Litecoin and popular crypto influencer Benjamin Cowen exchanged funny insults on social media, and the digital assets community in general was amused.
The argument began after Cowen made fun of Litecoin’s future price direction compared to Bitcoin, which garnered a swift but humorous response from Litecoin.
A comment from Cowen noted that Litecoin’s market cap was similar to that of the Great Recession, prompting Litecoin’s response with another humorous comment.
Litecoin joked about Cowen’s hairline, and his implication that it made the community think of the Great Recession kept the punchline alive.
The online currency account actually made fun of the “Head and Shoulders” formation, mocking both technical charts and Cowen simultaneously.
Litecoin trades far below its historic price highs
Litecoin currently trades at approximately 73 percent less than its historic high of $410.26 reached in early May of 2021.
The virtual currency also stands at roughly 67 percent less than its historical high of $25.89 billion market value, now at $8.52 billion.
However, after losses from its all-time highs, Litecoin managed to increase by nearly 69 percent within the last year.
The humorous back-and-forth immediately attracted attention from other cryptocurrencies, like Dash, which provided further commentary on the already established debate.
Dash pushed against Cowen, reminding him that Dash had fallen by 99 percent against Litecoin, and they should remain silent.
Endless tweeting highlighted how Litecoin often uses humour as a branding tool, entertaining its 1.2 million followers.
Grayscale and Canary Capital pursue Litecoin ETFs
Then, Cowen explained that losing hair was due to trying to convince Litecoin enthusiasts to convert into long-term Bitcoin investors.
Traders indicated that the lighthearted feud changed their perceptions regarding Litecoin, including possibilities of making immediate purchases.
Bitcoin trader Tyler Durdan freely remarked that he intended to buy Litecoin imminently, showing how social media often guides trading.
Meanwhile, traditional finance developments continue evolving, with Grayscale recently applying to the SEC for a Litecoin exchange-traded product listing.
Similarly, Canary Capital filed paperwork in October 2024 for a Litecoin spot ETF, citing growing institutional interest despite volatility.
Efforts at building an ETF position in Litecoin as a notable digital currency, blending entertaining community culture and real financial market ambitions.
