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Litecoin

LTC#25 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Hot: etf or institution
#4of 7 digital cash coinsthe typical one is worth $2.55B$12.22Kpaid in fees, 30 dayswhat people paid to use it#26of all coins by sizeworth $4.08B today8%of the supply still to come6.39M coins can still reach the market

Litecoin is for a platform other apps build on. We have not written its record yet, so its promises are not checked. It trades at $52.55, #26 of all coins by size, 87% below its highest ever price.

This week in the news: ETF or institution.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #4 of 7 digital cash coins. Nothing to be careful of on the record.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersGMCI 30 Index
14 yearson the marketsince 8 October 2011
371.31Kpeople watch iton CoinGecko lists
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Passes all four

  • ✓A real-world jobReal-world purpose: a platform other apps build on
  • ✓Real backingBacking: in the GMCI 30 Index; trades on Coinbase, Crypto.com, Kraken; worth $4.08B
  • ✓Something aheadAhead: news this month about banks, upgrade, etf
  • ✓Room to growRoom: worth $4.08B, 5 times smaller than Zcash, the biggest coin within reach doing the same thing (Digital cash)

In the GMCI 30 Index

  • Origin8 October 2011about about 14 yearsTagged Made in USA on CoinGeckolitecoin.org, GitHub, Whitepaper, Wikipedia
  • DevelopersCharlie LeeFounders per WikidataCode activity not checked
  • BackingIn the GMCI 30 IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
  • Standing on the recordNo recordNo dated promise to judge yet22 headlines last month, 2 about government371,306 people keep it on a CoinGecko watchlistNo corrections needed so far
Why it is worth a look
  • Real-world purpose: a platform other apps build on
  • Backing: in the GMCI 30 Index; trades on Coinbase, Crypto.com, Kraken; worth $4.08B
  • Ahead: news this month about banks, upgrade, etf
  • Room: worth $4.08B, 5 times smaller than Zcash, the biggest coin within reach doing the same thing (Digital cash)
The gap, and what to do

It is already worth more than the typical coin in Digital cash ($2.55B). To match the leader, Zcash ($19.3B), its price would need to rise 373%, to about $248.59.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#4of 7 digital cash coinsthe typical one is worth $2.55B
$4.08Bworth todayprice × coins out
$2.55Bthe typical rival is worthDigital cash
$19.3Bthe leader is worthZcash
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

A platform other apps build on

453 coins tagged Smart Contract Platform, worth $723.36B together. #13 of 453 by worth.

Digital cash: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Litecoin$4.08Bthis coin−2.6%92% outno record
  • Zcash$19.3B4.7× bigger, +$15.22B−0.1%, gap +2.681% outnone dated
  • Monero$9.7B2.4× bigger, +$5.62B+0.5%, gap +3.1no max0 of 7 delivered
  • Bitcoin Cash$4.43B1.1× bigger, +$350.1M−0.8%, gap +1.896% outno record
  • Dash$680.68M6.0× smaller, −$3.4B−2.1%, gap +0.668% out1 of 9 delivered
  • Bitcoin SV$335.17M12.2× smaller, −$3.74B−2.7%, gap −0.096% out0 of 1 delivered
  • eCash$147.64M27.6× smaller, −$3.93B−4.7%, gap −2.196% out8 of 10 delivered
Same job, different how

Digital cash: this coin next to Zcash, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Litecoin says
Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments to individuals and merchants worldwide.
Zcash says
Zcash is a digital currency built to let people send private, encrypted payments to each other.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments to individuals and merchants worldwide.

Problem it says it solves: a platform other apps build on. 453 coins are working on it and together they are worth $723,359,964,122. This coin is 1% of that.

Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Digital cash: this coin next to the group's largest, Zcash.

LitecoinZcash
Years trading15 years10 years
Major exchanges87
Named backers01
Headlines, last month22245
Promises deliveredno recordno record

What it says is different: Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments to individuals and merchants worldwide.

It is 21.1% the size of Zcash. On the facts above it is behind on named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$52.55price of one−2.6% today
87%below its highest ever$410 on 9 May 2021
92%of the supply is out77.61M coins
$12.22Kpaid in fees, 30 dayswhat people paid to use it
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The last 7 days

7 days ago: $55.12now: $52.55 (−4.1%)

Where today sits against its highest ever price

$52.55

Highest ever: $410.26 on 9 May 2021. Today is 13% of that.

92%

of all LTC that will ever exist is already out in public hands: 77.61M coins.

8% (6.39M coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Pays for every use of its network

Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.

  • Every transaction on its network pays a fee in it
$52.55price of one
×
77.61Mcoins out
=
$4.08Bworth today, #26 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 92%of the maximum supply is in circulation: 77.61M of 84M.
  • 6.39Mcoins still to be released, 8% of the maximum. Releases can add selling pressure.
  • 13%of its all-time high of $410.26 on 9 May 2021. That is −87.2% from the top.
  • #26by market cap, $4,078,947,721.
  • 8 October 2011first block, as listed by CoinGecko.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $843.17K is locked in apps built on it right now
  • Users paid $12.22K in fees to use it in the last 30 days

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

22headlines, last monththat name this coin
2about governmentregulation, courts, central banks
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Headlines per day, last 30 days

22 headlines named this coin in the last month.

What they were about

  • Price7
  • ETF2
  • Banks2
  • Whales2
  • SEC1
  • Government1
  • Upgrade1
In the news
What people are talking about, last month:

22 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy