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Litecoin Creator Says Dogecoin Is Great, Praises Elon Musk

Wed, 02/02/2022 - 07:47
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Alex Dovbnya
Litecoin creator Charlie Lee believes that Dogecoin has played a role in pushing crypto into the mainstream
Litecoin Creator Says Dogecoin Is Great, Praises Elon Musk
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During a recent Bloomberg interview, Litecoin creator Charlie Lee said that Dogecoin is “great” and “pretty fun.”   

He claims that the biggest meme cryptocurrency is ready to bring a lot of people into the space.

Lee also praised centibillionaire Elon Musk for turning cryptocurrencies into “a mainstream topic.”

Dogecoin was launched as a fork of the now-defunct Litecoin fork called “Lucky Coin” back in December 2013.

The parody coin quickly gained a substantial level of popularity, but its mainstream breakthrough happed only in 2021.

Lee, who infamously sold his Litecoin stash right on the verge of the big crash in early 2018 and faced insider trading accusations, says that Bitcoin is currently his biggest holding. He refuses to invest in his brainchild because he wants to focus on the project’s tech aspects without worrying about how they might affect the coin’s price.

Cardano Block Size to Increase by 11%

A privacy-focused upgrade   

Litecoin, one of the oldest altcoins, is a fork of the Bitcoin blockchain that appeared all the way back in 2011.  

The O.G. cryptocurrency recently made headlines after launching the much-hyped Mimblewimble upgrade that was initially announced in 2019. Named after a tongue-tying spell from the Harry Potter universe, it allows users to enhance their financial privacy by hiding transaction information.

Lee says that people will be able to spend money without worrying about privacy issues since the amount of each transaction will only be visible to the sender and the recipient.

Litecoin remains the 22nd biggest cryptocurrency by market capitalization. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at