Litecoin's recent pump has really interested me, everyone wants those 10 Litecoin Cash, but is this a good move? Just think, greed will legitimize another underground awkward coin...kinda
Another topic in this post is Cardano (ADA), because of the virtual battle for the 5th place in the market.
The overall sentiment is good for Cardano(as it is with LTC) but people have unreal expectation with this coin. Some people think it will reach 10-20 $ in 2018. EZ :))- this means that it will have 300 billion $ market cap, twice that of BTC now(~150 bln $)
Two weeks ago I was part of an online conversation regarding Cardano's short term price, everybody was MADD at me because I poited out that Cardano's rise began at...just see for yourself .
Ada reaches 1.2 $ and people still want more,WTF, in two months we went from 0.03 $ to 1.2 $, a 3200 % increase.
Now we are in the 0.3-0.4 $ range. When it was i the 0.6 $- 1 $ range, people really thought it will reach 5 $ at the end of January or February.
I am a member in more than one crypto groups, and people really think they will make insane profits just by picking a coin an hoping it will PUMP UP good, I think nobody reads or understands those whitepapers.
The pe
The differences between altcoins and what they bring to the table are a TABU subject for most of crypto investors, they don't care.
They just want the Dollaz ! :))