look at what I found as I went deeper to research the subject matter. @C_f_b, the dude behind Qubic, has even made an open offer on his X handle for an independent reviewer to step in and do justice to that instead of the ongoing media war between the Qubic and Monero communities. Someone suggested @DesheShai (X handle), a dev that worked on Kaspa, to him. Let's see how the whole thing works out in days to come.



Interestingly, CFB was even active on this forum until 2021. BTT is indeed huge on Bitcoin and cryptocurrencies. He shared a conversation he had with some dude here...



Here's Come-from-Beyond's profile in case anyone is interested in reading what they were up to in the past. Also, here's the link to that post  https://bitcointalk.org/index.php?topic=1319681.msg13508913#msg13508913

According to psychologists and their stages of Grief which is classified into five – Denial, Anger, Bargain, Depression and Acceptance.

IMHO, I think the Monero team is going through the second stage of grief now which is Anger.

At first when the whole thing started, it was outright denial that it wasn't going to be possible to even attempt. Now that an attempt has been made, it's the level of attack (percentage) that's the arguement.

Perhaps, it will soon get to stage three or it ends in stage two. Only time will tell.