Analysis of 8 tokens that may 'fail” based on narrative and valuation

Original source: ardizor Demand Narrative

This type of analysis will help determine whether a token is worth holding and if it has upside potential. But 98% of altcoins are destined to fail because they simply don’t have any potential. For example, if you invested $10,000 in AXS in November 2021, you would only have $382.5 left today.

• In addition, as can be seen from the chart below, only TON, SOL, Memes and BTC showed significant growth within 90 days. All other so-called “tech” altcoins fell.
• If you don’t want to see your money disappear over time, then you should avoid holding the following three altcoin types.
• Outdated and Overrated Projects

These types of projects usually have no technology because they are made up. Over time, they will gradually lose value compared to ETH, as is seen now.

Projects related to past narratives

• Typical characteristics are high FDV, low market cap and sustained selling pressure. These tokens have lost narrative relevance and are gradually declining.

Inflated Tokens

• The supply of such tokens is strictly controlled by the team or VCs, resulting in manipulated valuations. Based on the above three types, crypto researcher ardizor took stock of 8 coins that are destined to “fail”.

PANews Note: This article is intended to provide market information and does not constitute investment advice, DYOR.

• XMRYou all probably know about Monero’s anonymity and privacy of transactions.

XMR is one of the oldest crypto tokens. However, the price of XMR has not changed much since 2022, and it may be banned in the future like Tornado Cash.

The most important thing is that Binance delisted it this year, which may be the "last straw that breaks the camel's back".

Short-term overvaluation, bleak prospects, and high risks.

FLOW

Flow is a proof-of-stake blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more.

Unfortunately, market interest in the project has faded, causing its value to decline.

This is due to continued selling pressure from VCs and reduced hype surrounding NFTs.

XRP

XRP is designed for fast and low-cost global transactions. However, this is an unnecessary fork of BTC and the valuation is too high.

XRP has a fanatical following, but its developer, Charles Hoskinson, is also very eccentric, and the author thinks he has "schizophrenia."

AXS

The ones listed here are not only applicable to Axie Infinity, but also other veteran P2E tokens such as SAND and MANA.

The market excitement about it has faded and the FDV is quite high.

The hype surrounding these coins has died down and there is no hope of price recovery.

DYDX

The key challenge of DYDX is the token unlocking.

These unlocking mechanisms were designed to stabilize selling pressure, but resulted in continued price declines.

Many projects are facing this problem, so it is crucial to review the unlocking schedule if the project wants to survive.

WLD

WLD est essentiellement un jeton fictif dont l'offre est étroitement gérée par des acteurs majeurs et des initiés qui se débarrassent toujours du jeton. Les chances de gagner ne sont pas du côté des investisseurs particuliers.

BCH

Bitcoin Cash (BCH) est un fork de BTC conçu pour augmenter la taille des blocs et traiter davantage de transactions simultanément.

Cependant, BCH est essentiellement similaire à Bitcoin sans changements majeurs. En gros, ce n'est qu'un faux Bitcoin. Pourquoi avez-vous besoin de faux Bitcoins ? Je dois voir un gars vraiment intelligent le sauvegarder. XRP n'est pas la pire pièce, mais ETH ou BTC sont meilleurs.

ADA

ADA est similaire à XRP mais sans aucun problème de litige.

ADA a une communauté folle qui conservera son jeton même si le prix tombe à 0,0000001 $.

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