If You’d Invested $10K in XRP in September 2018, This is How Much You’d Have Today
Prominent cryptocurrency analyst cyclop (@nobrainflip), who has a substantial following on the X social media platform, recently shared a list of cryptocurrencies that he believes are destined to fail and should be avoided by investors.
If you had invested $10,000 in XRP back in September 2018, you would be surprised to find that you still have $10,000 today. 🤯
The analyst states that 99% of altcoins are doomed to never grow and eventually plummet in value. He also provides a thread on how to identify these coins and warns investors against holding onto them. Check it out here: 👇 pic.twitter.com/eEOJjS8xl9
— 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) July 21, 2024
The list prominently includes XRP, a cryptocurrency affiliated with Ripple. According to the analyst, if you had invested $10,000 in XRP in September 2018, your investment would have stayed at $10,000 till this day.
The analyst describes XRP as an “unnecessary fork” of Bitcoin and believes that its valuation is artificially inflated. While he acknowledges that XRP is not the worst coin, he predicts that it will underperform compared to Bitcoin and Ethereum, the leading cryptocurrencies in the market.
Other tokens such as Ethereum Classic, Bitcoin Cash, Monero, and Axie Infinity also made it onto the list of coins that should be avoided.