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July 1, 2022
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Five leading cryptocurrencies are overestimated – expert suggests Blocksats

Blockfyre co-founder suggested that as many as five of the top ten cryptocurrencies in terms of market capitalization do not deserve to be at the top of the CoinMarketCap ranking. However, it has its types of projects that should be there.

Top cryptocurrencies don’t deserve their positions

Simon Dedic, co-founder of Blockfyre, clearly suggests that as many as five of the top ten cryptocurrencies by market capitalization do not deserve their high positions on CoinMarketCap. IN tweet from On June 21, he wrote that XRP, Bitcoin Cash, Bitcoin Satoshi Vision, Litecoin and EOS should fall from the top of the ranking.

Why does he think so? First of all, as Max Keizer said earlier, he thinks “there’s no need” building “Better Bitcoin.”

Dedic also adds that EOS (EOS) is unnecessary on the market as the centralized version of Ethereum (ETH). In his opinion, the project is also overestimated.

In turn, praising the adoption achieved by Ripple (XRP), he also believes that the centralized nature of the project is contrary to the purpose of cryptocurrencies. Probably in his vision XRP could operate on the market, but it is a mistake to put him in line with BTC.

What projects deserve TOP 10?

Dedic claims that other projects should be included in TOP 10. As an example, he gave VeChain, which is a market leader in the actual use of blockchain in the supply chain.

It also distinguishes Chainlink:

“[Społeczność] Chainlink does an excellent job (…). “

He is also intrigued by Ethereum itself, but this project is already in TOP 10. Dedic adds that Tezos is also a promising infrastructure project. In particular, he considers that“Governance structure” it is better designed than ETH.

Recently, BSV has also been attacked by the famous Max Keiser. He believes that altcoin is actually artificially pumped up by one investor (it is unclear who it was). Earlier he also said that “There is no coin that could do something that Bitcoin does not yet or will not be able to do soon.”

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