Post
Topic
Board Beginners & Help
Re: Crypto Portfolio Diversification
by
Saidasun
on 19/07/2021, 10:12:43 UTC
Fair point, i was assuming you focus on market cap in last few years. ADA have weekly technical update, although AFAIK it's not very transparent. BNB is only popular because it's owned by Binance. Another altcoin such as Monero still have active development with good transparancy.
My point only stands if I'm correct and it would just be speculation from both of us. ADA and BNB might be around in 5 years and might be worth something but just because a project is receiving weekly or even daily updates in the early days does not mean much that is usually what I would call the honeymoon period where the developers are really excited and they think they are going to earn a lot of money and when it comes to two years later and their coin is still worth nothing that is when they drop support and move onto the next idea.

Transparency in cryptocurrencies is very important imo and a coin that is not being transparent will never make it big. I would say transparency is a prerequisite to success in cryptocurrency and that is why the Blockchain is such a big hit among Bitcoin supporters and you can check the very last line of code of Bitcoin and what the developers are adding on a weekly basis if you wanted too.