We have seen a lot of discussion about Litecoin due to it's sharp price down. Many of them are now thinking that, it is the end of Litecoin. But in my opinion, litecoin still have some advantages. According to the market capital this is now ranked 7 in the world. At this moment it has total market capital $3,091,736,504. But why people are afraid of investing on litecoin now?. In this post we will talk about those reasons.
Total number of litecoin is more than bitcoin. That means the miners of litecoin makes lower profit for mining of each block. In the beginning miners used GPUs, but now they are using CPUs to be benefited. Also trading volume is not as much as bitcoin.
Other reason of thinking about that is to decrease of bitcoin price. Many of us are thinking that if bitcoin falls, litecoin will fall with it. Both are different in design and different in value. So this can not be true. The main problem is that the miners are not getting profit from litecoin mining.
However, we need to pay attention on making profit for miners other than it's future. Share your valuable thought in the comment section.