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Ripple CEO believe that the 99% of crypto-currency will go to zero as those coin has no use to solve any real life problem. And some coins have grown just because of hype in the market https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive .

Only bitcoin will remain, it is unlikely that XRP has a chance.

I wouldn't disagree! Because it is indeed true that majority of the altcoins don't solve any real world issues and we don't simply need them. We don't really need a separate crypto for booking movie tickets and another one to book flight tickets! All can be done through one crypto.

However, speculation is churning a big volume for majority of the alts. If by any chance, 99% of cryptos go to zero, it's hughky unlikely Ripple will survive!

I think this is just to make people panic and sold their coins in this way there will be again a loop side and people will dump their coins
this is the same strategy that will not make people make the same mistake again, like dumping , i would suggest he shold focus on their problems
in xrp community since they can't even make a solid comeback on the market, better stick to their issues

Seriously? That's an obvious observation, I don't know why a CEO should be even thinking at publicly stating that.. It has been discussed so many times in this forum, but now the CEO comes and states it publicly and boom! - he makes the news. There are thousands of cryptos out there that have grown solely based on hype and marketing techniques. A very small amount have a base value from the ecosystem created from a business model(economy).

And then there will be 99% of altcoins being born every minute, so nothing is new, as the process will go on and on, it's cyclical sad to say. And it's pretty obvious that majority of coins is just for pure pump-and-dump scheme. They're lucky if top exchanges are going to list them or if the projects behind have raised enough fund to keep the 'moolah' going for them.

Anyway the ironic part is that XRP is still way below it's all time high, - 90% down.  :)

And it's highly likely that Ripple would be one of them.
It's no surprise that something built upon a technology would soon be outdated as a more advance forms gets developed. Changes are much rapid in digital world.
First of the currencies were the pioneers and they would lead into development of much complex(and much simpler) technologies that would be able to better solve the problem or create better opportunities.

haha so basically the owner of the most centralized shitcoin is calling out other shitcoins most of which are not as bad as his centralized product :D
the funny thing is that as these 99% of the altcoins are dying, XRP will be ahead of all of them in the route to the graveyard.

I don’t know about ripple, and I’m not sure why it’s becoming one of the top ten crypto when it’s certainly not a crypto, since there is so many asset classes available, I think ripple will be well suit to the govt bond, and it didn’t solve anything too, all they do is get rekt over the price, so they want to curse my bag of shitcoins would eventually goes to zero? I would like him to put some money into this bet to see whether they got it right.

And hopefully XRP also falls into that category of crypto's that's going to zero. Unfortunately, a lot of people will get burned; so the sooner, the better, so hopefully less people will get burned, in contrast to if XRP is going to survive another half a decade.

As much as I want this, I heavily doubt it. I think there will be a very very few projects that will be ever so slightly "successful".

it is simply because when you use the term "top" you don't really mean top you mean "the biggest and most bloated market cap". and since market cap is equal to "supposedly circulating supply" * "price" any coin with fake huge supply (in this case 43.3 billion) gets to be on top no matter how low the price is.

if you check out altcoin graveyards over the past 10 years and see that the list currently contains tens of thousands of dead coins you can see what he says is not really a prediction, it is simply extrapolating the history to the future!

He is just throwing random number of 99% and trying to put his ripple within 1% of cryptocurrency that can be used in real life application. Most of the partnership ripple have till now is for on-demand liquidity (ODL) previously known as xRapid rather than for actual ripple which means ripple is not being used by any of those partners which includes big names like moneygram.

Soon there will be 100s of so called fiat backed cryptocurrency in the market, the significance of ODL will be almost none.

Also read this
source : https://u.today/ripple-backed-moneygram-ceo-on-xrp-were-able-to-settle-billions-of-usd-in-seconds-via-odl

Although that assumption sounds terrifying, I somewhat agree with it!

If we just see the initial data of all cryptocurrencies that are currently listed on Coinmarketcap (https://coinmarketcap.com/all/views/all/) which now totals to about 4,797 in all and if we take the Ripple CEO's prediction,  assuming it comes true, then we will arrive at 47.97 or rounded to 48 cryptocurrencies that could still remain in the near future which I presume would be fair enough rather than to worry of an overall crypto meltdown as predicted by crypto naysayers.

We should also take note that there are still notable crypto projects that are not yet listed in CMC so that figure above might increase a little bit. :)

I think that is what it means because centralized coins have no chance against decentralized as users prefer that. Manipulating coins like ripple and pump coins are going to go that way down if there is any thing like that to happen.

I totally disagree with that statement from ripple ceo because I want to know about what bases he give statements to all cryptocurrencies are going to be zero, there are so many coins are in crypto that can solve the reay time problems, I think he has something marketing statistics for ripple.

So does this mean that Ripple will likely go to zero too? Since 99% of cryptocurrency will go to zero then bitcoin will be the only crypto that would claim the throne. It is expected already that bitcoin will remain since most of these altcoins are shitcoins. The only altcoin that i like to be part of these cryptocurrency is the ETH since it has some future with their smart contract just like the blockchain technology.

Maybe because a lot of cryptocurrency projects(probably 95%+) is either a scam or has a useless use-case? We even have a blockchain for dentists for some crazy and bizarre reason, and what's even crazier is that it actually has "investors".

I challenge you to name the coins that you claim to solve "reay time problems".

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I didn’t know there is a supply cap for xrp, if that’s how to derive market cap, Ripple could easily change the supply cap to unlimited, and eventually overtake bitcoin to be the number one crypto in the universe.

Since the ranking didn’t brother with the price of the crypto, they would only care about the total market cap.

That’s very interesting observation, I didn’t know there exist so many coins that’s never been announced in this forum, I think they did it on some little known sites, and no one pay attention to it too, and those little known sites eventually go offline and become part of wayback machine. Btw there is massive changes following the biggest bull run in crypto history, most of the shitcoins created post 2017 get a lot of boosted unwanted attention from major financial websites, I’m not sure what’s going on, but it certainly help many shitcoins to get hype up, and even get into the mainstream news, kudos to the CEO to do a lot of paperwork and keep track of every single crypto over the Internet, it is not an easy task.

Yes and that is why Ripple is whoring it's technology to any business out there that can give it some use case.  ::)  They even bend backwards to

satisfy the needs of Banks in the hope that the Banks would use it as a inter Bank settlement payment option.  >:(  I agree with him that most Alt

coins will go to zero, but there are a couple out there that has a lot of potential and some people actually using it. (Monero/Dash for the Dark market

deals)  :-X

Yet none managed to solve any...

Well, I guess he is wrong also.
There are currently 4700+ shitcoins listed on coinmarketcap plus probably twice the number that didn't have the funding to get listed there.
So even 99% would still leave us with 100 altcoin...for what?
What can a coin do that bitcoin can't? Oh..cheap fees, we have doge! Privacy, monero! Smart contracts, there is eth...so what's the purpose for the others?
Nothing, just pump and dump schemes and scams.

Has anything changed in RL usage with 4500 coins and not only Bitcoin? Not even 0.0000001%

LE:


There are 37200+ topics in altcoin announcements  8)

I agree with the opinion he said, but I do not agree with the percentage he gave.. 1% of today's cryptocurrency will survive is a very small number.  IMO, 5%-10% is the right number.  those that survive in the market are cryptocurrencies that have a good reputation, loyal investors, are able to provide solutions, are fast, safe, low fee, consistent and have high innovation.

Honestly I got tired of this phrase " Most of the altcoins will disappear " as until not nothing like this happens and I doubt it will happen in the next year. Its true that most of the altcoins deserve to be abolish from the markets but so does maybe XRP in the vision of a lot of people so why he excludes XRP ?

One thing is for sure , Bitcoin cannot be dethroned and it will never be so forget about altcoins and start to accumulate Bitcoin instead of XRP or ADA ...which are the most hyped projects on the internet.

Ripple CEO believe that all of the crypto currencies will be dead and only one percent will survive. Which crypto currencies  will be that lucky to be included in that 1%.  It would be Ripple as per the thinking of Ripple CEO :D
I do know that there is no future of shitcoins but there is also no future of centralized coins like Ripple.

While it takes time to get rid of most altcoins, it's already slowly happening. Remember some of the hyped coins of the past few years? TenX(PAY)? Oyster Pearl(PRL)? Electroneum(ETN)? Veritaseum(VTI)? And those are just the tip of the iceberg. They're either dead already, or the reaper is already knocking on their doors. This process is going to be slow, and definitely not going to happen in a snap of a finger.

The time that people will think that most cryptos are useless and scams will come. I just really hope it comes a lot sooner.

Yeah, I agree--I read something similar from Binance's CEO I think, or it was another exchange's CEO, and the first thing I thought was that this kind of speculation is a huge conflict of interest.  You usually don't hear CEOs from industries unrelated to crypto making pronouncements about the market or their stock price.

I don't know much about Ripple except that it has a reputation as being a centralized coin and not worth buying.  And man, if a coin has its own CEO it's not one I'd want to own.  Apparently a lot of people disagree, since it's one of the top ones on coinmarketcap.

This guy is probably correct, though, and I've often assumed that 99% or more of the coins on the market today aren't going to be around in 10 years.  A lot of them get released and are abandoned shortly thereafter, probably because the developers only wanted to premine the coin for their own gain or whatever.  And then they start all over again with another shitcoin.  There's only so much money to go around as far as crypto investing goes, and the market is saturated right now--plus, considering that there aren't any real use cases for the vast majority of altcoins, they don't have much chance of holding people's interest.

He's of course right about that. We have more coins than we could ever need and new ones are being launched every month. It's always the same they change some coda and say they are going to be a better version of this or that coin. People move to the new coin and it becomes as disappointing as all other "upgrades" before it, so they move back to the old one or to something new losing money in the process.

XRP sucks as a coin and will be one of those that fail. Mr.CEO should first look at the market value of XRP and how it's been tanking for 2 years straight.

Ripple too become zero coin at the future because they have been in higher price raise above $4 and now have lower under $0.3. How come can drop more than 100% of Ripple have big platform coin and third position on coinmarket cap, we know many exchange listed Ripple coin but never increase of ripple price until right now.

Despite all the tanking it did, it still is the nr 3 coin in terms of market cap, while if we go by the total number of XRP in circulation, XRP is number 2 in terms of market cap.... not bad at all for a coin that sucks, right?

Overall, the crypto market as a whole has been tanking for two years straight if we measure coins by all time high versus the price today, which obviously also applies to Bitcoin that currently is hovering 56% below its all time high.

Most alternative coins are really just made out of the hype and the trend, there are even some coins that are being used for advertising and low key promoting some celebrities, for instance using it as a price for those fans who wants to meet their biases or vice-versa, using a celebrity's name to earn and sell coins. These instances are not speculations or not, this issue was even brought up at the local boards. Then so, after that phase of that new coin's trend, it will be eventually left out and forgotten losing its value and potential of surviving the crypto ecosystem, plus real crypto enthusiasts would know it best that they shouldn't invest money buying coins that aren't of any guarantee.

Is this really a news that everyone in the cryptoworld haven’t realized yet? I eam if you had stayed in the cryptoworld then you would have known this since as we know that they are new tokens or cryptocurrencies who are made and most of these failed to become well known or even get listed into a decent exchanger. Aside from looking over the essence of a coin, you should also look carefully if it is legit especially if you are investing in an ICO.

This is not a big surprise to know that 99% of the coins will be gone and dusted in a few years and majority of the coins are just to pump and dump and there are no value in having those coins rather than boasting that you were once the developer of a crypto during the initial phase  :P.

Even if you neglect the valuation, i think litecoin and dogecoin will survive for a long time.

What do you even mean by this  ::).

I came up with the below diagram to show different market segments of crypto. I think Ripple would sit near the Centralization side. I've tried to create a decentralized stablecoin (Bitflate). It has a constant inflation. Some feedback I got is people rather use fiat with inflation. Crypto is only for limited supply. I realize that it is possible we would end up in a world where there're fiat currencies and digital native SoV crypto. In such world, Ripple won't survive.

https://bitflate.org/assets/images/CryptoCentralizationDecentralization.png

I'm optimistic that there will be other crypto categories. I'm currently working on inflating crypto.

Based on OP's title, not all cryptocurrencies are going to be zero rather, its only about 1 percent of them that are going to survive in the long run which we could have a rough estimate of them to be more or less 100 cryptos!

Of course Ripple's CEO have stated it as a publicity stunt but I think its very much possible and he is talking of "survival of the fittest" scenario which even you and I could agree that the crypto space is littered with tons of shitcoins and all are destined to die except for some noteworthy projects that are also destined to survive in this very competitive industry. Imho.

This is the logic for two reasons. The first, today there are hundreds of thousands of currencies in this environment, if only 1% was left we would still have several options. The second reason, of these thousands of coins can be counted on the fingers the coins that have some purpose.

Including the king of scamcoins, XRP itself. The small community of oblivious fools who support XRP are slowing waking up to the facts. There's a lot of money flowing around to keep XRP relevant, especially within the news. Not specifically CT or CD, but definitely smaller useless crypto websites.

He's right, we'll either have a few big coins and a hundred thousand dead ones, or we'll have a thousand specialized cryptos, and its more likely the former.  Per Metcalfe's Law the value or effect of a network is proportional to the square of the number of users, and most apps will want to use ETH or whatever everyone else is using to stay connected. 

Like most people I see the irony of this statement being made by Ripple's big dog since it looks like their ship is done sailing and Stellar has a better odds of succeeding. 

It's true, and Ripple's XRP might be one of those cryptocurrencies that will go to zero, since it will likely get completely blitzed by Libra when Facebook releases it early next year.

There are plenty of cross-border settlement systems that don't require a centralized custodian like Ripple (and its xRapid product). I personally think that 99% of cryptos will die within a decade, and that XRP will join them in the graveyard.

You don't need to be a rocket scientist to see what's happening on the alt market. New projects emerges with no use case at all, so its just a matter of time before they've delisted by an exchange and then go to zero and die. And the only one that will going to survived in this marketplace is those tokens who have built its reputation and have a real life usage. Lol, just look at Dogecoin, use to be meme coin still standing, why because devs are active and gamblers are using it as an alternatives because of it's lowest tx fee and the speed.

So sorry, but, I think that I don't agree with his statement.
Well, yeah, there may be many cryptocurrencies that will go to zero, because of the shitcoin and many factors.
However, some top coins likely BTC and ETH will have their position and still survive in any condition event in a very dropped market.
Currently, there are also many projects that offer the real use case crypto, so that they can have greater value once their product is ready.

Considering that there are thousands of cryptos and still emerging day by day I could say that the 1% left will be plenty and I assume those are the top 100 cryptos that will remain as strong as ever and the rest will be eliminated naturally by the low volume delisting, not a dreamy number I guess.
Although it will not necessarily happening in the future so just take this statement of ripple CEO with a grain of salt. Ripple is a ll about self profit anyway.

So Ripple CEO thinks that they will be part of 1% that will remain as their concept is base on solving the real life problem? If crypto currencies will become the main currencies in the future then there is a big chance that the governments will do their best to remove those currencies that are good for nothing but 1% is very less.

If everything will be regulated, then maybe 10-20% of the currencies will remain including all the exchanges around the globe.

If ripple CEO says XRP will be included on that 99% of crypto and he can't dump his shitty pre-mined coin. XRP is a garbage platform that always says so many negativity to the crypto while it never realized if XRP is also included on that percentage of coins will go to zero in the future.

https://bitcoinist.com/ripple-labs-made-millions-dumping-xrp-in-2018/
Let those XRP armies buy all of crap pre-mined coins and make the dev become billionaires.  :D :D :D

Neither is true nor is it wrong. In fact, a lot of useless projects die but it's still a normal price that can happen and some are zero.
But many of the projects that have their innovations and benefits but do not complete real-life now still shine on the top CMC. So depending on their project and community to make the project always active and innovative.

I support your ideas on Ripple being a shitcoin and I bet it is more dirtier than Tether! :)

But I guess the crypto-community including me hasn't done enough to stop it when it was just starting way back then. I am thinking that if only the exchanges and most of crypto enthusiast hadn't embraced it in one way or another, then it is much easier to disregard it now but I'm afraid the opposite had happened.

Though I bet sooner or later, the cryptocommunity and the industry will altogether stand and become mature and will shy away on these kinds of coins mostly conceived for the love of money. Imho.

It was always like that, dev made coins just to make a profit and then left and in the end the coins were worthless. So don't be surprised if XRP's CEO can say that. But will Ripple be 99%? sounds funny if he predicts but he is also included in 99% of it lol.
I think the existence of coins or other tokens is a natural thing for the growth of the crypto world, even though this is actually a bad impact like coins that are only looking for profit. At least this will make the crypto world more mature.

Same here, 99% is too much I think since there are projects that are being utilized now. Though I agree that most projects turned out to be a scam and do not continue, still sentiments on blockchain technology are growing. Ripple for one is a good project, it is becoming popular in the remittance sector where Ripple is focusing and slowly being recognized.

they are too naive to say that 99% of altcoin will disappear and exclude xrp.
why xrp can survive?
what are the benefits of altcoin centralized to be able to survive ??
this opinion looks like someone who has bad intentions towards altcoin.

Well, he said the truth! Though it sounds harsh, but to me, it's the truth that To make profits, the investors are harming the crypto market, they keep supporting new coins without any real-life implementation! Where investing in bitcoin still the best way to make a profit in crypto! Most of the altcoins haven't any products, they lied to investors but yet people keep buying those shit to make a sudden profit! So, what he said is the truth, though to me it's not 99%, rather its 90%!

I think not all crypto will be zero. especially crypto which is in the top 20 coins. because the top 20 coins already have market capitalization, trading volume and also a large community. there's no way the coins will become zero. especially when the crypto market is bullish the coins will also experience an increase and can attract new investors to join the crypto market. although in the real world altcoin is not very useful but altcoin can be used as a profitable investment tool.

In this case I have to agree with him. 99% looks good enough for me. Considering the fact that we have around 10,000 different coins and tokens right now, my own optimistic estimate would be around 100 of them surviving in the long term. But I am afraid that Ripple is not going to be one of them. A centralized and heavily manipulated currency such as XRP has hardly any potential for the future.

Well i agree with that 99 percent of altcoin will have no value in future since most of them are made for pump and dump making it the coin useless only the hype makes the coin survive but it depends on how the market will move and if the hype is over the holder will sell it eventually and no more potential investors to buy their coin.

Maybe i will say yes, but depends on how many percent. Because a lot of altcoins, not only new projects but we can see a lot of old altcoins already dead, not listed in everywhere and only many which still survived in market. Although there are a lot of tokens minted every new project come, if can't listed in exchange it can be dead coin too. So only in matter of time, maybe only a few altcoin left in market.

Well, let's say that most of the coins/tokens released in the markets fail like it doesn't even exist. As for this CEO of an altcoin to release such kind of statement, I'm starting to doubt this XRP coin which happens to be an altcoin that also comes in the market. Yes, it stays but until when? If he thinks this way (although he has a point) still there are also chances that his coin can also be one of these 99% cryptocurrencies to leave the market, may not be now but soon.

How can a CEO of it's own coin said that? His statement was a proof that even their coin XRP seems being useless in the future. If 99% will fail and going to zero, what's the sense of making them in the first place? Though Bitcoin is still strong together with some altcoins like eth, but how about those altcoins that are left behind and doesn't have use at all in crypto? They probably going to zero value.

Quite right, this process has already begun long time ago and will constantly work, because how many altcoins have ceased to exist and this is only the beginning, so in the future more altcoins will die, because most altcoins were created without a good product and technologies.

Ironically, as per information from that article, Ripple's CEO didn't categorically state that XRP will survive the crypto onslaught as forecasted by him which suggest the idea that they aren't really sure and confident enough to assert that Ripple will remain standing once the crypto purge started!

Sounds quite alarming! :)

Although the centralized cryptocurrencies have more possibility to hit the zero price, it is very ironic to see this kind of statement from the RIPple CEO. The lack of working product and the useless team have destroyed the crypto ecosystem and harmful toxic spread among the promising projects, unfortunately. There is no chance to see the XRP in the top 50 altcoins list on CMC if they don't adopt the decentralized system.

Well Sounds ironic and hurt, Without any argument, I agree with his statement. Without the use case in the real world it seems cryptocurrencies dying. Only gambling All this time has been able to make cryptocurrencies survive. And because most altcoin projects are stalled not really in accordance with the ecosystem, making the price fall and can't get up again.

Already many altcoins have become zero and have experienced a price drop of around 90-100%. Altcoin without development and is only used for speculation alone will not be able to survive. All altcoin has the risk of reaching zero price and is no longer valuable. Maybe only Bitcoin and ETH will be very valuable.

I hope that XRP will go to zero because centralised coins have nothing to do with crypto. But unfortunately, this guy is right, only a small percentage of crypto currencies have a real use case and are based on something that generates profit.

Even the hardfork of certain coin amounts thousands if accumulated. The statement might be true but its still too early for that conclusion. If we are talking about the fact that majority of coin will lose its value its like stating the obvious because even majority of stocks fails and turn to useless paper anyway.
What can make crypto keep its value for long or even raise it high is the mass adoption and that is the only way.

sounds like very ironic. but on the one hand, Garlinghouse is quite correct. that currently so many projects are appearing, which seem to provide solutions to solve customer problems, but in the end, it all ends with no benefits and prices.
I am pretty sure he said that 99% of crypto will lead to zero, except 1%. well, that 1% could mean including XRP in it or whether Garlinghouse began to lack confidence in the current state of the market. Who knows? ::)

I always like to compare and that is why IMO XRP sucks so much. BTC has been in a bear market but we can see signs of reversal. It peaked at 20k USD fell below 4k and is now holding around 9k.
XRP at the same time peaked at 2.3 USD, dropped to 0.23and is now at 0.25 so when BTC is at 56% XRP is not even at 15 and isn't showing signs of reversal because dropping by over 90% and then bouncing back above 90 is not a reversal in my eyes. It's like when XRP could go back up with BTC there were rumors of Libra and it tanked again.

99% is an overestimation in my opinion. One could argue only 1% of crypto will eventually have a real world use, but as we have seen, speculation tends to be the main aspect of crypto. And I don't think that will change anytime soon. So although many coins may die, I think this conversation will go on for a while yet ... years from now there may be less coins, but I don't think as many will go to zero as some think.

In as much as he said the truth but I don't believe that number will really amount to 99%. Yes many coins are just useless, while a majority are just a copy of other as well as based on hype but there are still many coins out there trying their best to remain relevant in this space. All I have to say is, with time many projects or coins will die off maybe 80-85% but not 99% while those with real world uses will continue to gain limelight.

I absolutely agree with him. Today's market is established on HYIP. IEOs offered in big exchanges, the value that any coin gains from listing in the big exchange is not its real value. There are valuable projects that can be useful that are below their value, and the majority do not even know its name because it does not generate any profit. The main usefulness of today's cryptocurrency market is to provide a profits.

Even with coins that has usecase could still go to zero, too many tokens/altcoins doing the same thing with not even providing something new. People are in it for the money, the coins that do not generate any hype or marketing will go zero because people would ignore it and go for the one that genereates noise.

Very possible. Especially with the cooldown in the ICO market.

We're already seeing many projects from the previous eras of ICO pumps die down significantly to a fraction of their values. And there is generally a lack of on chain activity to the majority of these projects already.

Just think in ten years time what would happen to these already dead chains. This is not a bold claim.

of course i aggree about it, but,i wonder , how about Ripple it self ?
did Ripple will survive as the time goes ?
i dunno what the point behind that statement, since they(Ripple) seems achieved nothing so far.
"That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers"
what ripple do right now about this cases btw ?

exactly had a biggest point that is only an strategy to get up xrp in the market cap, haha sonetime listening news article are not advisable lol😄😄😄 imagine he is the owner of xrp listing altcoins from the top 10 then he make an statement against altcoins. I can't see what is the main reason for that statement they scared people to stop buying some potential altcoins or what? To dump altcoins price and xrp stand strong because of that blaming statement.

His predictions might be true, but I think thats too much confidence from Ripple CEO. Hype and speculation are the  reasons why most coins are still alive even without real products and use cases, I think they should start developing something new to survive before judgement day.

I agree that not all crypto will be able to survive because only a few can produce good products and can be adopted in the business world. A project should produce a product and be able to generate revenue for its operations and profit, but in my opinion many projects are seen only as pump and dump projects

They want scare off bag holders of other coins in the market and would want to have them buying the XRP instead of holding those coins besides them. Terrible idea since it would just create more hate for XRP.

And he is right, but it needs a lot of time to filter all that garbage from the market. It very similar with dotcom situation, thousands of them just gone and we can see only giants who solve actual problems of the people, they are: Amazon, Google etc.

And this is coming from the CEO of a company that thinks he is exempted from them, ripple should better not keep hopes alive too much, but ripple is not different from those coins too that has no real use case as they themselves has been living on hype and living on manipulation of volume. I don’t believe in the real use case of ripple as they claim, because I don’t see many people use it.

If people are really using ripple as much as they claim, I am sure that they would not have even had the time and chance to even be making statement everywhere because all hands will be on desk as a result of too many clients that need to be satisfied. The only projects that I trust to stand in the future as cryptocurrency is still the main two coins that we have.

But what else can the director of XRP say. That's right, almost all altcoins have no good reason to screw cryptocurrency to their products. Even if alts do not disappear how do you think cryptocurrencies will change in the future? It seems to me that large companies will simply crush this sphere under themselves.

They are manipulating and underestimating each other so they can gain popularity and they can manipulate the mind of people, such a bad mode, exempting their selves and thinking they are superior over other project. But, at some point, I agree that most of the altcoins price will be at ground and will become at zero. So, better before that happened let's check on which coin we should hold long term. 

There's truth in his thought, but it's hard to prove.
I don't agree with the view that just Ethereum and Bitcoin remain valuable. Look at Aliexpress, they created their own coin and accepts it for payment. Or look at Binance, only BNB is accepted in IEOs. As long as these things continue, even if there is no interest in others, they will be compulsory.

He is being a way too negative here. I do agree with you about the present situation of projects. Indeed the market has more scams than ever but still the percentage is not this high. It is somewhere around eighty percent. These scams are not difficult to avoid if investors support the old ones. I am not sure if his one percent included his own coin but bitcoin is definitely in that one percent. He should be a bit more confident in future of digital coins.

It depends on the point of view. If you calculate into this prediction all coins that exist then it could be true. But I am sure that atleast 50% of all top 100 coins will survive because the bear market already selected the best coins. I know that new and interesting coins will always come but coins in top 100 have much bigger bundle of money for development.

Almost every coin will have buyers. It can't be that all the coins just go away. Some coins are already disappearing and new ones are coming in their place. And this cycle will continue as long as new coins will not cease to appear.

Can't agree more. Today we are having a TSUNAMI of cryptocurrencies and majority don't have any solid background and they will surely cease to exists in coming days. We as an investor need to be careful from crypto projects that don't have any real use case.

That's the truth. I don't even have the time for all these altcoins any longer because they are mainly fake. I know for sure that they are not going to be worth anything later on. This time around I only focus on bitcoin and Ethereum and LTC (I don't invest much in ETH and LTC, about 30% or less goes for the two and the remaining for BTC).

I might even stop investing in LTC soon, I no longer want to stress myself with all these altcoins because I hardly gain anything from them, more than 90% of what I have achieved in the cryptocurrency community is from Bitcoin and I want to put more focus on it.

Glad you said it because I would have if you hadn't.  That's one of the reasons why I won't invest in ico projects, because they all are trying to tokenize solutions to problems where it just doesn't make any sense, and the same thing is true for most new altcoins.  A lot of them try to be 'specialty' coins to be used in certain industries, but there's no need for that.  Remember RBIES?  Reddcoin?  Sexcoin?  All of them are unnecessary for what their stated purposes are.

Ripple's ceo is probably right, because 99% of coins on the market right now serve no real purpose and most of them don't have significant communities supporting them.  A lot of them are even dead already, with no blocks being mined and no trading going on.  That's where most of them are headed in my opinion.

In as much as I dont entirely agreed with him, I think he still has a point there. Majority of the coins  are just surviving on hypes and hiding behind the pumps of Bitcoin. They virtually have nothing to offer the crypto space.

They have plenty to offer because they have cloned good code that has been proven to work.   However some blockchains lack security because the hashing power is available to misdirect their blockchain, some have ways to avoid this but ultimately many of these solutions should have amalgamated.    Thats how it would have worked in a normal market, different chains should merge to concentrate a purpose and a user base.

They all have some solution to a problem which isnt going away, which is the failure of FIAT paper to maintain value correctly in a modern environment with infinite production of money and political control of markets.    There is only one real purpose to crypto which is to re-establish the origins of capitalism, the means of production and value should always lie in the majority with the people.   At present every country with a central bank has a different system which is not quite capitalism as the value is determined from the top down, not the people.

1% ? nah.. there will be much more.. maybe 5 to 10 %
but ye thereis a 99% that XRP will not survive  ::)

The hype with shitcoins are high at first but slowly fading away if the developer already made a big profit. There’s a hate on XRP coin but i think this coin is here to stay and its CEO has a point on saying this one. We have to carefully invest are money and not fall on a shitcoins so we wont lose money, shitcoins will gone if the bull started to heat up.