Monero (XMR) May Have Gotten The Attention Of Litecoin’s Charlie Lee

The face of Litecoin, Charlie Lee, has always had strong opinions about the cryptocurrency industry. Following the creation of Litecoin as the silver to Bitcoin’s gold, Lee has been active in the industry. After he decided to sell off all his Litecoins, the community became unsure of what his plans for Litecoin are. However, even after selling his tokens, he still remained committed to building Litecoin as a platform. Recently, during an interview, he said that Monero has gotten his attention among other coins.

Monero (XMR) Price Today – XMR / USD

Name Price24H (%)
Bitcoin (BTC)
$5,651.20
-4.21%
Monero (XMR)
$89.85
-7.46%

During the interview with SFOX, Lee said that he has a genuine interest in developing Litecoin that goes beyond economic reasons. He said that he decided to sell his Litecoins so he can become fully devoted to developing the Litecoin platform. This way, he would not need to worry about the price of LTC when he’s working on its development. In his words:

“Recently, I have lost my motivation in making financial gains from LTC. I spend all my time on the development of Litecoin because it is my baby. I am the creator of the platform so I want it to succeed. The more the progress of the coin, the happier I would be. I believe time is more valuable than money so I have devoted all my time to Litecoin’s development. Having a financial stake in Litecoin isn’t necessary for me this is because I don’t believe a financial stake adds much if we are being honest. I have been able to devote more time to Litecoin now than I could when I still owned LTCs. When I still had Litecoins, I spent most of my time on Coinbase.”

monero

What Charlie Lee Thinks About Monero (XMR)

In Lee’s opinion, Monero is a solid project. He said that he finds the platform interesting especially because it is based on privacy that many other platforms can’t boost of. In his words:

“Apart from Litecoin, I am starting to develop interest in Monero. I think fungibility and privacy are two things that Monero offers but Litecoin and Bitcoin don’t. These two things are highly needed in a decentralized system.”

This isn’t the first time Lee is expressing his interest in Monero. Sometime ago, Monero’s Ricardo Spagni jokingly posted a tweet about Monero and Litecoin working together. After reading the tweet, Lee said that a partnership can be possible jokes aside.

In many other occasions, Lee has created polls to explore the opinion of the public regarding features and developments that they would want to see in Litecoin. Most of the recommended developments were developments explored by Monero.

Main while, the founder of Monero, Ricardo Spagni belongs to the same social group as Charlie Lee called Magical Crypto Friends. This shows that both developers are capable of rendering support to each other. Whether or not it will eventually materialize into a partnership is not yet known. All we can do is wait and see.

Monero Price Analysis

On CoinMarketCapital, Monero is currently trading at $106.44. This shows that it is 3.82% higher against the USD but 2.26% lower against Bitcoin. The 24 hour trading volume is $27,650,188 and the market capitalization is $1,755,218,817. Right now, the price of Monero is green against the USD but red against Bitcoin.

SEE ALSO:   Litecoin price today; Litecoin predictions 2018: Is there a potential for Litecoin price to reach Bitcoin price? -Thu Nov 15

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