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3 Altcoins That You Should Avoid Investing in 2019

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If you are interested in investing in cryptocurrencies, chances are that you are trying to find a coin with the biggest chance to succeed and go big. While searching for a good investment like this is a decent strategy, it is also important to do your research and discover which altcoins to stay away from.

Skeptics are known for saying that all cryptocurrencies will fail within a few years. While it certainly cannot be expected that every single altcoin will survive, it will likely take more than several years to kill them off. Even so, for those that are careful enough and know how to pay attention to detail, there are indicators that might tell you which coins will likely disappear quite soon.

Because of this, we have come up with 3 altcoins that are most likely to fail soon, possibly even before 2020. While the final decision is yours, most people agree that investing in these coins is a bad idea.

1. Verge (XVG)

Verge is the coin that has experienced huge losses quite recently. Only half a year ago, the coin was praised as one that might bridge the gap between crypto industry and some online businesses. It even got partnered up with Pornhub, which is one of the top websites in the adult entertainment industry.

However, soon after that, Verge started losing value. Now, it dropped on the list, and it currently holds the rank of 48 on CoinMarketCap’s list of largest cryptos. Most experts agree that XVG has failed for a few reasons. The biggest one is likely the fact that it was overhyped. After partnering up with Pornhub, many believed that large firms such as Amazon are next. Unfortunately, by becoming “porn coin”, not a lot of others wanted to join up with XVG.

The fact that it is a privacy coin did not help either, and Verge is almost completely forgotten these days. While it undoubtedly has its community to rely on, experts agree that it will probably never reach $1 again. Instead, it will only continue to lose price, and sink lower on the list, until it loses all support and disappears.

2. Tether (USDT)

Tether is a well-known stablecoin that has been a topic of many discussions within the last few months. While it is still among the top 10 cryptos, holding the rank of 8th largest coin by market cap, many believe that this will not last forever and that USDT will soon disappear.

Tether is still the most famous stablecoin, but it was simply a center of controversies too many times for people to still genuinely believe in it. As a stablecoin, each of its coins is backed by a single $1, which is why its price should always be $1, without any high volatility. So, what is the problem?

The problem is that the company that is issuing USDT needs to prove that it can actually back all of its coins. Tether currently has 1.7 billion coins in circulation, which means that the company needs to have the same amount of money backing the coin. So far, they failed to provide evidence that this is true, and the coin started experiencing significant volatility. Suddenly, nobody wanted to own USDT anymore, in fear that their coins are worthless.

People started returning the coins and exchanging them for other digital currencies, and Tether still did nothing to defend its coin. In fact, it actively avoided doing so for years. For a lot of people, this was confirmation that they cannot confirm its worth, and Tether lost a lot of its support, holders, and its value never actually returned to $1. Soon enough, investors turned to other stablecoins that are doing things “by the book”, and that can prove their worth, which is why Tether will likely fade away in time.

3. Dogecoin (DOGE)

Finally, there is DOGE, which is quite a popular coin, despite the fact that it is constantly losing value. Its story is known to a lot of people already — it started off as a joke several years ago, and it outlived all expectations by still being around today, especially since its creator, Jackson Palmer, decided to distance himself from the project.

Dogecoin is actually not surrounded by controversy, bad decisions, or secrets that can destroy it. It is simply losing value due to the fact that it has no total supply. In other words, it can be mined infinitely, and the more you mine it, the more coins get into circulation, and the more its value drops.

Over the years, DOGE became a tipping currency, meaning that it is being used for leaving tips instead of likes, upvotes, retweets, and alike. It is a coin that can be used for showing appreciation, which is why it is popular among content creators on social networks. Not only that, but the only reason why the coin survived for so long is one of the strongest crypto communities in the space. Not only is the coins still around, but it managed to hold on to the rank of 25, despite the fact that its price is only a fraction of a cent.

While this is impressive by itself, most people agree that DOGE cannot survive like that forever and that it will likely disappear in a few more years. While many will be sad to see it go, such a faith is likely inevitable for everyone’s favorite dog meme coin.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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