As a seasoned cryptocurrency analyst with over half a million followers on X social media platform, I have seen my fair share of digital coins come and go. My recent list of “doomed” cryptocurrencies is based on extensive research and experience in the industry.
Anonymous cryptocurrency expert Cyclop, with over 500,000 followers on the X social media site, has shared a list of cryptocurrencies he believes will not flourish for investors.
The XRP token, linked to Ripple, is given significant emphasis on the list, according to the analyst’s observation. If an individual had invested $10,000 in XRP back in September 2018, their investment would have remained unchanged in value.
An analyst characterized XRP as an “extraneous offshoot” of Bitcoin, implying that its market value appears excessively high.
Despite his admission that XRP isn’t the most disappointing digital currency, he maintains his view that it will trail behind Bitcoin and Ethereum, the top-ranked cryptocurrencies, in terms of performance.
Among the tokens identified for caution are Ethereum Classic, Bitcoin Cash, Monero, and Axie Infinity. These tokens merit careful consideration before investment.
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2024-07-21 22:00