A playful spit between the official account of social media of the Litecoin cryptocurrency and the cryptographic influencer Benjamin Cowen drew the attention of the wider crypto community before the weekend.
“Your head reminds me of the great recession,” said Litecoin on Friday, the 21st largest cryptocurrency by market capitalization, in a post X, recovering from the influencer of Crypto Benjamin Cowen after having fun in the long-term Litecoin part.
Cowen said: “Your market capitalization reminds me of the great recession.” Litecoin replied: “You can use a cap.” The jokes continued to ride. Litecoin said: “I call it” no need for head and shoulder graph “, referring to the popular lower inversion model.
Litecoin is down approximately 73% compared to its highest May 2021 of $ 410.26 and 67% compared to its market capitalization peak of $ 25.89 billion, now at $ 8.52 billion, according to CoinmarketCap.
However, cryptocurrency has climbed approximately 69% in the past year.
The wider community joined the joke
Litecoin is no stranger to humor online; The project’s social media account is often based on memes and fun positions to start 1.2 million x subscribers.
Cowen, meanwhile, joked that he had lost all his “hair trying to convince the Litecoisins to convert into Bitcoin”. “A short price to pay for the greatest good,” he added.
Light social media quarrels are common in cryptographic industry and are generally appreciated by the community.
The social exchange of back and forth has captured the interest of the wider community, with the official report of the social media of the draft cryptocurrency also, commenting: “The price establishment instantly means that you have lost the argument.”
Cowen replied: “Dash dropped 99% against Litecoin. Why not sit down.”
The scholarship has led some traders to change their tone on LTS
The current scholarship has led some merchants to suggest that they became more optimistic about the assets. Bitcoin’s merchant, Tyler Durdan, said: “Buy Litecoin immediately.”
In relation: LTC less than $ 90: purchase opportunity or warning panel?
It then happens that several asset management companies intend to launch ETF Litecoin in the United States.
On February 6, the Grayscale asset management company applied to the US Securities and Exchange Commission (SEC) to list the shares of the Grayscale Litecoin Trust as a product negotiated on the stock market (ETP) on the Arca of the New York Stock Exchange (NYSE).
A few months earlier, in October 2024, the asset manager Canary Capital filed registration documents for an ETF of Litecoin Spot with the SEC.
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