Bitcoin advocate Tuur Demeester recently sparked controversy after labeling many altcoins as “zombie coins” with bleak futures. He argued that certain cryptocurrencies beyond Bitcoin have displayed little meaningful innovation or activity to justify their continued existence.
His critical perspective targeted coins like Litecoin in particular. Despite broader crypto price pumps, Litecoin has seen muted price action, failing to rise even 5%. Its once vibrant community forums are now quiet, with minimal developer or user engagement. Promised technical upgrades like MWEB integration remain pending.
Community-driven Litecoin projects are stagnant, generating neither liquidity nor interest. Network health is declining post-halving with a decreased hash rate. Its formerly robust social media presence is now lacking. Sentiment suggests inertia primarily from long-term holders rather than newcomers.
While grim, Demeester’s view is not universally accepted. Some argue it’s premature to discount Litecoin, citing ongoing upgrade efforts. Its history and crypto’s cyclical markets suggest the potential for renewed interest. Demeester himself concedes unpredictability, advising a cautious “wait and see” approach.
Demeester’s “zombiecoin” label ignited debate over altcoins’ viability versus Bitcoin. Despite criticisms, Litecoin and other altcoins may yet find second lives if activity and innovation rebound. The crypto community is known for resilience and unexpected turnarounds against bearish outlooks.
