Day by day it's value is dropping, should I get rid of them or hold them for long term? Is there any bright future as I don't see any purpose this coin is going to serve!!!
Don't cut loss immediately specially if you don't need your money from it. If you can bear to cut your loss from your investment then I think it would be much better to just hold it, some coins tend to take time in order to grow value and holding is proven to be a very good choice among other investors since a lot of them learned they lesson from panic selling.