Hi Everyone!
I was recently asked the question "what are the most popular cryptocurrencies for investors?" This led me to take some time to investigate what assets were the most popular on our portfolio management application. After evaluating tens of thousands of portfolios, we published this brief study.
The Cryptocurrencies People are Actually Holding
I'd love for you to give it a read and let me know if you were surprised by any of the assets that were popular.
I can't wait to discuss!
I like how the study shows which top coins are hugely pumped by a small % of capital and user. This is why market cap means nothing basically. You get these oversized creations that got artificially pumped and will only be making lows for the years to come. BNB and ETH makes sense as they are the only useful coins as for now. The rest is 'will be super useful some day in the future' category and this is quite risky option to me as people tend to go tulip mode on these things for long without devs showing any real progress. Who cares they've been collecting money for 2 years and not delivering, it's the internetz and EOS is sure to come, right? They said it would.