These altcoins will never return to their all-time highs.
Alright, let’s launch a new section called "Trash Coins." The chart doesn’t lie. Is it going up or down? It’s going down, and it has been since 2013.
Of course, I'm talking about $LTC and $XRP . But why?
Litecoin’s market performance has been declining since its peak in December 2017. Despite positive news and adoption, it hasn't managed to surpass its previous highs. The lack of a unique value proposition is also an issue.
While Litecoin was one of the first altcoins to improve upon Bitcoin’s technology, newer cryptocurrencies with better features and scalability have emerged, overshadowing its advantages. Even the introduction of MimbleWimble for enhanced privacy hasn't significantly impacted its adoption or market price.
What’s happening with $XRP now is very similar to what happened with Litecoin in the previous cycle. I was in the previous cycle with Litecoin, which just kept going up. I only saw good fundamentals and thought, "This is silver, Bitcoin is gold."
Institutions were accumulating it, like Grayscale starting a Litecoin fund and incorporating it into their portfolio. There were positive news stories, but over time, it became clear. We entered a bear market and I thought, "Oh man, this is tough." These are the lessons I’ve learned, and that’s why I’m making these posts—to lay out the reality.
With a heavy heart, I have to say XRP is in a similar situation. One of the most significant factors is the ongoing legal battle with the SEC. This lawsuit has created significant uncertainty around XRP’s future and has led many exchanges to delist or restrict its trading. Regulatory uncertainty has made investors cautious, reducing the demand for XRP.
It's near historical lows, and the price levels are reminiscent of 2014. Long story short, it’s not a coin I’d hold.
That’s all for today! I hope this information has been helpful. See you.