What's Hot

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    Tether will look for crypto transactions that pay for child pornography

    26.01.2023

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023
    Facebook Twitter Instagram
    Friday, January 27
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Altcoins»Litecoin community criticized Mike Novogratz
    1640683703 b7ba0dcf97e19564ba89ab0555a7e818ff12dee1
    Altcoins

    Litecoin community criticized Mike Novogratz

    AdministratorBy Administrator28.12.2021No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Galaxy Digital founder Mike Novogratz in an interview with CNBC advised the channel to remove Litecoin from the cryptocurrency rates panel and came under criticism from the community.

    So mike novagratz goes on @cnbc and has enough “power” to get them to pull $LTC #Litecoin #LTC off the list after being 10 years in, no downtime, having major developments like optional privacy, NFTs, Smart contracts on the way for a coin that hasn’t stood any tests ? Strange pic.twitter.com/A0oA3GwgI3

    — Litecoin Magazine (@LitecoinMag) December 27, 2021

    Speaking with host Joe Kernen, the billionaire shared his optimistic expectations regarding cryptocurrency adoption. Galaxy Digital CEO was enthusiastic about the medium-term outlook for the Web 3.0 industry amid an influx of institutional capital.

    During the conversation, Novogratz drew attention to the cryptocurrency quotes board broadcast during the conversation. He was surprised by the presence in the top 5 assets of Litecoin (LTC), which he described as similar to 2017.

    In his opinion, in 2021, Litecoin is not a technology that people are interested in using in their applications.

    He named Terra (LUNA) and Solana (SOL) candidates for replacement. These next-generation smart contract platforms are generating obvious interest from developers and enthusiasts, Novogratz noted.

    “So Mike Novogratz comes to CNBC and has enough ‘power’ to get them removed from the Litecoin list after 10 years of no downtime, with major developments like optional privacy, NFT, smart contracts in favor of a coin that hasn’t passed any tests. … Strange, ”wrote Litecoin Magazine.

    Users were reminded that the Solana network suffered two major outages in 2021.

    “Ask Novogratz what could happen: potential risks for investors, as well as for many projects like NFT that relied on the network for functions, transactions, security, etc.?” Said one of Litecoin’s proponents.

    Some have suggested that the billionaire is playing his game trying to crash the price of the cryptocurrency. On December 28, the coin rate fell from levels around $ 160 to around $ 150.

    Litecoin community criticized Mike Novogratz

    LTC / USD hourly chart on Coinbase. Data: TradingView.

    In the Litecoin community, Novogratz was compared to the famous Bitcoin critic Peter Schiff and even called for a boycott of the head of Galaxy Digital.

    We will remind, earlier Novogratz said that most of the altcoins will leave the market in the near future.

    Also, in his opinion, the volatility of Bitcoin is lower than the indicators of other digital assets, thanks to the influx of institutional money.






    #Litecoin #community #criticized #Mike #Novogratz

    community criticized Litecoin Mike Novogratz
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million

    26.01.2023

    Djed on the Cardano network will be launched next week. What’s next for ADA?

    26.01.2023

    ​BUSD stablecoin supply drops $2bn in a month

    26.01.2023

    Fashion designer reveals Shiba Inu clothing collection

    26.01.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Chinese tax authorities step up pressure on private crypto investors
    • Tether will look for crypto transactions that pay for child pornography
    • On-chain activity in the Optimism network collapsed after the end of the NFT bonus program
    • Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million
    • AI Calls Bitcoin a Tool to Destroy Central Banks
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.