Bitcoin
BTC$42 798.37

-0.61%

Ethereum
ETH$3 288.08

-0.93%

Binance Coin
BNB$486.03

-1.28%

Tether
USDT$1.000293

-0.01%

Cardano
ADA$1.47

9.41%

USD Coin
USDC$0.999403

-0.03%

Stay far away from these 3 crypto currencies in 2019


27 Mar 2019

#Nano

Cryptocurrency investors need to go through a lot of research to be able to make informed decisions. These informed decisions then influence what type of projects, what type of blockchain technologies and what type of tokens the true investor will look into.

It's not a surprise that the riskiest coins can make the most money, but they are risky for a reason. There are numerous tales of people who were burnt by buying at the wrong times and selling at the wrong times. If you are going to be investing properly this year, then you need to know which currencies not to invest in, just as much as you need to know which ones to invest in.


The three contenders for the worst investment of 2019

While it is tricky to give any kind of pure price prediction for these three coins due to their trends being extremely erratic.

The problems with Nano and Tether (and to a certain extent with Dragonchain) is that they are coins that simply have deteriorate for far too long when a downward trend hits them. All coins will be hit with downturns, but if you cannot weather the storm, then people will not get on board with your ideas and visions which in turn leads to even more shaky performances.

So their inability to survive a bearish market and even hold onto a little stability at those is a clear indicator that user adoption has not come, despite these blockchains (Nano and Tether in particular) being in the Top 50 blockchains around the world. They should, for all intents and purposes, have much higher adoption rates that they currently do, and they should be more resistant to downward trends.

The fact that neither Nano nor Tether are resistant despite being in the Top 50 goes to show that these coins have much higher risk profiles than other coins in the Global Top 50.

There are already enough problems with cryptocurrency that you don't need the headache of choosing these coins to add to your portfolio. Rather focus on coins with better fundamentals and brighter outlooks in the medium to long-term or coins that have seen a quick uptake due to the proper positioning of the tech by the founders of the coin.

Of these three, however, Dragonchain represents the highest risk by far. It had major success last January and big gains, but then all of a sudden it fell 80% in a week and has not seen any good gains since then, no matter what has happened around it or with it.

The Dragonchain coin was conceived by Disney engineers, and as such might have unforeseen support once Disney releases its streaming competitor to Netflix and slowly starts adding to it. So it could rise in 2019 if all the stars align and Disney pulls something out of its endless bag of tricks but considering Dragonchain has just been going down despite partnering with various organizations (such as helping fight Malaria using its blockchain technology), it seems that this is one cryptocurrency you do not want to touch.

Nano, Tether, and Dragonchain might have started out as good ideas, but they are slowly showing they are any but.


Related

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 73.2% 55 $42 798.37 -0.61% 1.96% $810 244 910 076 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68% 68 $3 288.08 -0.93% 4.18% $391 908 921 176 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70.4% 52 $486.03 -1.28% 10.69% $81 070 817 335 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000293 -0.01% 0.02% $78 422 507 589 USDT 7 days price change
5 Cardano (ADA) ADA Cardano predictions 75.6% 52 $1.47 9.41% 26.14% $49 180 930 341 ADA 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999403 -0.03% -0.13% $45 444 626 250 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 65.6% 78 $143.58 -2.42% 2.15% $45 085 165 160 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 71.6% 58 $0.770542 -1.02% 2.14% $36 726 427 109 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 70% 59 $83.96 -2.70% 15.15% $30 105 929 387 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 71.6% 53 $26.64 -5.58% 6.85% $26 304 651 272 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 76.8% 46 $0.171858 -4.91% 13.62% $22 800 590 095 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 63.6% 76 $90.03 -2.50% 1.10% $21 999 747 677 AVAX 7 days price change
13 Polygon (MATIC) MATIC Polygon predictions 71.6% 54 $2.40 2.86% 13.87% $17 560 566 970 MATIC 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 70% 59 $0.000029 -3.15% 3.87% $16 190 359 531 SHIB 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94% 1 $1.000887 -0.02% -0.04% $14 460 011 930 BUSD 7 days price change

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