If you invested $10,000 to buy $XRP in September 2018, you would still have $10,000 today. 99% of altcoins are destined to never grow. Here are 8 altcoins that should be avoided:
There are 3 types of altcoins to avoid: ① Many old projects, overvalued, without technical iterations, cannot outperform Ethereum at all; ② "Artificial" tokens, whose supply is completely controlled by the team VC, whose value can be manipulated, and face 99% selling pressure at any time; ③ Outdated narrative projects, such as P2E games, with high FDV, low market value and continuous selling pressure.
1) @Worldcoin | $WLD
Worldcoin is an artificial currency, whose supply is completely controlled and whose price can be manipulated at will. It is obvious that it will be abandoned sooner or later.
2) @Ripple Network | $XRP
XRP is designed for fast and cheap international remittances. But in essence, it is an unnecessary fork of Bitcoin and is overvalued.
3) @Ethereum Classic | $ETC
$ETC is a blockchain that emerged after the split from ETH in 2016. Ethereum and ETC are almost exactly the same. The only difference is that ETC has been forgotten by developers and has no prospects.
4) $BCH
Bitcoin Cash is a fork of Bitcoin, which was created to increase the block size, which should allow more transactions to be processed simultaneously, but in the end it just repeated the concept of BTC without making major changes.
5) @monero | $XMR
XMR is known for its anonymity and transaction privacy, however, its value has been stagnant since 2022 and there is even a possibility of being banned as in the case of Tornado Cash.
6) @AxieInfinity | $AXS
This applies not only to $AXS but also to other old P2E game coins, the narrative has changed, there is no more hype, and the FDV is very high.
7) @dYdX Protocol | $DYDX
In $DYDX, the main problem is token unlocking, and their structure is such that they will constantly generate selling pressure, which will drive the price lower and lower.
8) L2 Projects
This applies to useless L2 solutions such as $STRK, $ZKS, etc., with low market cap, high FDV and constant selling pressure, causing the price to plummet.
Key points to consider before investing: unlocking, supply and demand, narrative, FDV/MC.
