The current rise in the altcoin market has confirmed the rule - do not believe the assessments of TOP media regarding investment matters.
On April 1 of this year, #Forbes published a FUD article about a total of 20 blockchains. They titled the article 'The Rise of Crypto-Zombies Worth Billions,' calling the listed blockchains useless.
The list then included:
- #XRPL from #Ripple (#XRP)
- #Cardano (#ADA)
- #Bitcoin Cash (#BCH)
- #Litecoin (#LTC)
- #InternetComputer (#ICP)
- #EthereumClassic (#ETC)
- #Stellar (#XLM)
- #Kaspa (#KAS)
- #Theta (#THETA)
- #Fantom (#FTM)
- #Monero (#XMR)
- #Arweave (#AR)
- #Algorand (#ALGO)
- #Flow (#FLOW)
- #MultiversX (#EGLD)
- #BitcoinSV (#BSV)
- #Mina (#MINA)
- #Tezos (#XTZ)
- #EOS (#EOS).
Assets have undergone a painful correction or, at the very least, consolidation since then and until November. Due to the prolonged range of BTC, generously sprinkled with FUD reasons. But what about right now? Crypto journalist Colin Wu summarizes the current results - many assets on the list have risen by 50-300% over the year. Among them are #XLM, #ADA, #XRP, and others. And the altseason is just at its start.
Most showed significant growth specifically over the last 30 days. If we look over the year, the outsiders remain #MINA, #EGLD, #BSV, #ICP. BUT even #XMR, which was hit by delistings (including from Binance) - is currently in minimal profit.
Although why be surprised if all the top media convinced retail to sell crypto assets in December 2022. They squeezed the last remnants from retail's hands back then, driving down prices for additional purchases by major players - in April. A post from December 1, 2022, on the topic:
