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

[BlackFor3st]

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 .

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.

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[shinratensei_]

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.

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.  

[huu78]

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.

[lobat999]

~snip~

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.  

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.

[Aabcde]

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.

[clickerz]

Xrp(ripple) really brings so much convenience in life like very trusted and popular so the developer or team behind this can do develop or say anything then we can trust that but i don't believe that 99% of alts can turn 0 so i think that's wrong then many alts really have different worth here example dogecoin that have very active team also that's why this grow because this are useful and helpful

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.

[inanilujimi]

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.

[Ferris419]

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%!

[karanggatak]

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.

[Vishnu.Reang]

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.

[lighpulsar07]

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.

[topbitcoin]

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.

[princesspoppy]

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.

[maxreish]

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.

[trauchot]

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.

[lobat999]

why xrp can survive?

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!

[StephenJH]

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.

[Apes]

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.

[albrots]

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.

[cichaescut]

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.