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Recently, there was a post on Litecoin subreddit (LTC) concerning a sponsorship agreement in which Dash (DASH) was reported as an official sponsor of a FanDuel Fantasy Football. The question is why Litecoin (LTC) did not get a sponsorship agreement of the kind
Steps required to improve the adoption and popularity of the digital currency
Joel Valenzula recently published in Dashforce where he spoke of some of the steps that digital currency development teams adopt to increase the adoption and popularity of digital currencies. According to Valenzuela, "organic partnerships" do not occur only in decentralized space. He said that they rarely occur because companies must be convinced that any partnership they enter will be of great benefit to them.
He added that, regardless of its decentralized approach, the result seen in terms of partnership and adoption is behind the work and effort of the scene of members of the Crypto community. He also added that companies would normally be cynical towards digital currencies by asking themselves if the coins work as promoted.
He also said that digital currency communities in which most members see cryptocurrency as a hobby should not expect quick collaborative effort and adoption without due diligence on the part of businesses whose existence is based solely on business success.
Mati Greenspan believes that Litecoin (LTC) is undervalued
An eToro senior analyst – Mati Greenspan said that Litecoin (LTC) is negotiating a hugely discounted price, which explains in detail some of the fundamental and technical factors of why thinks that the digital currency is currently undervalued. He also added that the structuring of Litecoin (LTC) is free rather than competitive towards Bitcoin (BTC) which makes it easy to adopt technologies such as Lightning Network and Segregated Witness (SegWit).
Litecoin (LTC) Price Today – LTC / USD
At the time of writing, LTC is changing hands to $ 67.15 after an increase of less than one percent in the last twenty-four hours. The digital currency currently has a market capitalization of $ 3.90 billion and its trade volume in the last twenty-four hours is $ 350.59 million.
