TOP 3 Bad projects with TOP MARKETCAP
Hello guys!
Top 3 BAD projects with highest Market Cap (Don't invest)
It's just IMHO and i want to share it
1. Ripple (XRP)
- How we can see peoples own only 39% of XRP and it has 100 Bill market cap (its 43% of bitcoin market cap)
61% XRP ( about 61B XRP / 152B Market Cap) held privately by founders. Ripple its NOT CRYPTOCURRENCY
Wikipedia:
“Released in 2012, Ripple is a real-time gross settlement system, currency exchange and remittance network by Ripple Labs. It is also called the Ripple Transaction Protocol and is built upon a distributed open source Internet protocol, consensus ledger and uses the native “cryptocurrency” XRP. Ripple’s focus is to create a system than enables “secure, instantly and nearly free global financial transactions of any size with no chargebacks”.
At its core, Ripple is based around a shared, public ledger which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.”
2. Cardano (ADA)
- Cardano's Ouroboros <= DPOS
“their algorithm is not “new” but a less secure slower variation of the DPOS algorithm I originally introduced in April 2014”
https://steemit.com/cardamon/@dan/peer-review-of-cardano-s-ouroboros
If u reading this, u likely know what is STEEMIT, and how it work (DPOS). Thx @dan for explaination what Ouroboros is and how it work.
3. TRON (TRX)
- The project has no product and the one thing it has, a whitepaper, is fully plagiarized. You can read more here
I kind of disagree on XRP, it is a crypto but what people fail to realize is that the XRP in Ripple is not the same thing used by its customers. We're effectively guinea pigs for their protocol in the public space while they setup private block chains for their customers.
100% agree on Tron and Cardano, anyone who bothers to research can see the craze involved with those. I think with Tron tho it's more cult of personality of Justin Sun.
May be but last two have me pretty good profits.
Hype train pump every crypto, i made best profit with shitcoins, just be carefull if u investing in long term ;)
same here! I got into TRX at .002 and sold at .18 and then rebought in yesterday at .11 hoping for another quick run! you just have to be careful and set stops so you do not get burned in your sleep.... No that really happened once lol
was kind of expecting Bitconnect in here, still wasnt disappointed
If somebody need guide. I have made a buying Cardano 🚀🚀🚀🚀 step by step guide:
https://steemit.com/cardano/@karolynaz/cardano-ada-is-the-next-big-thing-in-crypto-but-how-do-i-get-cardano-coins-guide-howto
did you read this or just have a bot that auto posts this link on anything that says "cardano"?
I think 'Tron' is a good example of minimalism.