According to Litecoin’s founder, Charlie Lee, Bitcoin, Ethereum and Litecoin are the only good cryptocurrencies to invest in and all other coins are not so much. To support his argument he says that these three cryptocurrencies are the only cryptocurrency that is listed on all major exchanges.
On October 16th, Litecoin got listed on Gemini and became the third cryptocurrency to be listed on major exchanges. The other two were Bitcoin and Ethereum. More the number of exchanges a token is listed on, the higher it’s liquidity value.
Apart from being listed on all major exchanges, these cryptocurrencies are also supported by major hardware wallets, providing a huge amount of security as well.
Charlie Lee tweeted,
The cryptocurrency markets are currently in a bearish phase. Bitcoin is trading at $6474, while Ethereum is trading at $203 and Litecoin is trading at $52.20. Out of these three, Litecoin is showing bearish sentiment the most, as its weekly chart shows a downward trend.
This tweet soon became a controversial tweet though, by different community members disagreeing with Charlie Lee.
One person thought, Charlie Lee, was just taking a jab at Bitcoin Cash.
Another commented on Charlie’s selling of Litecoin at the All-time high.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
A New Era for Global Trade: Alibaba Taps JPMorgan's Blockchain Global commerce has long been…
The Promise of Web3 Meets a Centralized Reality Web3 was built on a revolutionary promise:…
Bitcoin's Sudden Plunge Shakes the Crypto Market The cryptocurrency market is awash in red after…
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…