Crypto

in #crypto β€’ 6 years ago

πŸ“Š The crypto currency market is badly balanced πŸ“Š

Very few coins really cost as much as they should cost. In addition to the unvalued projects there are also overvalued ones: I want to talk about them today.

So, 3 coins from the TOP-20 by capitalization, which I do NOT hold and I don't intend to buy.

XRP
In general, it is difficult to call XRP a crypto currency, it is centralized and more than half of tokens are held by developers of the coin. Moreover, if you decide to dig deeper, you can find out that all the big news about partnership with large banks are connected with XRP only indirectly. Personally, it seems that in the future Ripple may become an "official" US crypto currency, as it will be easy to control, and perhaps all crypto traders know this project. Especially because of an ability of speculating this coin I do not buy and don't hold ripple.

BCH (BCC)
Bitcoin cash gives the impression of a coin created for pumps and dumps. Obviously, he won't replace bitcoin, and compared to other altcoins with a large capitalization, the Bitcoin Cash looks ridiculous. The 4th place in terms of capitalization is very high for this project.

TRX
Oh, TRON ... The biggest bubble of January this year. In fact, creators of the project - really geniuses, they so competently conducted the large advertising campaign, that, probably, everyone bought the throne or at least thought about buying. At the same time, we actually have a stolen whitepaper (which is already a good reason to trample the project into the ground), a weak product and already 15th place in terms of capitalization.
In fact, I'm sure that the TRON will fly, it can do X2, X3, and at least X5. So, why do not I buy it? Because I think that it's silly: to invest in a project created in order to advertise as much as possible and sell at the peak.

Never invest in projects that you do not know much about, always study the team, whitepaper, check activity on social networks.