Can Litecoin (LTC) Secure Sponsorship Deals And Strategic Partners To Increase Its Value?

Recently, there was a post on the subreddit of Litecoin (LTC) regarding a sponsorship deal in which Dash (DASH) was reported as the official sponsor of a FanDuel Fantasy Football. The question is why Litecoin (LTC) hasn’t gotten such a sponsorship deal.

Steps Needed to Enhance Digital Currency Adoption and Popularity

Joel Valenzula recently posted in Dashforce in which he talked about some of the steps that digital currency development teams take to increase the adoption and popularity of the digital currencies. According to Valenzuela, “organic partnerships” don’t just occur in the decentralized space. He said they rarely happen because businesses need to be convinced that any partnership they are going into will be highly beneficial to them.

He added that irrespective of its decentralized setting, the result seen when it comes to partnerships and adoption are behind-the-scene work and effort of the crypto’s community members. He also added that businesses would normally be cynical towards digital currencies wondering if the coins work as well as they’re being promoted.

He also said that digital currency communities in which most of the members see cryptocurrency as hobbies shouldn’t expect quick collaborative effort and adoption without due diligence from firms whose existence solely relies on business success.

Mati Greenspan Believes Litecoin (LTC) Is Undervalued

An eToro senior analyst – Mati Greenspan has said that Litecoin (LTC) is trading an enormously discounted price, detailing some of the fundamental and technical factors as to why he thinks the digital currency is currently undervalued. He also added that the structuring of Litecoin (LTC) is complimentary instead of competitive toward Bitcoin (BTC) which makes it easy to adopt technologies such as Lightning Network and Segregated Witness (SegWit).

Litecoin (LTC) Price Today – LTC / USD


At the time of writing, LTC is changing hands at $67.15 after an increase of less than one percent over the past twenty-four hours. The digital currency currently has a market cap of $3.90 billion and its trading volume over the past twenty-four hours is $350.59 million.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.