Today, Shytoshi Kusama took to the social media platform, X and posted in which it can be clearly seen that he was not seeking to get into any kind of protest against Litecoin in 2024.
If we talk about the Shibburn data, it indicates that the burn rate of the token has also gone up to 928%, which sets confidence in the long-term goal of the coin.
At the time of writing, the price of Litecoin hovered around $89.60. It has also shown a 3% intraday low.
On November 19, the lead developer and the co-founder of Shiba Inu coin, Shytoshi Kusama, slammed Litecoin. The criticism is because of the publicization of Litecoin changing itself to a meme coin.
The co-founder has continuously posted over X and showed a sense of criticism for the latest change of the identification of litecoin to memecoin. It is noteworthy that, the rebranding to the meme-themed coin consists of a stick figure having the letter L as the major attraction.
The social media battle
https://twitter.com/ShytoshiKusama/status/1858614358835904976?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Today, the lead developer took to the social media platform, X and posted in which it can be clearly seen that he was not seeking to get into any kind of protest against Litecoin in 2024. But, he further went on to state, “They are making the memevengers and I have not started to feel like Thanos.”
Even, he has not left to slam Litecoin’s new stick figure and commented, “Take that L and stand down. Now, these kinds of posts have gained the attention of the crypto industry and many have also jumped in the comment section over this cold war.
At the start of this month, a prestigious media source has so far reported that LTC has claimed that it identified itself as a meme coin. And the criticism by Kusama is an aftermath of this statement.
At the same time, Litecoin retweeted Kusama’s LTC new stick figure post and wrote in a reply “What is this? 8th grade?” The social media continued with the developer’s sarcastic reply stating, “Says the intern posting stick figures. Lol.” Concluding all this, we can derive that the SHIB community is not happy with the identification change of Litecoin.
Today’s performance of SHIB and LTC
On November 19, the dog-themed memecoin showed a 2% intraday low and is currently trading at $0.00002502, at the press time. The intraday low recorded was $0.00002415 and the intraday high went up to $0.00002578. However, if we look at the chart of the past month, we can witness a significant growth of 33%. The upward momentum of the coin shows its potential amid a bullish market.
If we talk about the Shibburn data, it indicates that the burn rate of the token has also gone up to 928%, which sets confidence in the long-term goal of the coin. Meanwhile, at the time of writing, the price of Litecoin hovered around $89.60. It has also shown a 3% intraday low. In the past day, the low recorded by the coin was $86.68 and the high was $92.19.
