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

[X-ray]

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.

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.

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[Republikcoin.com]

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?

[darkangel11]

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.

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.

[poornamelessme]

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.

[rdewilde]

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 .

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.

[tenakha]

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 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.

[SamboNZ]

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.

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.

[magneto]

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.

[ashmodeus]

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 ?

[rodel caling]

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

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.

[ecnalubma]

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.

[jcarlo]

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 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

[EastSound]

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 ?

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.

[magicrypto]

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 .

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.

[jostorres]

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 .

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.

[duuuuude]

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.

[JC btc]

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 .

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.

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. 

[Xardasim]

There's truth in his thought, but it's hard to prove.

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 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.

[huige007]

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?

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.

[timmmers]

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.