Why has the top cryptocurrency Litecoin cooled down?

Do you all remember Litecoin? Back in the day, it was known as "Bitcoin Silver," with its founder being a Google genius, making it a top player in the crypto world! But what about now? The market value has plummeted, and it's been forgotten. Why has this once-great coin fallen so low?

1️⃣ Born as a "Shadow Coin"

Litecoin is essentially a "copy" of Bitcoin, just with modified parameters to launch. Bitcoin is the pioneer, while Litecoin has always been a "substitute," destined to live in its shadow.

2️⃣ Innovation Lags Behind

Ethereum introduced smart contracts, Polkadot plays with cross-chain, and new coins are aggressively innovating! Apart from faster transactions, Litecoin has nothing new to offer, and it has been easily surpassed by newer projects.

3️⃣ Founder Abandons Ship

At the peak of the bull market, the founder suddenly liquidated his holdings! Not even his father believes in it, causing investor sentiment to collapse. Who would still dare to invest?

Ironclad Rule of Crypto: Original projects thrive, while imitators fade away! The decline of Litecoin serves as a bloody lesson for everyone!