u.today
Pseudonymous cryptocurrency analyst cyclop (@nobrainflip), who boasts more than half a million followers on the X social media platform, recently published a list of cryptocurrencies that should be avoided by investors since they are "doomed" to never grow.
If you put $10,000 into $XRP in September 2018.
β π°ππ°πΉπΌπ½ (@nobrainflip) July 21, 2024
Today, you would still have $10,000 π€―
99% of altcoins are doomed to dump/never grow.
Here are 10 coins you should AVOID (you're probably holding them) and how to recognize them π§΅π pic.twitter.com/eEOJjS8xl9
The list prominently features the Ripple-affiliated XRP token. As noted by the analyst, if you had invested $10,000 into XRP in September 2018, you would have ended up with the same amount of money.
The analyst described XRP as an "unnecessary fork" of Bitcoin, adding that its valuation is overly inflated.
Even though he has acknowledged that XRP is "not the worst coin," he still believes that it will be underperforming Bitcoin and Ethereum, the two leading cryptocurrencies.
Ethereum Classic, Bitcoin Cash, Monero, and Axie Infinity have also appeared on the list of tokens that should be avoided.