Most old alts are dying and unlikely to see significant future growth
Here's a list of 8 coins you shouldn't buy in 2024👇
The altcoin landscape is facing chaos, marked by substantial downturns.
Numerous prpjects are set to release tokens valued at more than $750 million, potentially triggering major sell-offs.
Which altcoins and categories should you steer clear of?
⫸ Old Projects
A multitude of older projects are not only obsolete but also overvalued.
Without innovation or potential, they present no avenues for growth.
Inevitably, they will lag behind $ETH in the coming period, a trend that is already evident.
⫸ P2E and various outmoded sectors
Projects linked to obsolete trends like P2E are destined for a slow decline.
Buying tokens during massive sell-offs essentially makes you the cash-out point for venture capital investors.
⫸ Artificial Tokens
Founding teams or venture capitalists manipulate tokens, inflating their value.
Prices reflect investor manipulation, not true market value, with the risk of a sudden 90% crash.
1/ | $APT
Aptos, a top layer-one blockchain, will release 11.31 million APT tokens worth $69.46M (1.01% of Total Supply) yesterday.
Given the recent plunge in price from $18 to under $7, this token unlock could place additional strain on the market value.
2/ | $ADA
Cardano, a proof-of-stake blockchain, aims to foster global progress.
ADA has dropped 57% in 8 months, now around $0.35, making it a risky investment.
3/ | $AXS
Axie Infinity, while pioneering the play-to-earn concept, encounters substantial challenges.
At present, $AXS stands at $4.64 with a market cap of $693.2M. However, the complex landscape of blockchain gaming might hinder its upward trajectory.
4/ @Ripple | $XRP
The $XRP Ledger supports transactions, small payments, DeFi, and soon NFTs. Ultimately, it's seen as an overvalued derivative of $BTC.
Since September 2021, the token has fallen from $1.39 to $0.57 showing no signs of possible growth.
5/ @dYdX Protocol | $DYDX
The primary concern with DYDX lies in the token unlocking process.
These unlocks cause ongoing selling pressure, gradually lowering the price.
This scenario is common among similar projects; it's crucial to always review the vesting schedule.
6/ | $DOT
Polkadot is an open-source protocol connecting specialized blockchains for cross-chain data and asset transfers.
$DOT may not exceed its 2021 high, as indicators suggest it might fall short of growth expectations despite strong tech.
7/ | $XMR
$XMR stands out for its private and anonymous transactions.
Yet, its value has remained flat since 2022 and faces potential bans like Tornado Cash.
High valuation, obsolete tech, no future growth, substantial risks.
8/ @Filecoin | $FIL
$FIL is experiencing significant turbulence with a sharp downturn in the past three months.
Recognized for its decentralized storage capabilities, its recent struggles make it a perilous investment choice.
#altcoins #binance #AltcoinInvesting #CryptoInvestingTips #Write2Earn!

#XRP : Exploring Its Role in Global Cryptocurrency and Payment Transfers
XRP is a digital coin backed by the XRP Ledger, designed for easy and smooth online transfers. It is fast, inexpensive, and works without borders, offering security without needing banks. Developed by Jed McCaleb, Arthur Britto, and David Schwartz, XRP started with 100 billion coins. The creators gave 80 billion to Ripple to boost its growth. Ripple, once called OpenCoin Inc., aims to make global transactions smoother. By holding XRP in escrow, Ripple releases XRP in a steady manner to manage its supply. As we look at patterns from past bull runs, XRP has the potential to play a significant role in digital payments worldwide.
Solana Eyes Growth in the Next Altcoin Season
Solana is a blockchain platform known for its scalability. It supports decentralized apps and competes with Ethereum and Cardano. Solana aims for fast transactions and development flexibility. Its native cryptocurrency, #SOL , helps run the network. It facilitates transactions, operates custom programs, and rewards participants. Solana’s high-capacity network avoids using sharding or second-layer solutions. This might appeal to developers and investors. As 2024 unfolds, Solana could see interest with the potential return of altcoin season. SOL’s role in its ecosystem highlights its valued place in transactions and projects. With these features, Solana holds potential for growth as digital currencies gain attention again.
Toncoin Looks to Shine in a Promising Altcoin Season
Toncoin is the key cryptocurrency of The Open Network, a blockchain platform. Initially crafted by Telegram, it’s now led by the TON Foundation. Toncoin uses a proof-of-stake model, boosting its speed and security with low fees. It aims to offer solid payment services and more, like decentralized storage and networking. Looking ahead, the price forecast for 2025 ranges from $6.45 to $30.30. And by 2030, estimates suggest a rise to $16.06 to $26.04. These points reflect a positive potential, echoing past growth paths seen within the crypto landscape. Keep an eye on Toncoin as the market evolves.
#altcoins #binance

#US presidential candidate #donaldtrump is launching a DeFi project while running his election campaign. Trump will explain the details of the project he is advancing with his sons tonight at 00:00 on X.
US presidential candidate Donald Trump will announce the details of the DeFi project called World Liberty Financial in a few hours. It will be broadcast on X at 00:00 UTC time, and unanswered questions about the project will be answered.
On the other hand, there are some ways to go. The project is likely to be a decentralized crypto lending platform. World Liberty Financial is expected to offer a system where owners can lock their assets and bring them. The official channels of the project frequently refer to stablecoins, and it is emphasized that stablecoins will be operated worldwide based on this.
Other information that has emerged shows that World Liberty Financial has also increased a token called WLFI. This token will be offered with a pre-sale. It is planned to obtain 537 million works from the sales. Allegedly, there are strong elements between World Liberty Financial and another DeFi project, Dough Finance. It was determined that team parts of World Liberty Financial, especially Chase Hero, were involved in Dough Finance. Dough Finance experienced a hack in July, in which 2.1 million crypto pieces were stolen.
Some important figures in the crypto industry are on the permanent advisory staff. Sandy Peng, co-founder of Scroll, one of the leading L2 networks, as well as Luke Pearson, a friend of Polychain Capital, a crypto-focused and large investment, are among the team members.
World Liberty Financial was first announced in August by Trump's sons Eric Trump and Donald Trump Jr., saying, "We are coming to shake up the crypto world." It was learned that Trump's youngest son Barron was also involved in the project.
#BTC #binance #elonmusk

#donaldtrump , who faced another assassination attempt over the weekend, gave the support of crypto stars and talked about his new project with the Space broadcast on X at night.
Stating that the Biden government and the SEC have a hostile attitude towards cryptocurrencies, as he has said many times before, Trump took part in 40 minutes of the approximately 2-hour broadcast.
Trump said that hell is possible in the #US in the crypto world where Kamala Harris won the election and that those currently under SEC investigation will become much more difficult. The presidential candidate also said that there is a possibility that the US will lose its advantage in this area to China.
9 episodes were in preparation In the 2-year-long broadcast, Trump spoke for about 40 minutes and the technical details were reserved for other founders and executives. After Trump's sons Eric Trump and Donald Trump Jr. also spoke, other executives took the floor.
Steve Witkoff, one of the founders who has been a long-time friend of Trump and has expertise in real estate, said that he is in the preparation phase for the 9th hearing. Later, Chase Herro and Zachary Folkman were taken over to provide details.
What will be the status of the token?
Folkman's current information detailed the token transactions. Folkman gave information about the storage of a pre-sale or mass storage by expanding the project's administrative token WLFI.
According to the details; 63% of the #WLFI token will be offered for sale generally, while 17% will be reserved for World Liberty Financial (WLF) users and rewards. The remaining 20% will be distributed in managers and packages.
The token is according to the maturity terms of the SEC's Regulation D. Regulation D allows the raising of capital through securities (providing certain conditions) without registering with the SEC in the first place. Folkman said that this choice arose due to being in the crypto industry in the US.
World Liberty Financial, where people can get loans, offer and invest in crypto, has added important names in the crypto sector to its structure. These names included Scroll co-founder Sandy Peng and Polychain Capital friend Luke Pearson.
#binance #elonmusk

Miles Deutscher, who stands out with his cryptocurrency analysis, announced the 3 cryptocurrencies he is following in the short term.
Miles Deutscher, who has 540,000 followers on X, shared the 3 Altcoins he follows this week. Stating that it will be a critical week for the crypto industry, the analyst compiled the altcoins that may stand out in case of an increase. Which projects does the analyst, who has diversified his portfolio considerably, prefer?
1- (#FTM ) Deutscher highlights Fantom ($FTM ) as an altcoin to fill and sees it have even greater upside potential. The popular altcoin gained 20 percent in the past week, with Bitcoin also outperforming Ethereum. This uptick comes on the back of upcoming developments, including the highly anticipated Sonic.
FTM currently has a market structure of $1.59 billion. Its 24-hour trading volume is $265 million.
2- Mantra ($OM ) Mantra (#OM ) continues to remain on Deutscher’s radar, gaining 27 percent after its strong hand last week. Defined by its DeFi features, Mantra has shown growth and continues to show promise, especially with macroeconomic factors such as the upcoming interest rate cut.
OM has a market value of $886 million as of the writing of the news. Its 24-hour trading volume is $10.24 million.
3- Simulated (#SUNDOG ) Sundog has increased by 30 percent in the past week and continues its positive momentum. According to Deutscher, Sundog has outperformed other altcoins in its portfolio. According to the analyst, the real excitement could come if Sundog breaks its all-time high (ATH).
4- Layer Zero ($ZRO ) Zero (ZRO) stands out as the best choice in Deutscher's interoperability systems. He cites two important factors for ZRO's potential: the status of the token and the unlocking of any tokens by July 2025. These factors play an important role in price stability.
ZRO currently has a market structure of $447 million. Its 24-hour trading volume is $121.05 million.


#altcoins #binance

Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
DOGS is a dog-themed meme coin built on The Open Network (TON) blockchain, inspired by a dog character called Spotty.
The coin has a total supply of 550 billion tokens, with over 516 billion already in circulation, distributed mainly to Telegram users based on their activity.
DOGS gained significant exposure through its launch on Binance Launchpool, but like other meme coins, trading DOGS involves uncertainty and volatility risks.
DOGS Meme Coin
Similar to other dog-themed coins like Dogecoin and Shiba Inu, DOGS is a dog-themed meme coin. Developed on The Open Network (TON) blockchain, DOGS draws its identity from Spotty, a character linked to Telegram's founder, Pavel Durov.
Durov created Spotty as a simple dog sticker used in a charity auction to support orphanages. Soon after that, Spotty grew into a popular figure in the crypto space.
Token Metrics (Dogenomics)
DOGS has a total supply of 550 billion tokens, of which 516.75 billion are in circulation (as of September 2024). The coin’s distribution strategy involved DOGS tokens being airdropped to users based on their activity and engagement on the Telegram platform.
According to the official DOGS Telegram:
81.5% of the total supply will be allocated to the community without any vesting periods or locks. Out of the 81.5%, 73% went to Telegram OGs who earned DOGS through the mini-app tasks and activities. The other 8.5% is allocated to rewards for sticker creators, traders, and future community members.
10% is allocated for the DOGS team and future project development, mostly with a 12-month vesting period.
8.5% is reserved for liquidity on centralized and decentralized exchanges or other liquidity-related events.
DOGS Airdrop
The DOGS airdrop considered factors like the age and activity of Telegram accounts and whether they had a Telegram Premium subscription. The approach aimed to combine the meme coin culture with Telegram’s user base for wider adoption.
On average, each eligible user received around 9,500 DOGS, with more than 400 billion DOGS tokens distributed by August 20.
How to Claim the DOGS Airdrop?
The last day to earn DOGS tokens from the initial airdrop was August 14, 2024. Eligible users who participated in the DOGS games and Telegram activities before the deadline can still claim their DOGS airdrop via the official DOGS Telegram bot.
Eligible users can choose to claim their DOGS on-chain without fees (slower process) or with a small fee (faster withdrawal).
As of September 3, 2024, there is no official information about the possibility of new airdrops in the future.
Market Presence
DOGS managed to achieve 1 million Telegram users in less than 24 hours and is ranking among the top 100 cryptocurrencies by market capitalization (as of September 2024). However, like many meme coins, its value and long-term sustainability remain subjects of speculation.
Binance Launchpool
On August 21, 2024, DOGS was introduced on the Binance Launchpool, where users could earn DOGS tokens by staking their BNB or FDUSD. This launch provided DOGS with additional exposure and liquidity through the largest cryptocurrency exchange in the world.
Closing Thoughts
DOGS is a meme coin with deep connections to the Telegram platform, mixing elements of charity, crypto, and meme culture. It has gained attention thanks to its listing on Binance Launchpool and its unique way of distributing tokens.
However, like most meme coins, DOGS can be pretty unpredictable, so anyone thinking about investing should be aware of the risks involved. Do your own research and never invest more than you can afford to lose.
Further Reading
What Are Meme Coins?
Your Guide to Binance Launchpad and Launchpool
What Is Dogecoin?
What Is Shiba Inu (SHIB)?
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