Charlie Lee, the creator of Litecoin, the 22nd largest cryptocurrency by market capitalization, made a positive statement about the popular joke currency Dogecoin (DOGE) in a recent statement.
In his statement, Lee even states that Dogecoin, the first joke coin, is ready to take many people “into space”. In addition, Lee also praised Tesla CEO Elon Musk and claimed that he made cryptocurrencies a mainstream topic.
At this point, it should not be overlooked that Dogecoin was launched in December 2013 as a fork of the obsolete Litecoin fork called “Lucky Coin”. Although DOGE quickly became popular, it had to wait until 2021 for it to be embraced by the mainstream.
Lee, who was subjected to severe criticism for selling his Litecoins just before the big drop in the beginning of 2018, also stated that Bitcoin is currently his biggest investment. In addition to these, Lee stated that he did not invest in his own project, adding that he made such a choice to focus only on the technical aspects of the project without considering the price of crypto money.
Litecoin (LTC) Current Status
Litecoin, one of the oldest cryptocurrencies, suffered severe injuries as a result of the volatile movements in the market. So much so that the popular altcoin managed to rise to almost $ 400 levels by capturing great price increases in 2021.
However, the declines caused great losses in the popular altcoin as well. So much so that Litecoin, which was traded at $150 last month, is moving just above $110 as of today. As of the time of writing, LTC continues to trade at $114.27, up 3.97% in the last 24 hours, according to CoinMarketCap data.
Litecoin (LTC) is a cryptocurrency designed to provide fast, secure and low-cost payment service by taking advantage of the unique features of blockchain technology. This crypto money developed on the basis of the Bitcoin (BTC) protocol; It differs in the hash algorithm it uses, its maximum supply, block generation time, and a few other factors. Block time of just 2.5 minutes and extremely low transaction fees make Litecoin suitable for micro-scale transactions and point-of-sale payments.