Ripple CEO: As many as 99% of all cryptocurrencies will likely go to zero,

[Chrystora123]

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 .

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.

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[boltz]

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.

[BitcoinsGreat]

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 .

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
I do know that there is no future of shitcoins but there is also no future of centralized coins like Ripple.

[mk4]

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.

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.

[The Sceptical Chymist]

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.

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.

[darkangel11]

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.

[cutesgirl]

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 .

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.

[BitHodler]

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.

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.

[panganib999]

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 .

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.

[Memminger]

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 .

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.

[SaShiRaJaVu]

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.

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  .

even this time if another huge bull run happend because of acceptable of etf . i think eth and xrp and ltc or top 10 coins will not follow rise of prices bitcoin like past chart

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

i think market of altcoins was bad in history of bitcoin

What do you even mean by this  .

[dnprock]

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.



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

[lobat999]

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.

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.

[mdgabrielzim]

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.

[tk808]

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 .

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.

[DegenData]

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. 

[DarkDays]

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.

[btc_angela]

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.

[kawetsriyanto]

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.

[JeffBrad12]

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.