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Cryptocurrency News Articles
Top 3 Altcoins to Avoid at All Costs This Bull Cycle and 1 Set to Skyrocket At Least 2500% by 2025
Oct 05, 2024 at 04:20 pm
The cryptocurrency market changes constantly, as does the set of coins that go up in price in every bull cycle. While some of the projects were promising in the past, many have not been able to keep the upward trend and will have even more severe problems in the future.
The cryptocurrency market is known for its volatility, and each bull cycle brings a unique set of coins that soar in value. While some projects may have shown promise in the past, they might encounter challenges in the upcoming bull cycle.
Here's a list of three altcoins to avoid during this bull cycle—Ripple (XRP), Solana (SOL), and Dogecoin (DOGE)—and one that could potentially skyrocket:
Avoid Ripple (XRP): Legal Troubles Hinder Growth
Current Price: $0.57
Ripple (XRP) was touted as a revolutionary force in the remittances industry, boasting low costs and seamless integration with payment systems. However, its growth was stifled by a major legal hurdle.
In 2020, Ripple was slapped with a lawsuit by the SEC, alleging that the company had sold ‘$1.3 billion’ worth of unregistered securities in the form of XRP. While Ripple has had some success in the litigation as a corporation, the threat of regulation still looms.
The lawsuit has hindered XRP's growth, with several major exchanges halting its trading activity. Even if Ripple emerges victorious in the case, the negative publicity and regulatory scrutiny will likely continue to impact its development.
With other cryptocurrency projects offering efficient payment solutions and eating into Ripple's once-dominant market share, XRP's appreciation seems unlikely this bull cycle.
Solana (SOL): An Unstable Blockchain Set to Stifle Growth
Current Price: $153
SOL was introduced as a low-cost, high-throughput alternative to Ethereum, quickly garnering attention from investors and developers alike. Despite its rapid rise and early successes, Solana's blockchain has experienced several periods of downtime, leading to frustrations and casting doubt on its future.
These network outages, coupled with increasing competition from other Layer 1 blockchains like AVA and Eth 2, make SOL's future uncertain. While the platform still boasts a large developer base and a growing ecosystem, it has lost some ground to other blockchains that have swiftly gained traction in recent months.
Solana's persistent network issues have also damaged its reputation as a primary platform for DeFi and NFTs. Although Solana may attempt to recover, these challenges will continue to render it a risky entry point in this bull cycle.
Stay Clear of Dogecoin (DOGE): A Meme Coin Drawing More Daggers Plus a Downtrend
Current Price: $0.13
The widely-held meme coin, Dogecoin, was initially created as a joke, but it managed to gain traction, especially in 2021, thanks to personalities like Musk and social media. However, despite enjoying the limelight and fanatical support, Dogecoin's popularity began to wane as its fundamentals proved to be weak for a sustained bull run.
While this parody currency might have yielded decent returns for its early investors, Dogecoin's prospects are bleak and headed sharply downhill. Unlike most blockchain projects that prioritize developing ecosystems through decentralized applications and smart contracts, Dogecoin lacks any such initiative.
There's no further technological advancement, adoption, or practical use of DOGE products on the horizon. Hence, DOGE will be unable to rally its audience as it once did, and with newer, more innovative projects emerging, Dogecoin may eventually be left behind.
Embrace Rexas Finance (RXS): The Growth Potential Reaches 2500%
Current Price: $0.05 (Presale)
Unlike the altcoins mentioned above, Rexas Finance (RXs) is a project with massive upside potential. Through the Rexas Finance platform, anyone can invest in tokenized real-world assets (RWA).
The platform aggregates RWAs such as real estate, art, commodities, and more, allowing users to own fractions of these valuable assets through blockchain technology. This paradigm shift opens up previously inaccessible opportunities for both retail investors and institutions.
Tokenization, the process of converting valuable assets into digital tokens on a blockchain, is a rapidly growing segment of the crypto industry, and this is where Rexas Finance positions itself. By offering fractional ownership, Rexas has opened up multi-trillion dollar markets to the masses, such as real estate, which is valued at over $280 trillion.
The inherent value and disruptive potential of Rexas Finance’s services have attracted both institutional and retail traders. Investors looking to acquire RXS tokens at a price of $0.05 during the presale stage of the RXS token sale stand to benefit from a low entry point thanks to the presale bonus.
This potential stock looks promising as predictions put Rexas’ finance stock appreciation through to the year 2025 at 2500% with a stock price of around $12. As such, Rexas Finance stands to benefit immensely within the next bullish cycle of the market from the vast maturing of the market and the ability to tap into new sources of funds which wasn’t possible before.
Conclusion
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