Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Is New Alt Season Coming for XRP, Litecoin, Stellar and Bitcoin Forks? Messari CEO Questions Future of Top Crypto Assets

by Daily Hodl Staff
October 8, 2020
in Altcoins, Ripple and XRP
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Is there a new alt season coming for the cryptocurrencies XRP, Litecoin (LTC), Stellar (XLM), and the Bitcoin forks like Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV)? Probably not, says Messari chief executive officer Ryan Selkis.

In Messari’s latest newsletter, Selkis notes that Bitcoin’s dominance among “bona fide, wanna be, store-of-value/p2p payment cryptocurrencies” – not including smart contract platform tokens, DeFi tokens, stablecoins, and other alternative blockchain projects – has risen from below 60% in early January 2018 to nearly 90% today.

The Messari executive questions why such currencies still exist and still manage to have market caps in the billions of dollars.

“Why won’t these things die? The answer may be that they are ‘only mostly dead.’ Crypto assets don’t go bankrupt, so the also-rans have a tendency to just sort of fade into the abyss over time vs. implode spectacularly. Remember Peercoin, Namecoin, and Primecoin in the late 2013 bull run?

We’ve had similar washouts in the past market cycle as well. Useless forks like Bitcoin Gold and Bitcoin Diamond are effectively dead. Other also-ran currencies like XRP, Stellar, and BCH are down 90% and fared 3-4x worse than Bitcoin in the downdraft.”

Selkis warns investors to avoid “this cycle’s Primecoin.”

“Perhaps altcoin holders are waiting for that dominance trend line to break, and speculating on the return of alt season. I’m skeptical and put an equal probability that there is a continued slow and inevitable decline of the monetary assets without any real differentiating features.” 



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Wit Olszewski

Submit a Press Release

Crypto Livewire – Press Releases

  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
  • What’s the Role of Bots in Crypto Trading?
    December 3, 2020
Submit a Guest Post
Bitcoin
$36,655.00
$36,655.00
4.38%
Ethereum
$1,184.56
$1,184.56
3.53%
XRP
$0.281575
$0.281575
3.18%
Litecoin
$143.40
$143.40
4.05%
Bitcoin Cash
$488.99
$488.99
4.25%

Spotlight

  • Popular Trader Says Three ‘Sleeping Giant’ Crypto Assets Set To Erupt in February
    January 12, 2021
  • Incoming SEC Chief: Fate of XRP Could Have Wider Impact on Crypto Industry
    January 15, 2021
  • Macro Guru Raoul Pal Says Coinbase IPO Will Suck Institutional Liquidity From Bitcoin
    January 9, 2021
  • Top Crypto Lawyer Says New SEC Chief Will Boost Bitcoin – But XRP Is Another Story
    January 13, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.