The Worst and Extinct Cryptocurrencies to Avoid

Hello everyone! Today I would like to share a couple of the worst and most extinct cryptocurrencies in my opinion:

1. OneCoin - This cryptocurrency turned out to be one of the biggest financial pyramid schemes in history, defrauding thousands of investors around the world. OneCoin was shut down in 2019 after a massive investigation.

2. BitConnect - Another dubious cryptocurrency that promised incredible profits, but actually turned out to be a classic Ponzi scheme. BitConnect ceased operations in 2018 after regulatory intervention.

3. Verge (XVG) - This cryptocurrency, which positioned itself as anonymous, had serious security and privacy issues that led to its downfall.

4. Dentacoin (DCN) - A cryptocurrency created for the dental industry, could not find widespread use and popularity among users.

These and other similar projects are a prime example of why it is important to thoroughly research cryptocurrencies before investing.

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Little-Known Past Cryptocurrencies With Huge Profits

And here are these cryptos:

1. Solana ($SOL ) - high-performance blockchain platform. Growth from $0.8 to $260 in 2021 (+32400%).

2. Axie Infinity ($AXS ) - gaming cryptocurrency for the metaverse. Rise from $0.6 to $165 in 2021 (+27400%).

3. Gala ($GALA) - a token for the gaming metaverse. Increased in price from $0.007 to $0.83 in 2021 (+11700%).

4. Polygon ($MATIC) - scalable solution for Ethereum. Growth from $0.018 to $2.92 in 2021 (+16000%).

5. Sandbox ($SAND) - metaverse on the blockchain. Rise from $0.04 to $8.4 in 2021 (+20900%).

These little-known cryptocurrencies at the beginning of 2021 showed crazy growth thanks to promising technologies and high demand. However, be aware of the high risks in this area.

What do you think about these cryptos?

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#КриптоКоторыеПринеслиХорошиеДеньги

Top 5 useful cryptocurrencies

And here are these cryptos:

1. Bitcoin ($BTC ) - digital gold, an inflation-protected asset for savings and investments.

2. Ethereum ($ETH ) - the basis for DeFi, NFTs, metaverses and smart contracts. Huge application potential.

3. Chainlink ($LINK ) - provides connection of external data to blockchains, necessary for DeFi and IoT.

4. Polkadot ($DOT) - combines many blockchains into a single network for exchanging data and assets.

5. Filecoin ($FIL) - decentralized cloud data storage with economic incentives.

These cryptocurrencies solve real-world problems and provide useful functionality in the areas of finance, web3, cloud computing and internetworking. Explore their application to investment selection.

What do you think about these cryptos?

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Cryptocurrency with the greatest benefits

And here is this crypt:

Ethereum ($ETH ) is one of the most useful cryptocurrencies due to its blockchain platform for smart contracts and decentralized applications (DApps).

• DeFi - decentralized finance based on Ethereum allows you to receive loans, earn interest and trade without intermediaries.

• NFTs - Non-fungible tokens on Ethereum are used to digitize assets, works of art and collectibles.

• Metaverses - many metaverses and game worlds are built on Ethereum using NFTs and smart contracts.

• DAO - decentralized autonomous organizations on Ethereum allow you to create transparent and secure communities.

• Stablecoins - cryptocurrencies pegged to fiat money, simplify payments in the Ethereum ecosystem.

Ethereum provides ample opportunities to create useful decentralized applications in various fields.

What do you think about this cryptocurrency?
Which one do you consider the most innovative?

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Cryptocurrencies to pay for goods and services

And here are these cryptos:

1. Bitcoin Cash ($BCH ) - a Bitcoin fork optimized for payments with lower fees.

2. Dash ($DASH ) - a cryptocurrency with an emphasis on privacy and fast transactions, popular for payment.

3. Monero ($XMR) - focuses on complete anonymity of transactions, accepted in many darknet markets.

The choice of cryptocurrency for payment depends on the needs for speed, anonymity and commissions. Learn the features of each before use.

What do you think about each of these cryptos?

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Cryptocurrencies to pay for goods and services

And here are these cryptos:

1. Bitcoin ($BTC ) - the most popular cryptocurrency for payments, accepted by many companies and services around the world.

2. Ethereum ($ETH ) - the second cryptocurrency by capitalization, is also widely used for payment.

3. Litecoin ($LTC ) - one of the oldest cryptocurrencies with low commissions, convenient for micropayments.

The choice of cryptocurrency for payment depends on the needs for speed, anonymity and commissions. Learn the features of each before use.

What do you think about these cryptos?
Which ones do you use to pay in the store?

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#КриптоДляОплаты

The worst people in the crypto industry

And these people:

1. Satoshi Nakamoto is the mysterious creator of Bitcoin, whose identity has not yet been revealed. Abandoned the project at an early stage.

2. Gavin Andresen - former leader of Bitcoin Core. Supported the fraudulent project SegWit2x, split with the team.

3. Craig Wright - self-proclaimed "Satoshi Nakamoto". Repeatedly caught in lies and fraud.

4. Dan Larimer - founder of EOS, BitShares and Steem. Accused of code plagiarism and unfair development.

5. Justin Sun - creator of Tron. Criticized for plagiarism, White Paper fraud and over-promising.

These individuals have damaged the industry with their actions and statements. However, crypto is a decentralized system that does not depend on individuals.

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The best old crypto projects

And here are these cryptos:

1. Bitcoin ($BTC ) is the first and most famous cryptocurrency, launched in 2009. High capitalization and liquidity.

2. Ethereum ($ETH ) - blockchain for smart contracts and DeFi, founded in 2015. Wide application.

3. Litecoin ($LTC ) - one of the oldest cryptocurrencies since 2011. Fast and cheap transactions.

4. Ripple (XRP) - payment system for banks, launched in 2012. High transaction speed.

5. Dogecoin (DOGE) is a popular meme coin since 2013. Active community and low fees.

These projects have proven their viability and have a great influence in the crypto industry. However, always diversify your investments and explore new promising projects.

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Worst Crypto Failures

And these are the worst cryptos:

1. BitConnect is one of the largest cryptocurrency pyramids that deceived investors out of $2.6 billion. It promised unrealistic returns of up to 40% per month.

2. OneCoin - a $4 billion scam posing as the "Bitcoin killer." The founders were arrested.

3. PlusToken - Chinese $3 billion pyramid scheme with fake wallet and token. The organizers fled.

4. iFan and Pincoin - two related scams from Stephen Sizer that defrauded investors of $600 million.

Due to character restrictions, other projects are omitted. Remember: if they promise unrealistic returns, it is most likely a scam.

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Bad cryptocurrency that was a hype:

And this crypto:

BitConnect is a notorious cryptocurrency that turned out to be a pyramid scheme.

• Hype and price growth in 2017 with promises of unrealistic profitability.

• Maximum of $463 in December 2017.

• Fraud allegations and project closure in January 2018.

• Investors lost millions of dollars.

Instructions:

• Research the project team and technology before investing.

• Don't trust promises unrealistically.
high profitability.

• Analyze activity and liquidity on exchanges.

• Diversify your investments, do not invest everything in one asset.

• Use stop losses to limit losses.

• Be careful with hype and little-known coins.

The BitConnect story is an example of how hype and greed can lead to loss of investment. Always be vigilant.

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#BitConnect#BitconnectPyramid#Hype#Fraud #CryptoRisks

Cryptocurrency that was a hype

And this crypto:

Dogecoin is one of the most popular and hyped cryptocurrencies of the past years.

• Originally created as a joke and meme coin in 2013.

• In 2021, DOGE price skyrocketed from $0.005 to $0.73 (up 14,500%).

• Popularized by Elon Musk's tweets and the community.

• High inflation and volatility.

Instructions:

1. Register on a crypto exchange that trades DOGE (Binance, Kraken).

2. Buy DOGE on the spot market or through a P2P exchange.

3. For storage, use a reliable wallet (Ledger, Trezor).

4. Follow Dogecoin news and influencer tweets.

5. Diversify your investments, don’t invest everything in $DOGE .

6. Be prepared for high volatility and possible collapses.

Dogecoin remains a popular but highly speculative cryptocurrency. Invest carefully and only available funds.

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#Dogecoin

Two little-known cryptocurrencies that took the heat

And here are these cryptos:

1. Gala ($GALA ):

• Gaming cryptocurrency and Gala Games platform.

• In November 2021, the price of GALA soared from $0.03 to $0.83 (an increase of 2600%).

• Focus on money-making games (GameFi) and metaverses.

• Partnerships with famous games and franchises.

2. Chiliz ($CHZ ):

• Socios platform token for sports club fan tokens.

• In March 2021, CHZ rose in price from $0.01 to $0.89 (an increase of 8800%).

• Partnerships with top football clubs and leagues.

• Fans can influence club decisions through tokens.

Gala and Chiliz were little-known projects, but thanks to unique ideas and partnerships they were able to attract the attention of investors and show impressive growth.

However, it is worth remembering the high risks and volatility of the cryptocurrency market. Diversification of investments is extremely important.

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#GALA #Chiliz

Comparison of little-known cryptocurrencies: Which is better?

1. Radix ($XRD):

• Scalable next-generation blockchain platform.

• Unique architecture, high throughput.

• Focus on DeFi applications and low fees.

2. Secret Network ($SCRT ):

• Blockchain with a focus on privacy.

• Private smart contracts and data protection.

• Applications in DeFi, NFT and web3 applications.

Instructions:

• Explore technologies and project roadmaps.

• Assess prospects and growth potential.

• For DeFi investing, choose Radix (XRD).

• For confidential applications, select Secret Network (SCRT).

• Diversify investments across multiple projects.

• Follow news and updates from development teams.

Radix and Secret Network are promising little-known projects with unique advantages. The choice depends on your preferences and investment goals.

What do you think about these cryptos?

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#Radix #SecretNetwork

Comparison of DeFi and NFT: Which is Better?

And here's the comparison:

1. DeFi (Decentralized Finance):

• Financial services without intermediaries based on blockchain.

• Lending, borrowing, trading, insurance.

• High profitability, but also high risks.

• Popular projects: Aave, Uniswap, Curve.

2. NFT (Non-Fungible Tokens):

• Unique digital assets on the blockchain.

• Collecting, games, metaverses.

• Speculative market, high volatility.

• Popular projects: CryptoPunks, Bored Ape Yacht Club.

Instructions:

• Determine your goals: passive income or speculation.

• Understand the risks and characteristics of each industry.

• For DeFi, choose reliable, well-capitalized protocols.

• For NFTs, analyze the demand and prospects of projects.

• Diversify investments between DeFi and NFTs.

• Stay tuned for news and updates in both industries.

Choosing between DeFi and NFTs depends on your goals, experience, and risk tolerance. Both sectors have high potential, but require caution.

What's best for you?

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#DeFi #NFT

Comparison of margin trading and futures in crypto

1. Margin Trading:

• Allows you to open positions with leverage.

• Greater risk of loss due to high leverage.

• Suitable for short-term trading and speculation.

• Available on most crypto exchanges.

2. Futures:

• Contracts for the purchase/sale of an asset in the future at a fixed price.

• Less risk as positions have an expiration date.

• Suitable for hedging and speculation.

• Available on specialized exchanges (Binance Futures, FTX, Deribit).

Instructions:

• Understand the risks and features of each tool.

• Choose a reliable exchange with low fees.

• Use stop losses to limit losses.

• Do not open positions with maximum leverage.

• Diversify your investments.

Follow the news and analyze the market.
Margin trading and futures require caution and an understanding of the risks, but can be profitable if done correctly.

What is closer to you?

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Proper investment in cryptocurrency

To successfully invest in cryptocurrencies you must:

1. Study the projects and their development teams.

2. Assess the history and reputation in the crypto market.

3. Diversify investments. Don't invest everything in one project or coin.

4. Use reliable crypto exchanges.
Popular: Binance, Coinbase, Kraken.

5. Store cryptocurrency in secure wallets.

5. Hardware wallets are recommended.

6. Follow news and project updates.

7. Monitor new features and integrations.

8. Invest for the long term.

Cryptocurrencies are volatile, but have growth potential. By studying the market and investing in promising projects, you can profit from the growing popularity of cryptocurrencies.

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The Worst Crypto Investors in 2024

And these are the investors:

1. Unknown Hacker - hacked the Benebit cryptocurrency exchange. Stole millions of dollars, leaving investors with nothing.

2. The Bitconnect team is the organizers of the notorious crypto pyramid. Thousands of people around the world have been deceived.

3. The creators of Shitcoin - released a token with a provocative name. They ridiculed low-quality projects in the crypto industry.

These cryptocurrency investors and creators have caused significant damage to the reputation of the industry by betraying the trust of many people.

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The Worst Crypto Investors in 2024

And these are the investors:

1. Josh Garza is the founder of the fraudulent cryptocurrency Paycoin. He deceived thousands of investors, receiving multimillion-dollar profits.

2. Ponzi Scheme - creator of the Ponzi Coin cryptocurrency. He openly admitted that his project is a financial pyramid.

3. Anonymous Developer - creator of the useless Ethereum Token.

These cryptocurrency investors and creators have caused significant damage to the reputation of the industry by betraying the trust of many people.

What do you think about these unsuccessful investors?

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The most active crypto investors in 2024
Part 2

And here are these cryptos:

1. Mike Novogratz - former hedge fund manager, founder of Galaxy Digital. Invests in various cryptocurrencies and blockchain projects.

2. Cameron and Tyler Winklevoss - twin brothers, founders of Gemini. Large investors in Bitcoin and other crypto assets.

3. Tim Draper is a well-known venture capitalist and investor in blockchain startups. He supports projects related to decentralization.

These investors are actively investing in cryptocurrencies and blockchain technologies, contributing to the development of the industry.

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The most active crypto investors in 2024

And these are the individuals:

1. Michael Saylor - CEO of MicroStrategy, has invested billions in Bitcoin.
Strong proponent of BTC as a hedge against inflation.

2. Andreessen Horowitz is a well-known venture capital firm that invests in crypto startups. Supports projects in DeFi, NFT, metaverses.

3. Vitalik Buterin - co-founder of Ethereum, active investor in the ETH ecosystem.
Funds the development of scalable solutions.

These investors are actively investing in cryptocurrencies and blockchain technologies, contributing to the development of the industry.

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