Litecoin Fake News: How Fake it is?

Litecoin Fake News: How Fake it is?

By xuanling11 | Crypto Learning | 13 Sep 2021


Litecoin tie-ups with Walmart or Walmart tie-ups with Litecoin? The market reaction to Litecoin price has shot up to $233 before back to $180. The interesting observation is that the price of Litecoin did not collapse but was stable at the previous level. 

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Fake news or Baked news?

Both sides of the parties came up to deny the tie-up. Litecoin foundation issued a letter to deny the partnership. Walmart spoke person responded of denial. However, many news outlets are also following to delete their reporting of the partnership. 

Blaming scammers

It is Walmart Hoax that scammers post fake announcements online to pump and dump coins. 

 

Walmart is planning to go deep in crypto

Walmart’s job listing reveals that they are looking into crypto payment as an alternative payment method in the future. They are hiring crypto experts to expose their footings wet in the cryptocurrencies universe.

 

Why Litecoin?

Litecoin is popular in 2017 but fades out in recent years. It sued to be the third place of the crypto market until replaced by Ripple, Dogecoin, and Cardano.

 

Lesson learned from the fake news

As you observe, how media actually reporting their news to drift regulation citizens’ attentions.

 

How fake the news

The news is fake itself but it released smoke. It smells fake but there is something truth embedded into the news. 

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The many truth

Crypto adoption is inevitable. People are hoping for crypto adoption. 

Walmart-like companies will eventually adopt cryptocurrencies. 

The crypto market is still in its premature stage where it is easily manipulated. 

The social media platform is powerful enough to influence people’s opinions.

Fake news is dangerous like a virus that spreads fast. 

There is not yet a feasible solution to prevent fake news.

Traditional media outlets are outdated.

 

The consequences of the fake news

There are probably no punishments but to blame scammers and whoever got scammed.

 

In conclusion

True and fake are blurred more than ever in the social media platform. Let’s why we need to already verify the information.


Photo by visuals on Unsplash

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