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Bitcoin Maxi Explains Why BTC Beats ETH, SOL, XRP, Etc.

A well-known Bitcoin Maxi Explains named Fred Krueger recently released a statement severely criticizing the top 19 cryptocurrencies. He explained why Bitcoin (BTC) is still the best option for traders and investors. Along with that, he brought attention to the problems with the top nineteen alternative cryptocurrencies, such as Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).

Why Is BTC Superior To Top Altcoins?

Why Is BTC Superior To Top Altcoins?

Starting with Ethereum, Krueger brought attention to its steep fall from its 2019 high of 0.12 ETH/BTC. He added that Ethereum’s downward trend against Bitcoin is the reason for its current standing at 0.056. The maxi also mentioned that Consensy is still embroiled in legal disputes with the SEC about Ethereum.

Furthermore, he brought attention to the centralization concerns linked to ETH. Some stablecoins, such as USD Coin (USDC) and Tether (USDT), were also criticized. According to Krueger, USDT has little room for growth and does not generate interest even at the current 5% rate. Furthermore, he mentioned that the USD Coin (USDC) was debugged a couple of years back and that AUM has been going down for USDC.

Some have called Binance Coin (BNB) a “centralized exchange coin.” With Binance encountering regulatory hurdles and its ex-CEO Changpeng Zhao (CZ) facing possible jail time, Krueger said its demise is imminent. The Solana (SOL) cryptocurrency is criticized for being a “completely centralized meme coin factory” with frequent outages.

Despite SOL’s recent recovery, Krueger pointed out that it had lost 40% of its value compared to Bitcoin since 2022. Furthermore, the proponents of Ripple’s XRP are the main drivers of the cryptocurrency, which is characterized as having “no actual use.”. In the meantime, Dogecoin (DOGE) is called a “literal joke” because it has no redeeming qualities and isn’t used much.

Meanwhile, the Shiba Inu (SHIB) cryptocurrency is said to be a ripoff of Dogecoin. Some other cryptocurrencies that came under fire included Avalanche (AVAX), Toncoin (TON), and Cardano (ADA). A “Telegram coin” with few users and regulatory issues, TON is written off.

Bitcoin Maxi Takes Aim At ADA, NEAR & Others

Bitcoin Maxi Takes Aim At ADA, NEAR & Others

Furthermore, Krueger implies that Charles Hoskinson, founder of Cardano, is behind ADA, calling it a “useless PhD coin” and claiming that he is pessimistic about Bitcoin’s future. Also, AVAX is not used enough and is considered useless. Krueger did not spare Tron (TRX), Polkadot (DOT), and Chainlink (LINK).Another point is that LINK’s viability is debatable, DOT’s worth depends on its co-founder’s credibility, and TRX is referred to as a “scammy network” mainly used for Tether transactions. Some have called Bitcoin Cash (BCH) a “useless fork of Bitcoin.”

However, critics point to the complexity, lack of users, and poor performance of Near Protocol (NEAR) and Polygon (MATIC). Also, Litecoin (LTC) is considered worthless, but Krueger maintains its existence because of its early development. The high market valuation of PEPE, a meme coin with a frog theme, is also a source of ridicule.

Furthermore, Krueger concluded that these other cryptocurrencies are “truly jokes” because of their combined market capitalization of $500 billion, far lower than Bitcoin’s valuation of $1.3 trillion. His words demonstrate how seriously he takes the idea that Bitcoin is the sole promising cryptocurrency investment option.

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