The newest discussion in the crypto space came from the Bitcoin Maxi Explains maximalist Fred Kruger, who made a severe claim about the top 19 currencies being released from the list of most preferred coins. He pointed out that Bitcoin (BTC) still has the upper hand and is the best choice for traders and investors. Besides he also underlined the problems with the top 19 alternative cryptocurrencies, which are Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Why Is BTC Superior To Top Altcoins
Underlining Ethereum, Krueger’s first step was drawing the issue of its humongous drop of 0.12 ETH/BTC in 2019 to the surface. He added that the decline in Ethereum over the BTC time frame is the catalyst for its current level of 0.068. Boy also mentioned that Consensy still has a legal case with the SEC about Ethereum.
Along with that, he also addressed the worries regarding centralization, for which ETH is blamed. Some stablecoins like USD Coin (USDC) and Tether (USDT) were criticised and smirked. In Krueger’s view, there is no place for USDT to expand its size, and the offered rates don’t look attractive enough, even in optimistic scenarios. Further, he said that the USD Coin (USDC) was first debugged and lasted for two years and that AUM has been going down for USDC.
Even though Solana (SOL) recently made a comeback, the researcher stressed. The digital currency has lost approximately 40% of its value in Bitcoin Maxi Explains terms since 2022. Also, according to the boos of the XRP elite, the Ripple cryptocurrency stays afloat. With this group dominating the market, it has “no real function.” On the contrary, Dogecoin (DOGE) is compared to a joke because it has no excellent/wrong sides, and only very few people use it.
In the meantime, the Shiba Inu (SHIB) is reportedly a rip-off of Dogecoin. The other ones that drew the ire of the public included Avalanche (AVAX), Toncoin (TON), and Cardano (ADA). A “Telegram coin” with a lesser users b
as well as issues rooted in the direction of regulations, TON is put on the scrap heap.
Bitcoin Maxi Takes Aim At ADA NEAR & Others
Moreover, Krueger accuses Cardano’s founder, Charles Hoskinson, of being. Overly protective of ADA and denigrates it as a “useless PhD coin” about the future David threatens to build. Further, AVAX is viewed as an unimportant byproduct and is not highly functional. As if that wasn’t enough, Krueger added Tron (TRX), Polkadot (DOT), and Chainlink (LINK) to the list of “jokes”. LINK’s capability to function in the network is also a theoretical debate. Besides, the actuality of its value is strongly connected. To Polkadot’s founder’s credibility, TRX is named a fraudulent network with a widely used application of Tether. A few BCH participants have also been assigned to it.
However, some argue that one of the main problems. Of these two is their complexity, low user base, and insufficient data. Near Protocol (NEAR) and Polygon (MATIC) circles (trans) are also referred to. To add, Litecoin (LTC) is labelled as a rip-off other than the reasons of Krueger. Who says that Litecoin is not limping only because of its first development phase. The top market value of PEPE, a meme coin with a frog theme, has also become the subject of scorn.
FurthermoreMrr. KrMrer went on to say that these other cryptocurrencies being these other cryptocurrencies essentially represent “truly jokes” regarding their combined value standing of $500 billion, which is only a third of the $1.3 trillion figure that Bitcoin’s valuation takes pride in. He points out his words about the establishment he has embarked on, namely that Bitcoin Maxi Explains is the only green investment.
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