LTC/USD to 4-digitsThis is a repost because apparently I broke some TV rule I was not aware of and the last one was hidden. Just want this idea to be out there.
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Litecoin/dollar is mispriced. This value asymmetry should be interesting for investors who value asymmetric bets.
Where is the asymmetry?
The speculative market and the fundamental data are at odds. Reconciliation is logical.
The question is; who is wrong? The speculative market which apparently values SOL; a network which just went offline (again), can barely process txs, is botted to infinity and the home to thousands of scams, or litecoin which hits 200k tx/s on a daily basis and is set to overtake btc in onchain volumes soon?
I bring up SOL just to emphasise how the speculative market is misallocated and probably quite silly. There is no other reason to compare the two since Litecoin is the user-chosen Bitcoin scaling solution and has nothing in common with analos.
The answer is fairly straight forward in my view.
In this chart we can see tx counts, address growth, miner reserves being lower than 2015 levels (contributing to the incoming supply shock) and litecoin volumes in comparison to btc volumes, which are on the rise. I did not include btc fees which rocket during network congestion. This is interesting because the tx-spillover into litecoin is persistent, resulting in permanent network growth.
Ltc is a top 3 asset in the making and it could swap places with eth easily in my view.
