@thedonhu@mister_z999 didn't even outperform much in '17. 2013 was really when it performed, and that's funny to me because it was useless back then. it became less and less popular as it became more and more useful.
@thedonhu yeah lol great "fUnDaMenTals"
it's ok tho, shows the btc narrative poised for disruption. the ltc story actually can break the "one true coin" story eventually
same thing as bitcoin without the massive speculation and cult around it, and speculation is a threat to success. gonna be hard to get actual users who may need it to adopt the money when it's 99% owned by people that wanna dump on you, and also those people being the same people the tech was designed to resist against.
I think either crypto in general makes a new low and LTC holds up and finally breakout out against everything or the market bottoms here and LTC is one of the first movers.
LTC has struggled to move higher against the market when the broad market rallies, but we all know that can change at any moment like it did in 2023.
if an asset outperforms everything in the world for the last 10 years on hype and narrative, then it's destined to probably get outperformed by everything for a long time.
the great decoupling from btc.
@ChrisOnCrypto1 same thing happened w/ solana. suddenly all the institutional people like cathie wood and others were saying you should own "btc, eth, and sol"
BREAKING: The US technology sector has rallied +42% over the last 2 months, the largest 2-month gain in 24 years.
This also marks the 2nd-strongest rally this century, surpassing even the +40% gain seen during the 2000 Dot-Com Bubble.
The surge has been largely fueled by chip stocks, with the Semiconductor Index, $SOX, rising +66% over the same period.
By comparison, the S&P 500 is up +16% while the Dow is up +10% over the same time period.
Meanwhile, the S&P 500 is up +20% since the March 30th low, with the top 10 stocks contributing ~65% of the index's gains.
Half of the top 10 contributors were semiconductor stocks.
The AI trade is hotter than ever.