The $LTC hashrate is going parabolic.
"Does this mean its price will increase as well?"
🧵
II. In simple terms, "hashrate going parabolic" means more miners are plugging in hardware to mine LTC.
"But I haven't seen any tweets about @litecoin... is this spike random?"
III. This spike isn't random; it's tied to improved mining profitability (from recent price gains), institutional interest, network upgrades (e.g., privacy features like MWEB), and speculation around potential Litecoin ETF.
"So, how will it affect the price?"
IV. A surging hashrate is generally viewed as a bullish signal, as it reflects miner optimism.
i.e., miners invest in expensive hardware only if they expect rewards (in LTC) to be profitable.
V. This can create a positive feedback loop: higher hashrate boosts @litecoin's security and adoption, attracting more users and investors.
However, no one can guarantee a pump.
VI. "Understood."
I see @litecoin's metrics show divergence: ATH hashrate, 300M transactions, adoption via PayPal/BitPay but price remains sideways.
Meanwhile, Grayscale has accumulated over 2 million LTC and continues to do so.
So, shall we put 2 + 2 together?
Bois, what's your take on $LTC?
@splinter0n @0xDefiLeo @the_smart_ape @0xCheeezzyyyy @DOLAK1NG @YashasEdu @0xAndrewMoh @eli5_defi @_SmokinTed @RubiksWeb3hub @kenodnb @rektonomist_
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