Are You All Holding the Right Altcoins For This Bull Run?
The altcoin market is filled with many coins and tokens, most of which are worthless. Even some top-ranked altcoins might not be worth holding. Are you holding any of these?
**You are responsible for your own investments**
Investing in altcoins is solely the investor's decision. While financial advisors might suggest steering clear of cryptocurrencies, some innovative projects could thrive if regulations become supportive.
**Large market cap cryptos that don’t perform**
Many investors hold top 20 cryptocurrencies, but some don't perform well. These cryptos often drop more in bear markets and don't keep up in bull markets.
**Comparisons with Bitcoin**
To assess performance, compare your altcoin to Bitcoin. If it doesn't outperform Bitcoin over time, consider why you're holding it.
**Two of the crypto zombies**
- **$XRP**: Ranked 8th, down 6.5% against the dollar and 97% against Bitcoin over the last year.
- **Cardano ($ADA)**: Down 93.4% against Bitcoin over the last year.
Despite potential partnerships, holding onto these might not be wise compared to Bitcoin or better-performing cryptos.
**The necessity of making at least 12% to 14% each year**
Investing in crypto aims to outpace fiat currency debasement, inflation, and taxes, aiming for at least 12% to 14% returns annually.
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