- Litecoinโs entrance into the meme coin world didnโt bode well with SHIB.
- Lead dev lashes out on LTC mascot, making Iron Man movie references.
- Shiba Inu’s price adds 5% gains on Monday as Litecoin faces corrections.
Besides its 35% rally, Litecoinโs (LTC) recent social media communication has garnered as much attention as the price movement of the OG altcoin. On Monday, the seasoned altcoin-turned-memecoinโs X account launched an all-around roasting session led by Litecoinโs new mascot, Lester.
Litecoin Raises Eyebrows On Socials
Acting erratic yet humorously, the stick figure character has been featured in several viral pictures over the weekend. It poses with Ethereum founder Vitalik Buterin, has continuous digs at Solana (SOL), and even describes a time-traveling trip with Dogecoinโs mascot back in 1993.
Litecoinโs new meme coin style garnered media attention last Saturday when the LTC price tacked on $96.99, a new three-month high. Shortly after, the rising social dominance stirred beef between Litecoin and Shiba Inu. During that time on the markets, SHIB edged LTC in trading volume, doubling LTCโs $999 million in 24 hours to above $2 billion.
Shiba Inu Mocks Litecoinโs Transition
In a late Monday evening message, Shiba Inuโs Shytoshi Kusama asked Litecoin to rethink its decision to join the meme coin squad: โtake that L and stand down. You don’t have Tony stark on your squad.โ Shibariumโs lead developer acknowledged that competing with the former regular altcoin was not on the bingo card for 2024.
Just eight minutes later, Litecoinโs official X handle sarcastically asked: โWhat is this? 8th grade?โ
Meanwhile, the SHIB Armyโs favorite crypto picked up 5.9% intra-day gains, while the flagship asset Bitcoin (BTC) climbed to a new all-time high at $94,040.99 a few hours back.
Shiba Inu’s price hike helps the meme coin maintain its position above Avalanche (AVAX). While SHIB reclaimed a $15 billion market capitalization, it hasnโt yet produced a new price record in this meme supercycle, trailing behind by over 70%.
On the Flipside
- Despite being around substantially longer than Shiba Inu, the original altcoin LTC has a nearly three times smaller global market cap, at $6.62 billion.
- SHIBโs official X edges over Litecoinโs follower base, nearing a 4 million audience. This makes Litecoinโs fanbase equivalent to Shytoshi Kusamaโs at 1 million.
Why This Matters
Online quarrels between popular figures in the crypto space raise important questions about the marketโs ongoing and forthcoming trends.
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