3 Cryptos to Sell Before They Drop

Almost all cryptos are shady in some way. Unfortunately, that's just how the crypto market operates. However, you can still make money from investing in many crypto projects if you make smart decisions and manage to get in at the right times.

Worldcoin (WLD-USD) is a Sam Altman project that aims to create a global currency by scanning everyone’s eyes. In return, people will receive WLD tokens, which are a form of cryptocurrency. Worldcoin’s mission is to establish a universal basic income system in anticipation of AI takeover.

I have doubts about AI systems ever fully integrating into the physical world like humans. Furthermore, I question the logic behind this project. Any UBI system would likely originate from the government rather than a crypto project with no external funding. Additionally, there are other crypto projects with a wider merchant network. Bitcoin (BTC-USD) is already considered a global currency, and Worldcoin’s eye scan technology makes it harder to use. Most regions also lack the technology to claim free WLD tokens.

I would advise against purchasing this cryptocurrency due to the high inflation expected in the future. Worldcoin aims to distribute its tokens among 10 billion people, with a maximum supply of 10 billion tokens. The current supply is 240 million WLD. Hence, if a dystopian AI world does emerge, any investment you make now will likely be diluted to the point of insignificance.

Cardano (ADA-USD) might be a surprising choice, but I believe you're better off selling it. Despite being one of the most well-known layer-1 cryptos, the entire ecosystem has been stagnant for years. Many investors might argue that a lot is happening in the background, but it pales in comparison to the development activity on Ethereum (ETH-USD) and Solana (SOL-USD). Most other layer-1 cryptos have far more buzz and activity in their ecosystems while Cardano seems to be lagging behind.

Cardano has also failed to follow through on its grand Africa strategy. I believe this ploy was more of a marketing scheme than anything concrete. I doubt anyone from the Cardano team ever even visited Africa, and the whole thing fizzled out, along with Cardano's Africa web page.

With that in mind, I think you'll find a lot more buzz and upside if you buy Solana or Ethereum instead. Even Avalanche (AVAX-USD) has more momentum these days.

Gala (GALA-USD) is a blockchain gaming crypto that has been slowly dying since the last bull market cycle. I believe this token is unlikely to see a spike anytime soon. The entire crypto play-to-earn sector has been muted this time around, and whatever gaming projects are gaining steam are either new or have better tokenomics than Gala.

Blockchain metaverse projects, in general, have continued to bleed while the rest of the market has gone higher. These metaverse games have very low player counts, which is why I find this token completely unworthy of investment.

My biggest issue here is that Gala has a very high inflation rate, with the project's current supply inflation at almost 45%. Last year, the inflation was 210%, and I believe any spike in player count will only lead to more inflation as more tokens are minted to reward users. You're better off jumping ship.

Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article on the date of publication. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.

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