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How to prepare for the end of the bull run, Part 1: Timing – Cointelegraph Magazine
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How to prepare for the end of the bull run, Part 1: Timing – Cointelegraph Magazine
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If You Invested $100 When Elon Musk First Tweeted About Dogecoin, Here s How Much You d Have Now
One of the most popular voices behind the meme cryptocurrency that is Dogecoin (CRYPTO: DOGE) is Tesla Inc (NASDAQ:TSLA) CEO Elon Musk. The CEO has tweeted about the Shiba Inu-themed cryptocurrency many times and often caused spikes in the valuation.
Ahead of Elon Musk’s appearance on Saturday Night Live airing on
Comcast Corporation s (NASDAQ:CMCSA) NBC network, many believe Dogecoin could continue its run. Others wonder if the cryptocurrency will fall after Musk’s appearance. Musk has hinted that Dogecoin will be featured on the episode.
Aprils Fools was almost over, but there was still a joke in store in the crypto space. Litecoin creator Charlie Lee made a fake announcement via Twitter claiming that Litecoin would be rebranded to BitcoinLite, “as Satoshi Nakamoto intended.”
Lee posted a version of Bitcoin’s whitepaper highlighting the letters LITE and a link to Litecoin Foundation’s official website renamed BitcoinLite Foundation. The home page reads “Just Like Bitcoin. But ‘Lite’er!”, adding that Bitcoinlite is “4 times more scalable than Bitcoin” with higher transaction fees and a supply of only 84 million coins. It even offered users a BitcoinLite Wallet. The website contained the following message:
Grayscale Litecoin (LTC) Trust Trades at 1800% Premium, Charlie Lee Compares NFTs to ICO Mania
Mar 3 2021 · 10:52 UTC | Updated
Mar 3 2021 · 12:07 by Bhushan Akolkar · 2 min read
Photo: Shutterstock
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LTCN shares are trading 20 times lower in comparison to the LTC holdings per share by Grayscale. Thus, it’s 20 times more expensive to buy Litecoin via Grayscale than directly through the spot exchange.
The world’s eighth-largest cryptocurrency Litecoin (LTC) is up 13% today and is just short of $200. At press time, LTC is trading at a price of $194.9 with a market cap of $12.9 billion. Interestingly, investors seeking exposure to LTC via the Grayscale Litecoin Trust are paying a premium of 1800%. The shares of Grayscale Litecoin Trust (OTCMKTS: LTCN) have been trading at this massive premium over the market rate of the underlying asset i.e. Litecoin (LTC).
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