10 Coin you should think before you invest.
If you put $10,000 into $XRP in September 2018.
Today, you would still have $10,000 đ€Ż
99% of altcoins are doomed to dump/never grow.
Here are 10 coins you should AVOID (you're probably holding them) and how to recognize them đ§”đ
I would highlight 3 main types of altcoins to avoid:
1/âź Many old projects that are simply too old and overvalued
⧠They have no technology and no upside
⧠They are doomed to fall relative to $ETH in the long term, which is what they are doing
2/âź "Artificial" tokens, where the supply is completely controlled by team/VCs and the value is manipulated
⧠The price in such projects does not reflect the true market value
⧠There is always a risk that they will eventually be dumped by -99% at any moment
3/âź Projects come from past trends (dead P2E games, etc.) or have high FDV, low MC, and constant sell pressure
⧠Projects from old trends that are no longer relevant are doomed to a slow death
⧠Buying tokens with strong sell pressure = becoming exit liquidity for VCs
You need to know how to recognize these projects and distinguish junk from gems.
So for example, here are 10 popular tokens - prime examples of these categoriesâthat you might be holding, but they are doomed to fail (IMO).
1/âź @worldcoin | $WLD
⧠$WLD is just an artificial coin where the supply is completely controlled
⧠The value can be manipulated however they want, but it's clear that sooner or later it will definitely be dumped
So the odds are not in your favor
2/âź @Ripple | $XRP
⧠$XRP is designed for fast and cheap international money transfers
⧠But in essence, it is an unnecessary fork of $BTC with overly inflated valuation
⧠Not the worst coin, but $ETH or $BTC will always be better
⧠Same for ADA:
5/âź @eth_classic | $ETC
⧠$ETC is a blockchain that emerged from a split with ETH in 2016
⧠$ETC is a fork of $ETH, and it is almost identical
⧠The only difference is that devs largely ignore ETC, and it has almost no prospects
6/âź $BCH
⧠Bitcoin Cash is a fork of Bitcoin, created with the aim of increasing the block size
⧠This is supposed to allow for processing more transactions at once
⧠But in the end, it simply repeats the BTC concept without significant changes
7/âź @monero | $XMR
⧠$XMR is known for its anonymity and transaction privacy
⧠However, since 2022, its value has been stagnating, and there is even a chance of a ban similar to the situation with Tornado Cash
⧠High valuation, outdated technology, no prospects, high risks
8/âź @AxieInfinity | $AXS
⧠This applies not only to $AXS but also to other old P2E game coins
⧠The trend has moved on, thereâs no more hype, and thereâs a very high FDV
⧠Overall, in such projects, the pyramid has collapsed, and thereâs nothing more to expect
9/âź @dYdX | $DYDX
⧠In $DYDX, the main big issue is the token unlocks
⧠They are structured in such a way that they will constantly create selling pressure and drive the price lower and lower
⧠There are many of such projects, so always check vesting schedule
10/âź Useless L2 projects
⧠This applies to $STRK, $ZKS â these are just useless L2 solutions with low mc, high FDV, and constant sell pressure, leading to price dumps
⧠It also applies to new projects that initially launch with high FDV and no real utility & community
11/âź Key takeaways to consider before investing:
- Unlocks
- Demand
- Narrative
- FDV/MC
Just analyzing these factors will give you an understanding of whether it's worth investing and if the project has any upside at all.
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