Do Not Buy These 20 Crypto Coins

Do Not Buy These 20 Crypto Coins

do not buy these 20 different crypto
coins Forbes just published a list of 20
different blockchains just trashing them
basically calling them zombie coins and
all the rest of it they say these 20
blockchains command a total market value
of more than a 100 billion dollars
despite the fact that they are unproven
and have little utility other than for
speculative crypto trading most have
treasuries brimming with Millions but
they answer to neither shareholders nor
Regulators whoa Forbes chill out chill
out now I want to go through this list
of 20 coins with you give my hot takes
on all of these coins as we go through
and let’s just start off with the juice
xrp they say it’s payments platforms
that has yet to challenge Swift now
threatened by stable coins and I would
agree look xrp has been around for a
long time if one day xrp really does
take off and starts processing like tens
of trillions of dollars annually in
volume then yeah very exciting and they
will start the burn mechanism will
actually do something relevant at that
point but but the Ripple Company still
owns a gargantuan sum of xrp that
they’ll probably sell directly to all
these Banks and stuff like that so the
use case when xrp came out was super
solid and it was actually a great use
case now in 2024 I don’t feel that use
case is very strong anymore stable coins
are indeed a big threat things like
chain link ccip are a big threat bricks
bricks bringing out their own stable
coin and blockchain payments and stuff
like that which is all planned and me in
the
works xrp needs to step the game up okay
next one cardano oh ethereum competitor
launched in 2017 by crypto Pioneer with
cult like following that’s Forbes
comments I think if you’re a cardono
holder how are you not a bit
disappointed in the progress I’m just
being honest again all the coins are
mentioning here I don’t care what you
guys make money on guys I want you to
make money I want you your coins to go
to the Moon if you get rich and sail off
into the sunset in the Caribbean with
the wife and the kids on the yacht okay
I want that life for you we’re just
being real I’m ging my hot takes here
cardano’s been around since 2017 and
right now the daily transactions total
value lock total number of developers
total number of apps built all that kind
of stuff salana dwarfs that okay and
salana only came into the market four
years ago think about that it had so
much more progress so much faster
Avalanche same
story all these ethereum layer 2os
coming out arbitrum look so much so much
more is happening on arbitrum than on
cardano I mean how is a cardano holder
and I made a lot of money off cardano
big fan by the way thanks Charles I
appreciate the the gains but but how are
you not be disappointed cardano’s got to
step up this cycle absolutely man next
next Bitcoin cash Forbes comments born
in 2017 after a holy war over bitcoin’s
primary function look Bitcoin cash when
it came out I said you know what fine do
the Bitcoin cash thing it’s all good if
you guys think that’s going to be the
future of Bitcoin and all that stuff
fantastic never bought Bitcoin cash
didn’t really care for it very much but
hey I got it okay it was I
think an Endeavor that made sense that
being said I wouldn’t buy Bitcoin cash
why would I buy Bitcoin cash for what
possible purpose would I go out and buy
Bitcoin Cash There’s Bitcoin and then
there’s all the knockoffs okay want a
Coca-Cola I’m not going to go and
buy I don’t know Walmart brand Cola or
whatever you might want to say as a
knockoff brand for uh Bitcoin might be
as a comparison so Bitcoin cash doesn’t
really float my boat Litecoin number
four they say Bitcoin spin-off is faster
and cheaper fewer developers but used
for purchases that’s for comments
Litecoin again one of those coins back
in the day made sense back when payments
was like the ultimate use case there
weren’t any stable coins really around
in the Market at all yeah this made
sense Litecoin came out it’s cheaper to
use than Bitcoin faster than
Bitcoin this whole narrative all it’s
the silver the Bitcoins gold whatever
it’s all Bs the Litecoin who cares and
it’s probably going to do okay enough
maybe it even gets an ETF one day which
could do okay that would be cool great
ETF for Litecoin it’s non-controversial
it’s a commodity coin it’s you know
honest money it’s got It’s got stuff
going for it okay I like to make fun of
Litecoin sometimes but it does have
things going for it it’s not all bad
right I just don’t really see a strong
use case for it given the fact you can
send stable coins over well telegram for
free now 900 million users come on
salana Tron ethereum layer tws where is
the use case the strong use case for
Litecoin these days I just don’t see it
not saying it won’t go up in this cycle
because it because everything will go up
but doesn’t really float my boat
internet computer next one Forbes
comments created in 2021 to disrupt
Amazon web services and Google Cloud
minimal usage ICP they did do some
pretty cool stuff with onchain AI
recently and that was cool I like that
that’s neat I like it let’s see if they
can actually try and snowball that into
something and now I think we’re starting
to get into some of the coins on the
Forbes list that maybe are even more
controversial inclusions and I look
internet computer’s been absolutely
Savaged the price has been Savaged from
where it came out to where it is right
now okay so let’s keep that in mind but
potential moving forward can they still
do something can they flourish I mean
they’ve got a lot of great use cases
people are excited enough about ICP and
all that kind of stuff so yeah maybe
they’ve got a good future ahead of them
right very competitive blockchain space
all that kind of stuff as usual right
but I feel like it’s such a new protocol
that it’s got potential moving forward
next uh ethereum classic for comments
original ethereum chain supported by
purist ethereum classic is total garbage
nobody uses it nobody cares about it
miners mine and dump it but that’s like
not like a thriving flourishing
ecosystem it’s like yeah miners mine it
because they know that they can dump it
on somebody for money that’s it nobody
uses ethereum classic I I know I know
there’s the one dude in the comments but
I use ethereum classic dude who are you
what are you doing what are you doing
there’s like almost nothing built on
ethereum classic almost nothing you can
do what is the point nobody cares how’s
it even still in the top 100
cryptocurrency let alone even mentioned
anywhere ever next Stellar founded by
Ripple co-creator Jed MB and competes
with xrp has large treasury I’d say
Stellar competes with not just xrp but
also with ethereum but that being said
Stellar man nobody talks about Stellar
anymore back in 2017 we talked about
Stellar a lot right it was the big
competitor xrp and all that kind of
stuff and with more utility and stuff
started being built on Stellar in like
late 2 17 early 2018 there were some
projects actually launching on Stell
there still a few projects launch on
Stellar from time to time but it’s super
nerdy the team is really sort of
reserved and reclusive they don’t really
talk they don’t really do marketing I
guess they just do B2B reach out or
whatever I I don’t know it’s not really
a coin that gets me excited in any kind
of real way tokenomics are terrible for
Stellar a huge huge quantities again in
the hands of the foundation and all that
kind of stuff and I don’t know Stellar
just feels like an old coin that doesn’t
get me very excited and maybe they come
out and they’re curing puppy sadness
tomorrow but I don’t care about Stellar
next up is Stacks Bitcoin compatible
blockchain Sports def5 benefiting from
Bitcoin Surge and imminent upgrade
Stacks I feel it’s a relatively
controversial addition to this list
because again you have to think about
not where we are but where we’re going
that’s why I’m quite harsh on like these
payment coins right because yeah
payments man we got payments all over
the place in crypto come on but
something like Stacks Bitcoin defi just
starting to take off if we’re on like an
exponential adoption curve we’re like
way down here and it’s about to go up
here so maybe Stax is very well
positioned for that takeoff in terms of
Bitcoin defi getting exciting for people
and all that kind of stuff so maybe
that’s something that’s got some
potential here again look at where it is
today to where it could go next is Caspa
I don’t know super much about Caspa we
have we’re doing a a video on this
pretty soon but it says Forbes comments
payments system like Bitcoin with little
discernable use and it’s all about use
isn’t it if people it doesn’t matter how
cool technically you think your
cryptocurrency is but like
hey the founder did this or the
technology is this or blah blah blah
who’s using it show me the show me the
money Labowski that’s all it really
matters are people using it is it
getting adopted what kind of adoption is
it getting does anyone outside of your
Niche bubble care about it that’s the
real question and that will be need to
be answered for Caspa moving forward I
know it’s could create a lot of hype and
attention I don’t have great opinion not
right now is I don’t know enough about
it but just a general comment on on
altcoins more broadly next up is Theta
forb says decentralized video streaming
network with few users now what’s
interesting with Theta is that Theta
whatever whatever however it’s
pronounced what’s interesting with this
is that they’ve been around for a while
they’ve put in the work they’ve got AI
now they’re adding on and they have
these Partnerships with like uh Sony and
Samsung and they have all these crazy
patents and stuff like this that could
really see them take off
so it can take a while for the right
Market fit to develop I’m saying you
know they had Theta had a great idea the
whole time but maybe now we’re starting
to see enough mainstream adoption of
cryptocurrency Technology where they
actually take off because the Market’s
finally ready for what they have to
offer so this is again one of those ones
where I see where it is now to where it
could go being high potential so maybe
it’s a bit tough for Forbes to be
kicking Theta in the nuts right now when
they have a lot of potential moving
forward next up is Phantom Forbes says
ethereum competitor runs several
different decentralized exchanges to
trade tokens upgrade coming Phantom it’s
an interesting one um I by the way I own
some of the cryptocurrency we’re talking
about I own phantom for example not many
of the ones that were actually on this
list but I do own some Phantom I think
that Phantom’s got great potential you
can see my full disclosures in the
description or the pin comment on X
anyway Phantom there Sonic upgrades
coming Andre cron is responsible for a
lot of major Innovations in the
cryptocurrency defi space so will the
Sonic upgrade be the game changer do
they have enough big things in store to
make a difference and layer one
blockchain competition is wildly wildly
competitive at the moment but I feel
like Phantom out of many of the ones
that I looked at does have good
potential for that reason right I think
they do have the the Mind share and the
excitement and of the community and
stuff like that that they could take off
but it’s it’s a tough SLO it’s a tough
slog because you got to get those users
enticed on chain right now you gotta
compete with bass and salana and
arbitrum and zky and Linea and SOI and
aptose
and Avalanche and everybody else only so
much money in crypto space but I do have
a speculative bet on that it was an OTC
deal so it’s not technically my
portfolio yet it’ll get released a bit
later on but I think it does have great
potential once that narrative starts
kicking in okay next one Monero I mean
Monero I think is super controversial
they say privacy Centric Bitcoin
spin-off that’s Forbes comments I think
it’s super controversial to have this on
on this list because dude it’s Monero
it’s nothing like anything else on this
list at
all there is money payments whatever in
crypto and then there’s Monero monero’s
if you start to dive into the tech of
Monero it is so
crazy it’s so good if you’re looking for
actual private money it’s Monero it’s in
a category of its own completely and to
even be included on this list makes even
question what the heck forbs is doing
putting stuff like that on this list
it’s Monero man if you don’t understand
Monero then I guess you will put it on
this list anyway whatever moving on R
weave uh the Forbes comments blockchain
for storing immutable data with
minuscule usage again usage really
where’s the money right are is it making
money can it make money rwe’s been
around for quite a while in the market
and I think really now again the demand
for the product from the markets finally
starting to happen can that be then
snowballed into massive success for
token holders time will
tell next up is algorand algorand forb
says ethereum competitor launched in
2019 still sees itself in the Uber mode
focusing on growth over Revenue alaran
ma’am I just do not think about alaran
very much and I feel like a lot of the
market doesn’t necessarily do that
either I’m not really hearing many
people talking about algorand I’m not
really hear many people build on
algorand and you know no shade but man
it’s it’s a tough space out there in the
layer one blockchain ecosystem and I
feel like alaran is not getting that
kind of love from the market maybe it
will at some point but right now it
feels kind of a bit maybe institutional
focused or a bit focused on like you
know the suits let’s say maybe that’s my
just perception of it and you guys can
of course as with any of these I’m sure
everyone’s already furiously writing
down in the comment section but feel
free to correct me on any of this stuff
and share your opinions respectfully of
course next up is Flo forb says known as
host of MBI top shots but activity
dwindled as nft swound has Ultra
strategy now this is an interesting one
because Flo I don’t know huge amounts
about flow I’ll just say generally
anything related nfts you’re kicking it
in the balls while it’s down nfts aren’t
popular right now nfts I think are
awesome Tech I think they’re the
ownership layer of the internet super
interesting super valuable technology
powerful technology even and you might
forget about that when you’re just
playing around oh a profile picture or
trying and get an next nft minutt to
flip it for more than I bought it for
okay sure but then you start to realize
about all the stuff that can be built on
nfts and all the potential for nft Tech
and I know okay flow they’re focusing on
like nft sports cards essentially stuff
like that great cool fun big use case
big use case absolutely
massive so maybe that’s something I
think has got a good amount of potential
and is an interesting one to put on this
sort of good foro blockchain list that
Forbes put out here next up is
Multiverse X eold Forbes says ethereum
Challenger built to power Med metaverse
gaming development but used mostly for
token trading so eold I actually sold my
eold bags recently
um I think I just wasn’t loving
everything that was currently built
there and not to say won’t do well part
of it was also just to try and try and
keep my portfolio somewhat a bit leaner
it just gets too crazy you look at the
money I took out of that and put into
something else a relatively you know
something in a similar market cap range
with similar potential or better
potential I think you know so there’s
that but right now just not that much
built on Multiverse X and I’m sure that
team is working on stuff I know they
have a big year ahead with lots of
different updates coming so maybe they
do have that chance to prove themselves
we shall see again layer one blockchain
space wildly competitive can you get the
developers can you get the builders can
you get the users can you get the money
it’s tough it’s tough and the the cream
is definitely rising to the top and
everybody else really struggles and it
only takes one big app to really make
your chain kick off but I think
Multiverse X hasn’t found its feet in
that regard yet it can but it hasn’t yet
next one Bitcoin SV forb says Bitcoin
spin-off of called Satoshi Vision
Champion by Nakamoto Pretender Craig
Wright Bitcoin Satoshi vision is a
burning dumpster fire of
[ __ ] I I don’t know if there’s any
other way to put it who’s buying Bitcoin
SV which what you what do you got I know
I know there’s one guy in the comment
section we like dude Craig writes
Satoshi Bitcoin SV is the real deal it’s
the big thing man what are you doing
what are you doing Bitcoin Craig’s not
Satoshi Bitcoin SVS a pile of crap why
would anybody buy this why has anybody
bought why is it why even trade there’s
so many better things to even just trade
even just from a just a pure like I
don’t care what I trade like no don’t
trade that how about that not Financial
advice uh next up Mina Mina data light
privacy protecting blockchain with low
transaction
fees I hear nobody talking about this I
don’t know very much about it I I hear
almost no one talking about
it don’t have any real opinion on it I
guess that says in itself nobody really
talks about Mina these days I I don’t
know what’s built on Mina I’m sure
there’s something over there that people
can do but I have no idea I’m not seeing
any of the Decks that I get sent on a
weekly basis no one’s building on Mina
everyone’s building on salana in base
and ethereum main chain and Bitcoin and
stuff like that nobody’s building a Mina
nobody’s talking about Mina I just what
what’s it even do besides of course the
dialight protecting low transaction fees
blah blah blah yeah everyone’s got low
transaction fees man nobody cares
anymore that was a compelling value
proposition seven years ago 10 years ago
in 2024 everyone’s got low transaction
fees man arbitrum Minea ZK syncs Scrolls
salana and on on only except you know
like ethereum and Bitcoin still kind of
suck balls when it comes to transaction
fees but they’re the old grandpa coins
so what are you gonna do next tesos
little used blockchain with massive
treasury Reserve that is yeah man it’s
so wild tesos 2017 coin right big wild
hype like yeah tasos man is gonna change
everything and
then just not that much really happens
over on tasos and I know guys I know I
know there’s like nfts and there’s some
apps and stuff to use I’m not saying
nothing’s happening on tasos I’m just
saying that nobody cares about it really
broader Market speaking it’s got its
Niche community and maybe the niche
Community is enough but in terms of like
people getting really excited about it
big things being built Big Ideas
happening over on tasos I just not see
it currently that might change very
quickly and they’re going to bring out
something big again layer one
competition between blong chains is
massive right now capital is very
mercenary and if there’s something that
mercenary Capital wants on tasos which
has not eventuated itself yet I have not
seen anything over there exciting and
maybe I’m just in the wrong circles and
people aren’t talking about it but I
haven’t really seen anything exciting
happening on tasos personally and
finally we have EOS Forbes comments
raised $4 billion in the largest Ico of
all time but now crypto post a child for
irrational exuberance so
EOS haven’t kept up with it haven’t used
it in years back when I did use it
absolute pile of [ __ ] terrible
blockchain terrible blockchain to use
what a what a what a just
utterly nonsensical blockchain and
here’s the thing block one the company
behind EOS raised $4 billion built the
blockchain dumped it on the community
said we’re [ __ ] on out of here man get
[ __ ] basically and they took their $4
billion walked away bought like 150,000
Bitcoin or something like that started a
cryptocurrency exchange and did a bunch
of other stuff and completely abandoned
EOS the
blockchain wild wild
Behavior but that’s EOS and nothing’s
really built on it nobody really uses it
I mean I know there’s like I don’t know
some games or something over there
somebody somewhere is probably using and
I know the user experience got better
over the years I just didn’t care
anymore I didn’t want to go back to EOS
and try it all out again and do the
[ __ ] that I just didn’t care anymore
and I think the market doesn’t care
anymore nobody talks about EOS nobody’s
building on EOS nobody’s doing anything
on EOS anyway these are my hot takes
this is my opinion on all those I think
Forbes talking a lot of sense for a lot
of this some things I think they’re
maybe being overly harsh on some of
these blockchains that do have some
pretty interesting potential moving
forward but hey you’ll let me know what
you think of any of my hot takes or any
of forbes’s takes down below in the com
section thanks for watching

Forbes publishes a list of 20 crypto altcoins that are failing.
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00:00 Intro
00:37 XRP
01:43 CARDANO
02:59 BITCOIN CASH
03:52 LITECOIN
05:01 ICP
05:57 ETHEREUM CLASSIC
06:32 STELLAR
07:35 STACKS
08:17 KASPA
09:04 THETA
10:05 FANTOM
11:30 MONERO
12:16 ARWEAVE
12:46 ALGORAND
13:39 FLOW
14:39 EGLD
15:54 BITCOIN SV
16:44 MINA
17:49 TEZOS
18:53 EOS

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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.