FORBES UNMASKS OVERVALUED BLOCKCHAINS! 🚨 Do We Agree? 🤔
Forbes has recently published a report that contains those blockchain without a clear purpose to exist. So basically those tokens with high valuations but limited utility. Forbes outlines the fact that they only increased on value because Bitcoin raised. Specifically this Forbes journalist (JJ) pointed his finger to: Ripple (XRP), Ethereum Classic (ETC), Tezos ($XTZ ), Algorand ($ALGO ), Monero (XMR) and Cardano ($ADA ). JJ came up with an example saying that XRP isn't big deal for banks anymore and thus is just traded for speculation. Also adding that Tezos, Algorand and Monero have low real-world action (utility) and struggling to get more users and developers.
Personally I disagree with Forbes. First of all it's not correct to compare apples with pears. Monero is a privacy coin and consequently its utility its way different from the others. Also, banks are only now approaching cryptocurrencies due to the introduction of regulatory guidelines. So saying that XRP has failed with banks is too early. At least, struggling on hiring developers depends on the amount of users that are on the platform. Why a blockchain should keep hiring developers since its user base doesn't increase?
Do You Agree With This Forbes Journalist? 🤔 Let Me Know In The Comments 👇
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