Remove These 5 Dead Cryptocurrencies From Your Portfolio:
Currently, we are sustaining at an all time high of Bitcoin. Since Bitcoin hit its low of $15.5k in 2022 BTC has grown massively and today it is trading at its all-time high ($75k). But Altcoins are still 80-90% down from their previous all-time high price.
Although we have not entered the ALTs season. Here are some Altcoins that may not move up in this ALTs season. And you should avoid these Altcoins from holding for this crypto bull run.
Related Article: AltCoins Are Going Down When Bitcoin Hit Its All-Time High
Why You Should Avoid Dead Coins?
However, we should invest 50-60% of our portfolio in BTC or ETH, investing in Altcoins is the best way to multiply (10-30X) your portfolio. So people invest their remaining 40-50% in Altcoins.
There are millions of cryptocurrencies in the market. But we should buy from the top 50 coins to avoid high risks.
But you could also find some dead coins in the top 50 coins list. Those may perform well in previous bull seasons but they lose their potential in this season. So you should avoid these dead coins from your portfolio to avoid non-growth or less growth.
Top 5 Dead ALT Coins:
Here are the top 5 Dead or Failed coins from the top 50 cryptocurrencies list that you should avoid for the 2025 bull run.
1. Matic (POL)
Matic is a layer 2 solution to the Ethereum scalability issue. It was developed in 2019 on its own chain Polygon to execute fast transactions.
Matic gave 11000% profit to their investors in the last bull season. Matic's grew massive in the 2021 Bull run from its all time low of $0.003 to almost $3.
Without any doubt, Matic was a great project with strong their strong backing, but it is now old because in 2024 there are many layer2 projects that work better than Matic. Although Matic has recently upgraded its chain to POL. But POL has the potential to perform massive. Max to max it can give 2-3x in this bull run or maybe nothing.
2. Shiba Inu (SHIB)
Every crypto investor is very curious about Shiba Inu's future. If you think Shib can hit $0.01 or more, it is literally impossible because the supply of Shiba Inu is extreme.
Shina Inu is a meme coin developed on the Ethereum chain and no doubt Shiba Inu gave the highest profit to their investors with a 23000000% return. But meme coins are always pump with the project hype, not based on the use case.
So Shiba Inu is now 80% down from its all time high. Because of high supply and low demand, Shib has no bright future. You can expect about 2x growth within Shib. so it is better to invest in any other strong coins except Shiba Inu.
3. XRP
XRP also gave massive returns to their investors in the 2018 bull run. And after that, XRP did not show any good movement till now. XRP grew from $0.0028 to almost $4 and now it is 70% down from the all time high price.
If you are holding XRP then you could not capture any massive growth in your portfolio. Because in today's market there are many coins in the market work better than XRP.
4. Internet Computer Protocol (ICP)
Internet computer the project fell from $750 to $7.5 today. It is a strong decentralized project that works to build your own computer on the internet on their platform.
Although it is a strong and successful project but as we mentioned the ICP has no movement till its all time high. So it is better to look into another project before Internet Computer Protocol.
5. Lite Coin (LTC)
Litecoin is another dead coin that is not moving at least a bit while the whole market is green. LTC is an old project with good backing. It also gave almost 400X return of $1 to $400 return to their investors.
But in this bull run you can not ever expect like this move in LTC. Because the use of Litecoin is less than any other faster payment coins in 2024. That is why Litecoin's movement expectation is very low in this bull run.
Conclusion
These dead coins does not mean they can not move up or down. This is just our technical analysis and an overview that the potential of these coins is very low in 2024.
These dead coins performed very well in the previous bull season and that's why they are old now. Here are many choices for investors to invest with new and more potential coins.