Tương lai của Litecoin khi Grayscale tỏ ra quan tâm: Câu chuyện từ cuộc trò chuyện với ChatGPT

Tuyên bố từ chối trách nhiệm: Thông tin được cung cấp không phải là lời khuyên về tài chính, đầu tư, giao dịch hoặc các loại lời khuyên khác và chỉ thể hiện quan điểm của tác giả.

Grayscale, one of the largest cryptocurrency investors, is increasingly interested in Litecoin (LTC). It will soon include LTC as one of the four assets in the FTSE Grayscale Crypto Industry Index.

Breaking news: We are thrilled to enter into a new partnership with @FTSERussell! Presenting the first-of-its-kind FTSE Grayscale Crypto Industry Index (Crypto Industry Index), an institutional-grade index that includes only 4 assets, one of which is Litecoin ⚡️https://t.co/8KQZ86KYJw pic.twitter.com/JXdID4EsAL

— Litecoin (@litecoin) October 24, 2023

Although this news caused a slight increase in LTC’s price on the chart, this increase did not last. At the time of writing, it is trading at $67.85. Is your investment portfolio in the green? Check out the LTC profit calculator below.

On August 2nd, the third halving event of Litecoin occurred, with the network’s block height reaching 2,520,000 and the reward for miners decreasing from 12.5 LTC to 6.25 LTC. Litecoin successfully completed its third halving event!

Halving is an important event programmed in some cryptocurrencies’ protocols, including Litecoin, and occurs regularly. During this event, the block reward given to miners to validate transactions and secure the network is halved. The main purpose of halving is to control the rate of new money issuance and manage inflation in the cryptocurrency system. The impact of halving is twofold. First, it introduces a scarcity element into the cryptocurrency ecosystem. When the block reward decreases, the rate of new money entering circulation also decreases. This creates a sense of scarcity among market participants, which can lead to an increase in demand for the cryptocurrency. Second, halving affects the mining rewards of miners. When the block reward is halved, miners receive fewer tokens from mining. This can lead to a decrease in mining profitability, especially for miners with higher operating costs. If the mining costs exceed the rewards, some miners may leave the network, temporarily reducing the network’s hash rate and overall security. Litecoin has completed its third halving since its launch in 2011, and its supply will decrease. This will result in fewer LTC being mined. This scarcity factor can trigger increased demand and speculative trading in the cryptocurrency market.

Comparing ChatGPT’s Expert Opinions:

Experts predict that the halving event could help Litecoin gain more market share in the PoW space. To compare, I consulted ChatGPT to highlight the different differences between various PoW cryptocurrencies and their respective advantages. According to the AI Bot, Litecoin’s emphasis on faster transactions and lower fees can attract more users and investors. Litecoin’s network activity may soar as transaction volume increases, solidifying its appeal as a fast and cost-effective digital currency. However, the inflationary nature of Dogecoin contrasting with Litecoin’s scarcity due to the halving event may benefit Litecoin in the short term. Meanwhile, users who value privacy and anonymity are more likely to gravitate towards Monero (XMR) due to its unique security features. However, for those prioritizing speed and lower fees, Litecoin may serve as a practical alternative. As for Ethereum Classic (ETC), its focus on immutability principles and lawfulness might attract a different target audience than Litecoin’s user base. The short-term benefits of each cryptocurrency will depend on specific use cases and the preferences of users and investors in the waiting period.

Source: ChatGPT

Does Litecoin have a competitive advantage? Regulatory oversight affects various altcoins negatively. However, Litecoin is one of the few altcoins that is considered a commodity in the Binance lawsuit. On March 27, 2023, the U.S. Commodity Futures Trading Commission (CFTC) declared that LTC is a “commodity.”

After asking ChatGPT for their thoughts on this development, they stated that classifying Litecoin as a commodity is “a significant milestone on its journey.” This could increase investor confidence and potentially push its price higher.

Source: ChatGPT

Read Litecoin (LTC) Price Prediction 2023-2024

The price tells a different story. At the time of writing, LTC is trading at $67.85. Both the Relative Strength Index (RSI) and the Money Flow Index (MFI) of LTC have dropped below the neutral level of 50.

Source: LTC/USD, TradingView

In summary, the indicators on Litecoin’s chart suggest a short-term downward price trend. I asked ChatGPT for its prediction, and it expects the price of LTC to reach $100. It gave a vague answer, stating that it could happen in the coming months or years.

Source: ChatGPT

Tạp Chí Số tổng hợp