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

[zhengqi]

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.

[kro55]

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 .

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.

[Emitdama]

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 .

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.

[Pearls Before Swine]

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.

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.

[Christinebeauty]

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.

[STT]

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.

as those coin has no use to solve any real life problem

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.

[Karto]

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

[samcrypto]

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.

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.