Chart that shows the ridiculousness of the Altcoin market

notice the unique transactions per day

noticed which coins have the highest amount of transactions


noticed how LTC has a much higher amount of transaction/day as any of the coins listed. BCH is not on this graph but even at BCH peak transactions/day (which only happened at the major pump), it never reached more than LTC...(Hint: transactions through exchanges for buying and selling for pumps and dips doesn't count as real adoption BTW..).

Do you see the problem I have with this market?

LTC has better code
more secure
28% of BTC nodes
Faster than all of those coins
Cheaper to send than all of these other coins
Has a higher market cap than most of the list
Has been around much longer than most of those coins
Is basically the only one on this list actually accepted in retailers and ATMs
SegWit
LN

+ more


yet it is price at $90 compared to Dash's near $600 price...


LTC has basically 0 marketing, doesn't have a development team that is pushing for strong Asian market adoption, yet it is constantly releasing major plans like CT, Schnorr Signatures, LN, Atomic Swaps, and more... but it is still valued so low compared to coins with a fraction of the daily transactions and a fraction of real world adoption.

Am i missing something here?
please explain

 

I'm investing heavily in litecoin right now. I expect it to do the same things as ethereum and bitcoin did with the price increase.

 

The 3 coins you're comparing litecoin against are all privacy coins while litecoin is not. They would likely tend to have lower amounts of transactions done because they aren't as casual and cost more to transact.

That being said, I think all of those currencies are vastly overvalued but the market isn't being rational yet. I can see them all going up with the crypto tide, but I wouldn't bet on any.

 

yeah but the only other major non privacy joins I can compare is ETH (isnt a fair comparison) and BCH (its so low it makes the graph look odd because it has a few 1 day spikes).


I agree, this market is not rational at all