Now, the popular altcoin is trading at $51.84, down more than 85% from all-time highs, and holds a market cap of roughly $3 billion.
Despite its massive price drop, the foundation supporting the Litecoin ecosystem has continued to progress. Recently, Litecoin officially revamped its website, Litecoin.com, as part of an effort to reach a broader audience of users, including individual investors, developers and businesses.
The news came shortly after Charlie Lee, the founder of Litecoin, revealed that he is considering adding privacy functionality to bring true fungibility to the popular altcoin. Additionally, Lee recently went on record to state that he is not considering purchasing LTC after notably “selling and donating” all of his holdings last December when the price was at all all-time high.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.