Understanding the Ripple Investment Landscape: Then and Now

The Ripple Investment Story: A Look Back at 2018

Not all cryptocurrencies have been as fortunate as Bitcoin and other popular crypto assets, which have seen tremendous increases over time. When compared to its price six years ago, XRP, for example, has not yet seen a significant increase. Crypto analyst Cyclop claims that if someone had put $10,000 into XRP in September 2018, they would still have about $10,000 now. This is due to the fact that XRP is currently trading at a level that is similar to what it was nearly six years ago.

A prevalent problem in the cryptocurrency industry is that many altcoins don’t provide appreciable long-term profits, which is essentially what this apparent lack of notable growth is telling us. This is a clear reminder of how risky and speculative altcoin investing can be. According to Cyclop, 99 percent of these altcoins are destined to crash or never see substantial growth.

Cyclops: Stay Away From These 3 Types of Altcoins

Cyclops outlined three primary categories of altcoins that investors ought to stay away from.

• First of all, a lot of older projects have lost their inventiveness and competitive edge and are just too costly and out of date.
• Second, because value manipulation is possible with fictional tokens, the team or venture capitalists control the entire supply, which presents serious dangers. It is possible for these coins to be pumped and dumped, losing money to gullible investors.
• Last but not least, it is frequently impossible to continue ventures that follow previous patterns, such as dead play-to-earn (P2E) games or those with high fully diluted valuations (FDV) but low market capitalization (MC) and persistent sell pressure. These projects frequently experience significant sell-offs, which further depreciate the token and render it an unwise investment.

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