Altcoins Like Litecoin Resorting To Marketing Than Developing Products

Currently, Coinmarketcap, a cryptocurrency aggregation platform, lists over 2000 active cryptocurrencies. However, being active doesn’t translate to being valuable. As one critic notes, the high number of cryptocurrencies being developed has pushed developers to pull marketing stunts to keep them afloat.

On Reddit, the critic cited Litecoin (LTC) as one such altcoin with no compelling product.

“Miami Dolphins announced that LTC is their official cryptocurrency. It seems like the coin itself does not have a really good use in the future ecosystem, so the LTC Foundation has directed its attention to marketing as opposed to developing a useful product. Seems like the Richard Heart strategy is their hailmary. We don’t have a product that sells itself, so let’s just market the hell…

What do you think?

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