With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.
I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.
I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.
Actually I would say, before thinking of going this route of investing or buying old coins, you will need to understand the type of old coin you want and your speculation about it , thus I am in agreement with your first paragraph. Crypto most of the times moves with trend, and this is key to the growth of most coins we see today, and funny enough only newer coins tend to tap into most the trend at that point in time, hence why it looks like old coins like the one mentioned have been forgotten.
Therefore the reason why I started with, understanding the old coin you want to buy is to know if the team of that coin are a flexible kind, who can try their best to incorporate what is happening in the crypto space at that point, if the team are then it's worth buying.
BNB is a coin whose team are always ready to try new things, hence the reason it is still relevant and bigger than most old coins. Every team needs to understand this, add their unique features and see their token regaining it's worth overtime.