Why is litecoin not doing well despite massive adoption?

[Fidelia]

I think for most people that receive payments online, litecoin has become the number one crypto for that. It has a real case value proposition and it is very popular.

Why is it that litecoin is still languishing around 60$ when it is supposed to boost up?

 

[King Belieal]

I think the game changer here has always been the inability for litecoin to support smart contracts. That is why it has not really boomed in price.

 

[riberet19]

Litecoin is mainly used for payments and not as an investment, also to be converted into other cryptocurrencies, given its low commissions, apart from that I do not believe that cryptocurrencies are in mass adoption by any means.

 

[King Belieal]

Litecoin is mainly used for payments and not as an investment, also to be converted into other cryptocurrencies, given its low commissions, apart from that I do not believe that cryptocurrencies are in mass adoption by any means.

That means people don't hold litecoin. But even a payment crypto like Bitcoin cash is actually doing well. What of Solana too? I don't think being a payment crypto is what is holding litecoin down.

 

[riberet19]

That means people don't hold litecoin. But even a payment crypto like Bitcoin cash is actually doing well. What of Solana too? I don't think being a payment crypto is what is holding litecoin down.

Bitcoin Cash, although it is used for payments, has stronger fundamentals than Litecoin. Just do a little research into the cryptocurrency and you will realize why many more people hold it. Solana, on the other hand, is a layer 2 blockchain with DeFi, metaverses, NFTs and more. things, it has more functionalities and uses.