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Half of the coins included in the Top 10 by market capitalization, should not be in this list, said co-founder of Analytics company Blockfyre Simon Dedic. Such coins he carried XRP, Bitcoin Cash, Bitcoin SV, Litecoin and EOS.
He also said that cannot wait until their place will come a more “solid candidates,” such as VeChain, Chainlink, Tezos or Cosmos.
I will get some serious hate for that, but I stand by my opinion:$XRP, $BCH, $BSV, $LTC and $EOS absolutely do NOT deserve belonging to the TOP 10 cryptocurrencies.
Actually can’t wait until they vanish and clear the way for solid candidates like $VET, $LINK, $XTZ or $ATOM.
— Simon Dedic (@scoinaldo) June 21, 2020
Responding to one user, Simon Dedic added that he also loves the token project Zilliqa.
Cointelegraph in the comments he explained his position by the fact that Bitcoin Cash, Bitcoin and Litecoin SV trying to perform the same function as bitcoin. However, the development of a Lightning Network and other solutions for scaling, he said, the need for “better bitcoin” will disappear by itself.
EOS he called the centralized version of Ethereum, adding that the results of the project after the largest in the history of the industry ICO was far from impressive.
Despite the fact that the target recognized that Ripple has made progress in disseminating their solutions, the centralized nature of XRP he believes contrary to the spirit of the cryptocurrency space. Also, the analyst reminded that the main source of income of the company are mentioned a regular sale of tokens on the market.
Speaking of VeChain and Chainlink, Dedic said the merits of the first in the development of logistics solutions on the blockchain, while the latter are supplier of credible data, the relevance of which is growing along with the development of space decentralized Finance (DeFi).
Tezos he called promising infrastructure project management system which surpasses Ethereum, and Cosmos – supplier important tools for transactions between different blockchains.
We will remind, earlier analytical Flipside Crypto startup has studied the functioning of ecosystems Tron and concluded that the suspicions in the scum-nature of the project are unfounded.
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