10 Cryptos to Avoid in 2024 – How Much Would You Have Today If You Invested $10,000 in XRP 6 Years Ago?

A lot of analysts and crypto media outlets share “best cryptos to buy now” content on a daily basis. But what about cryptos you should actually avoid?

If you had invested $10,000 in XRP (CRYPTO:XRP) six years ago, your investment would be worth around $10,000 today. This stark revelation was shared by a crypto analyst with over 500k followers on Twitter, who went on to compile a list of 10 altcoins that investors should steer clear of right now.

The analyst, who goes by the handle "cyclop," shared his thoughts on XRP in a recent tweet.

2/➮ @Ripple | $XRP

$XRP is designed for fast and cheap international money transfers

But in essence, it is an unnecessary fork of $BTC with overly inflated valuation

Not the worst coin, but $ETH or $BTC will always be better

Same for ADA:https://t.co/bTMETaXDgC pic.twitter.com/3BiCrWBcqc

— cyclop (@cyclop_crypto) January 20, 2024

According to cyclop, XRP is designed for fast and cheap international money transfers. However, he believes that the coin is essentially an unnecessary fork of Bitcoin (CRYPTO:BTC) with an overly inflated valuation. While XRP may not be the worst coin out there, cyclop feels that both ETH and BTC are superior options. The same sentiment applies to Cardano (CRYPTO:ADA).

cyclop's full list of 10 cryptocurrencies to avoid in 2024 includes:

Worldcoin ($WLD)

Chainlink ($LINK)

Ethereum Classic ($ETC)

Bitcoin Cash ($BCH)

Monero ($XMR)

Axie Infinity ($AXS)

dYdX ($DYDX)

$STRK and $ZKS

New projects that launch with high FDV but lack utility and community support

It's important to note that this is just one analyst's opinion and should not be taken as financial advice. Always do your own research before making any investment decisions.