Cryptocurrency is experiencing a renaissance, leading even the least relevant digital currencies to accrue great value. Before it’s too late, investors must learn which cryptos to sell. Dogecoin has no cause to soar to such heights, and a slew of other cryptocurrencies are in the same position. It’s the cryptos that don’t have any intrinsic value, a typical case of “survival of the fittest.”
Shiba Inu (SHIB)
SHIB, a Shiba Inu token, was designed under the alias “Ryoshi” in August 2020. The adorable attractiveness of the meme currency drew in a community of investors, and the coin soon acquired speed and value. Shib will be listed on its own ShibaSwap exchange as the DOGECOIN KILLER.
Ethereum Classic (ETC)
Ether Classic (ETC) is a hard fork of the cryptocurrency’s original form, which was introduced in July 2016. ETC’s main purpose is to serve as a smart contract network that can host and enable decentralised apps (DApps). ETC is the native token. After a significant hacking incident resulted in the theft of 3.6 million ETH, the ETC currency was established.
TRON bought BitTorrent, a prominent peer-to-peer (P2P) file sharing and torrent platform, in July 2018. BitTorrent has introduced several additional capabilities after its purchase, including a dedicated native cryptocurrency token, BTT, which was published in February 2019. TRON’s blockchain will host the BTT token, which will follow the TRC-10 standard. It is the world’s “biggest decentralised P2P communications protocol,” according to its official literature.
Bitcoin Gold (BTG)
Bitcoin Gold is a Bitcoin alternative that attempts to combine the Bitcoin blockchain’s security and sturdiness with the ability to experiment and evolve. The BTG network was established in 2017 to become a more user-friendly alternative to “genuine Bitcoin.” Its goal is to create a currency that has the same implementation capabilities as Bitcoin while also allowing DeFi and DApp developers to utilise it. Investors were looking for cheaper versions of ETC and BTG during the height of the crypto craze this spring.
Stellar Lumens (XLM)
Stellar is a decentralised network that allows anyone to send and receive money. One of its aims, when it was introduced in July 2014, was to increase financial inclusion by reaching out to the world’s unbanked. However, it rapidly switched its focus to assisting financial businesses in connecting via blockchain technology. The network’s native coin acts as a bridge, making cross-border asset trading more affordable.
SafeMoon Protocol is a currency that allows for decentralised finance (DeFi). Reflection, LP Acquisition, and Burn are the three functions that occur throughout each transaction. Token owners will earn extra SAFEMOON in proportion to the number of currencies they have in the SafeMoon system. When compared to typical interest accounts, this may be as high as an APY of up to 80%. By the year 2021, SafeMoon plans to establish an NFT exchange, as well as philanthropic projects and crypto educational apps.
Monero is a digital currency designed to allow transactions to be conducted discreetly and anonymously. Through the use of sophisticated cryptography, XMR is meant to conceal senders and receivers. Monero’s creators claim that privacy and security are their top goals, with usability and efficiency following in second. Its goal is to give security to all users, regardless of their technical skill level.
It’s to be noted that this list is just based on the recent bearish movement of these specific cryptos on the market. This article is not financial advice. The list was curated by analysts who focused on price predictions to give insight to deciding investors. The final decision still lies on the investor, you. Whether you decide to hold or sell, it’s highly advised to review the market first before making any decisions to avoid making any losses. You can also check out expert reviews over at Bitcoin Compass if you’re still undecided on your next course of action.