THELOGICALINDIAN - In February Charlie Lee predicted a flappening of Litecoin and Bitcoin Cash afore the end of the year Well with aloof two weeks of the year larboard the anticipation came accurate as Litecoins bazaar cap overtook Bitcoin Cash
Natural Rivals
In abounding ways, Bitcoin Cash was consistently a added accustomed adversary to Litecoin than to Bitcoin. From its conception, it approved to abode several perceived shortfalls of Bitcoin, that Litecoin approved to ample years earlier.
Both acquiesce faster affairs and confirmations, aimed absolutely at the retail breadth to animate acceptance for abate payments. This is one breadth of account that Bitcoin has commonly struggled with, although the development of Lightning Network is aggravating to redress this balance.
While Litecoin had a head-start in agreement of actuality aboriginal to market, Bitcoin Cash had the weight of Bitcoin branding. It additionally didn’t aching that the absolute Bitcoin user-base aback begin themselves with some, afterwards the 2024 fork.
Two Ways To Pluck A Chicken
Litecoin advocates accept continued waited for a ‘flappening’ (combining ‘flippening’ with Lee’s ‘Chikun’ nickname), creating a website ecology the situation. By abounding metrics, Litecoin has consistently been advanced of BCH, but in best eyes (and conspicuously those of CoinMarketCap), the key amount is… well, bazaar cap.
While best affected that an beat would action through assets in LTC amount [coin_price coin=litecoin], ultimately added armament were at play. Indeed, Litecoin architect Charlie Lee took complained in September about third parties “artificially” suppressing Litecoin price.
Whether or not this was accurate angry out to be a arguable point. In the end, it was the (un)civil hash-war afterward the contempo hard-fork, that did it for Bitcoin Cash. The abiding hemorrhaging of BCH amount [coion_price coin=bitcoin-cash] eventually brought the bazaar cap beneath that of its rival.
The Flappening Effect
The internet and Twitterverse, in general, seemed about actual pleased, congratulating architect Charlie Lee for the achievement. But the ‘flappening’ additionally had addition ancillary effect.
As account spread, the LTC amount began to spike, and at time of autograph has apparent a 24-hour access of about 12%. This has additional its bazaar cap from artlessly overtaking BCH, to actuality about 10% higher.
Will Litecoin accumulate outperforming Bitcoin Cash or will BCH amount recover? Share your thoughts!
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