**If You Put $10,000 into $XRP in September 2018 💸**
Today, your investment would still be worth $10,000 🤯
**99% of altcoins are destined to fail and never see growth.**
Here are 10 coins you should steer clear of (you might be holding them) and how to identify them 🧵👇
**Three Main Types of Altcoins to Avoid:**
**1️⃣ Old and Overvalued Projects:**
**Characteristics:**
- Lack of innovative technology and no growth potential.
- Likely to underperform compared to $ETH in the long run.
**Example:**
- @Ripple | XRP
- Built for fast, low-cost international transfers.
- An unnecessary offshoot of $BTC with an overly high valuation.
- Not the worst, but $ETH or $BTC are superior choices.
**2️⃣ Artificial Tokens:**
**Characteristics:**
- Supply is entirely controlled by the team or VCs.
- Value is often manipulated.
**Risks:**
- Price doesn't reflect actual market value.
- Prone to sudden drops of -99%.
**Example:**
- @worldcoin | $WLD
- An artificial token with a controlled supply.
- Value can be manipulated, making it prone to dumping.
**3️⃣ Projects from Past Trends or High FDV, Low MC, and Constant Sell Pressure:**
**Characteristics:**
- Originated from outdated trends (e.g., defunct P2E games).
- High Fully Diluted Valuation (FDV) and low Market Cap (MC).
- Continuous sell pressure.
**Risks:**
- Heading towards a slow demise.
- Investing in these tokens means becoming exit liquidity for VCs.
**Examples of Doomed Tokens:**
1. @worldcoin | $WLD
- Supply is tightly controlled.
- Likely to be dumped.
2. @Ripple | $XRP
- Unnecessary offshoot of $BTC.
- Overinflated valuation.
3. @eth_classic | $ETC
- Split from $ETH in 2016.
- Largely ignored by developers with little future potential.
**Learn to spot these projects and differentiate between junk and gems!**
