Here are some cryptocurrencies that may be unworthy of a slot in your investment portfolio:
Take a deep dive into the Shiba Inu white paper for its ultimate goal. It is a part of a very robust token ecosystem. But there’s nothing to be done with these tokens. You can farm them, you can stake them, you can vote with them. However, there’s no end goal but to gain value.
The reason Ethereum Classic is not a fit for your portfolio is that it has had five whole years to grow yet has been unable to do that. ETH is now the flagship, and Ethereum Classic has become the “diet” product. With Ethereum in the name, it may become a pump-and-dump product.
As users choose the more robust and convenient option, the service will see a fall in traffic that will translate to fewer transactions. This will disincentivise BTT staking, which is likely to make its core function largely obsolete.
(Photo Source: Bittorrent.com)
When Ethereum and Bitcoin crashed, these “discount plays” tanked. Now, as the mainstream plays begin to build momentum, these cryptos are struggling to get off the ground and make space for their own identities.
The difference is that stellar wants to target the unbanked, whereas Ripple works mostly with global banks to transfer money among clients at very low cost. Ripple holds all the cards in this corner of the crypto market.
(Photo Source: Stellar.org)
(Photo Source: Safemoon.net)
This cryptocurrency is reportedly one of the most used privacy coins in committing crimes such as money laundering. It makes sense to steer clear of a criminal’s favorite currency.