I'm going to go through and destroy the top 100 cryptos and show you my ratings. After 10 years in crypto, I've personally held many of these, researched them through my own confirmation bias, and dug into thousands of altcoins. To me, almost everything in crypto is a lie, absolute junk, web3 theater designed to steal from you and make you broke. So how do you see through all the massive lies in crypto? What you need to do is look for and discover some real value, and then compare everything else to that. Once you find the truth, you'll see through the entire BS of lies and time-wasting that is crypto.
To me, the only crypto in the top 100 that is truly a great investment is the Internet Computer Protocol. That's where I've put my money. I've dumped basically all my own money into it. I've got 90% of my crypto portfolio in it, which is tens of thousands of dollars today, maybe close to $50,000. And I had $0 in crypto a year and a half or two ago, because I knew what a dumpster fire almost everything was from being a top crypto creator in a previous bull market and seeing how much of it was just lies. Once you see how advanced the Internet Computer's technology and team are, you start to realize that everybody else is literally lying. They're lying, they're closing their eyes and lying, or they're clueless and just copying some other blockchain.
So I'm going to go through every coin in the top 100 and rip it very quickly. This is my honest opinion as someone who has held a lot of this garbage, not investment advice.
Bitcoin and Ethereum: the only reason they're not F-tier
The only reason Bitcoin and Ethereum are not absolute F-tier cryptos is because at least they have network effect and history at this point. At least they were the originals. Bitcoin is the original crypto, and it probably will endure for quite a while just off of that. Ethereum is the original smart contract platform, and it'll probably endure for a while after that too. All the rest of these cryptos are going to get eaten for breakfast, lunch, and dinner by the Internet Computer Protocol — or crypto is just going to completely implode and some dystopian system will eliminate the need for all of it, or we'll go into some fantasy world where we all just operate telepathically and don't even need money. Those are the range of possibilities according to me.
So let's start. To me, Bitcoin and Ethereum aren't even decentralized anymore in any meaningful way. I covered that in previous videos. With the mining and staking on these, you have a handful of people in each of them that control the vast majority of it. You're lying to yourself and not doing your own research if you think there's any real decentralization. You can take those Nakamoto coefficients and shove them right up wherever you wouldn't want anything shoved.
Ripping through the top of the market cap
BNB. This is an exchange token. It represents everything that's disgusting in crypto: the technology is basically just a copy of Ethereum, and then they've raised a whole bunch of money for their centralized exchange, which gets between people and the blockchain. The whole purpose of crypto is to stop having middlemen, and BNB is a total middleman. CZ is holding 50-plus percent of it. What a dumpster fire. Do you want to line one of the richest guys in the world's pockets further by buying BNB? In my opinion, absolutely not.
Solana. A group of organized criminals at FTX ripped people off massively, and one of their biggest investments was Solana. You're kidding yourself if you think Solana is anything but a coin that was pumped and pushed by a bunch of organized criminals who ripped people off of massive amounts of money. Again, it's basically an Ethereum copy where they've tweaked little things, and even the little network they have doesn't work very well. You can hardly put anything on chain. There's huge token dumpage that the insiders need to get rid of, so they need the price to pump first.
XRP. The absolute worst dumpster fire in the top 10 cryptos. It has underperformed Bitcoin over almost any period of time. Literally every single XRP hyper — tens of thousands of videos — has been disgustingly and completely wrong. And I got fooled into that XRP garbage too, by somebody sending me an email talking about how spiritual they are and how the new world is going to operate on XRP in 2022. Look at the returns. It still sucks.
Dogecoin. A copy of a copy. Litecoin copied Bitcoin, and Dogecoin forked and copied Litecoin. So now we're buying dog coins that are a copy of a copy. Seriously, this has nowhere but down to go.
Toncoin. The SEC destroyed Telegram's original version of this. They shipped it off, and they're making promises they can't keep, just funneling people over from Telegram to get rich off of them. To me this offers no value to the world.
Cardano. A failed Ethereum competitor at this point. There's hardly anybody really using Cardano. Have you tried using it? The tech sucks. It's just about like using Ethereum — look how high the gas fees are, and nobody's even using it.
Avalanche. This has thrown lawsuits out and attacked everybody else in crypto. If you use their tech, staking is like half of what I see advertised, and you can hardly build anything on chain. They're hyping this up like it's real web3. Dumpster fire.
Tron. You've got a bunch of people gambling using Tron, and they push and hype up the numbers. Justin Sun is a figure who almost makes me envy him in controversy — I wish I could be that controversial myself, but I don't think I could stand to look in the mirror every day. And again, nothing's on chain.
Shiba Inu. Now we're buying dog coins on Ethereum. I'm embarrassed. I'm embarrassed to say I've bought every one of these at one point, except Toncoin, because after nine years in crypto I was more concerned with pumping my own bags and making myself rich as a YouTuber than with the actual information I was putting out. Does that sound like anybody else in crypto YouTube to you? It sounds like almost every other YouTube creator. All they give a foul-mouthed care about is making themselves rich, and a lot of times they hardly even know more about crypto than you do, because they spend so much time trying to make the perfect clickbait garbage title to suck you in. Then you find out they just got paid to dump a coin, paid to show a coin. They make these videos saying, "Shiba Inu — if you'd just bought $20 of this back when it was worthless." But no regular person bought $20 of Shiba Inu when it was worthless. Who would buy a dog coin when it was worthless except some DJ or gambler, or the crypto mafia and insiders who got to push it first?
If you want the longer version of why I think the entire market cap leaderboard is a distraction, I went deep on that idea in why crypto market caps are a distraction and only ICP is real.
Chainlink. This technology is useless going forward. With ICP you don't even need oracles. The token gives you no ownership over the tech. How many times do I have to say this — holding the LINK token gives you no ownership over the technology. They could come up with any kind of great stuff and your LINK token is just the ERC-20 token. No ownership by code, no ownership by law. A fake stock coin. Useless.
Polkadot. Of course I bought that last year. This is just more useless technology where you can make side chains and such. When ICP exists, there's absolutely no reason to build anything on Polkadot.
Bitcoin Cash. So you think it's worth copying the Bitcoin blockchain? This should be 14th in market cap. Well, why don't you just copy my entire crypto channel and get a percentage of the revenue I get from re-uploading all my videos? I hope that works out great for you.
Near Protocol. Blatantly hyping absolutely fraudulent narratives. This has no technology that can do anything meaningful with AI. They're literally saying anything at this point to try to get you to think it's good and buy it. Absolute dumpster fire.
Uniswap. Not actually decentralized at all, which is exactly why the SEC knows who they should sue and who to send a letter to.
I've reviewed many of these coins in much more depth, so if you search "Jerry Banfield" plus the name, you'll see why I think it's going to zero in most cases.
Litecoin. Just a copy of Bitcoin. Absolutely useless at this point.
Leo Token. I don't even know why this exists — oh, it's the token for the Bitfinex exchange. Almost the only place people even use this is on Bitfinex.
Pepe. A frog coin that I don't even think the actual creator of the Pepe frog got anything from. I saw this when it was fractions of this price, and I'd feel disgusting if I'd bought it then and hyped it up and made money off of it, because it's a frog coin. At least Pepe isn't pretending to really be something — same with Shiba. It's just a dog coin or a frog coin. In my opinion you deserve to lose money if you buy this.
Polygon. Let's throw out disgusting amounts of money all over the place to make it look like we're paying Starbucks a huge amount to say they're doing NFTs. Then, as soon as the money runs out, they quietly put that away and don't do anything with it. Useless technology compared to the Internet Computer.
The Internet Computer is the only crypto on here that's not an absolutely worthless turd. All the rest are useless compared to it. ICP is the real deal, which is why most of the biggest frauds in crypto content creation will not mention it. They will never look past the price chart. Maybe one day they'll wake up from the matrix and realize they've been tricked into giving all their life energy away, worshiping money and serving the devil. To me, if you've actually done your research, the Internet Computer is the only crypto that's even worth talking about at all.
Casper, copy chains, and the fake-AI alliance
Casper. This is how bad crypto is. There's like one guy who thinks, "Hey, maybe if I basically copy the Kadena blockchain, switch it to proof of work, hype up the DAG — the directed acyclic graph — and tell everybody it was a fair launch, that'll work." Everything's a "fair launch" that nobody cares about, and it's completely irrelevant, useless copy technology. "It's fair launch and it's proof of work." It's going to be the next Bitcoin — absolute dumpster fire. Bots blatantly push this all over social media. A bunch of other junk coins all circle-jerk each other, liking each other's stupid coin videos. You've got people on crypto YouTube saying, "just buy some amount of Casper," and that's some of the worst investing advice I've ever heard in my life. I'd guarantee that in 999,999,999 scenarios out of a billion, Casper goes to zero and ICP outperforms Casper.
Ethereum Classic. This was the fork from the original blockchain. Who uses this? Who actually buys it?
Aptos. Another one of these copy chains, launched with huge hype. It doesn't even do very well at marketing, which is why you're sitting there going, "What is Aptos?"
Artificial Superintelligence Alliance. Or, if I were to name this accurately, the Disgusting Fraudulent AI Alliance. They can't do anything meaningful on chain. The best hope they have to bring any real value is to partner with DFINITY and do something on the Internet Computer's technology. All three of these — Fetch, Ocean Protocol, and SingularityNET — were such fake dumpster-fire AI coins that they all thought, "Well, let's get together so we'll have a bigger market cap, because all three of us are fake and have no real value to add." Do three wrongs make a right? No. But three wrongs do make a much bigger market cap.
Monero (XMR). Governments hate privacy coins. This thing is basically dead.
Stellar. I just looked: 10 years ago Bitcoin has destroyed Stellar in returns, and people are still hyping this up. Y'all just haven't looked at the charts. If Bitcoin has beaten you in returns over the last 10 years, your altcoin sucks.
Mantle. Do we need any more Ethereum layer twos?
Dogwifhat. Apparently Solana's main business model is meme coins. I'm sure that's going to work out great in the future. So you've got a dogwifhat, then a different kind of dogwifhat, and now another dogwifhat. Are y'all really holding this? You can't handle the truth.
Arbitrum. Let's come out with a fake DAO that's really more of a polling mechanism, trick a whole bunch of people into buying our coin, and then when the DAO all votes one way on our very first proposal, literally do the opposite — just to shove it right up wherever you wouldn't want anything shoved. Another Ethereum layer two.
Stacks. If I wanted a Bitcoin layer two with crappy technology compared to the Internet Computer and a team that had no transparency, I'd sure just throw my money away into Stacks.
Maker. I forgot what I even reviewed about this, but it was an absolute waste of money — no way I'd put money into it. You can search "Jerry Banfield Maker" if you want more.
Filecoin. A fake decentralized storage protocol where all the data's off chain and somebody's holding the keys to how it works. No viability going forward. If you want cheap storage, just dump all your stuff on Amazon. If you want security and blockchain benefits, build it on the Internet Computer. Filecoin is in this no-man's land where, if you want a lot of data storage you'd just use centralized computing, and if you want truly decentralized storage you'd build on ICP. So Filecoin is a total waste.
Render. I can't prove it, but I believe they got incentivized to move over to Solana — to move a token. The actual whole protocol is not on chain, there's very little activity in the actual marketplace, and a bunch of the Solana maxi hypers have got on board shilling it. Not something I'd buy.
Cronos (CRO). One of the worst crypto investments I've ever made in my entire life. Joe Parys got me hyped up over the debit card, and I dumped $3,500 in. If I'd put that into something else like Bitcoin it would have done pretty well, but I just threw my money out the window into a crack house called CRO. The $3,500 I put into the debit card got me crappy rewards that are inferior to the Amazon credit card I now have, which gives far superior rewards. And because it's an Amazon credit card, unlike a debit card you don't have to worry about your funds getting sucked dry. CRO charges you fees if you don't use it and scrapes all the rest of your crypto. I lost $3,000 in this dumpster fire, which is just a blockchain on Cosmos with no ownership over Crypto.com or any of the brand. Absolute garbage.
Hedera. Another textbook money scraper where they don't even pretend there's any decentralization. Look — these 30-something companies are on the governance council and you have no say in how the blockchain runs. Why would you buy this? And the worse question: why did I buy that last year?
Cosmos (Cosmos Hub). For some reason "Cosmos" by itself sounded pretty good, and now we've added "Hub," which sounds not as good. Just as useless as Polkadot. You've got all these people spinning up their own blockchains. Why even use that? The Internet Computer's technology is so far beyond what's going on with Cosmos that there's no reason to use it.
Immutable X. I personally dumped tens of thousands of dollars into playing a fake crypto game on this. There's a token and there are NFTs, which aren't actually hosted on chain, and the whole rest of the game is basically a web2 game. The token gives you no real ownership or control over anything, and the NFTs are out of your control as well. I dumped a whole bunch of time into this very well-funded but utterly useless Ethereum layer two to play a crypto game, which I managed to lose thousands of dollars on multiple times over the last couple of years. I learned the hard way that this is a dying project, with games that have absolutely wrecked people's wallets.
VeChain. This is too boring to even talk about.
Injective. Another ripoff protocol, a fake decentralized exchange.
Bittensor (TAO). Absolutely useless. A fake AI coin, absolutely fraudulent. Can't do anything meaningful on chain with AI, and they push using bots like crazy.
Optimism. I've got pessimism when I look at Optimism. ICP has the best Ethereum-layer-two-style tech base and the biggest amount of users. Optimism is completely irrelevant and useless, if not today then very soon. Just another copy blockchain to raise money and scrape off of you.
Arweave. Are we dishonest enough to launch something called Arweave AO and make it out like it's the Internet Computer? When the people from DFINITY who actually know the technology look at it, they destroy it to pieces. Arweave is nothing compared to what ICP has, with almost no transparency on the team. Destroyed that in multiple reviews.
Bonk. This is Solana's idea of a business plan: let's give away some Bonk and then people will really think Solana is worth something.
The Graph. Utterly useless going forward, because ICP smart contracts can get indexed directly in Google, so you don't need The Graph anymore.
Floki. Another meme coin. How many dog coins do we need in the top 100 for people to lose money on? I guess this many.
Bitget Token. Another exchange token, except not nearly as big as the other ones. And with exchange tokens, since they're all doing dishonest stuff, bigger probably is "better," because you can just pay your billions of dollars in fines and keep going in business while your CEO goes to prison.
Lido DAO. This has totally ruined the decentralization of Ethereum by putting whoever has the real power at Lido in control of 29% of Ethereum staking. And from what I see it's not a real DAO, because the development team has to actually go make some of the most crucial changes.
THORChain (RUNE). Ghost chain, zombie chain. Already reviewed that.
Wrapped Bitcoin. I said this was one of the worst things I've seen in the top 100.
Theta Network. Failed. Another one of these failed fake web3 platforms, supposed to be for streaming and all that, with nothing on chain. Useless.
The bottom half: speeding up the carnage
Notcoin. This is one I actually haven't researched. Maybe I'll look at it. There's a lot of people with contempt prior to investigation who've never looked at ICP — all they've done is look at the chart, and they're missing out — so I'll happily take a look at this one and review it. It just can't be good.
Ondo Finance. Absolute scum coin.
Aave. I'm about to do a more in-depth review on this one — it's been a little while. How many of these protocols do we need for swapping and crappy decentralized-finance returns? Aave is again useless in the long term.
Fantom. This is migrating to another version of the chain. To me that's a blatantly dishonest thing to do to rip people off — they'll call it "upgrading technology," but from my point of view it's scraping everybody who's not paying attention as they dump into a whole other chain.
Celestia (TIA). I absolutely destroyed this coin and can't even stand to talk about it. Same thing with Core.
Brett. A Coinbase dumpster meme coin.
Jupiter. Another one of these new coins. These new coins have such huge market caps that you're basically guaranteed to lose on 99 of them, because the market cap is so big the insiders are just going to dump all the tokens on you. The only reason they haven't dumped immediately is that the tokens haven't unlocked yet.
Pyth Network. Useless.
SEI. Another startup similar in a lot of ways to SUI.
Algorand. It's like Aptos, but even more useless.
Quant. If you'd like to invest in having your freedom taken away and fake blockchain interoperability — when ICP is the only way to do real interoperability — then Quant looks like a great place to throw your money into an ERC-20 token and watch it evaporate.
Mantra. Another new coin I haven't even heard of.
Gate. Don't know that one off the top of my head, but we've got more reviews to do.
Ethereum Name Service. Useless. Why even bother having Ethereum Name Service when you can't put your website on Ethereum, but you can on ICP — and you don't need an Ethereum Name Service for it?
MultiversX. Fake, completely fraudulent metaverse narrative. A stereotype ripoff, and that's not going to work for this bull market.
KuCoin. Another exchange coin.
Beam. Dumpster-fire gaming crypto.
Flow. Useless.
Tokenize Exchange. Definitely don't want an exchange token.
Helium. Isn't that the one for the wireless network? But it's not actually fully on chain either; it's just a token. I like the idea, but it's not actually decentralized — you have centralized hidden controllers. There's almost no personal accountability in crypto, which is what's missing.
Axie Infinity. This did a great job stealing a whole bunch of people's money after it was up 20 times higher than this in price. People dumped their lives into playing this crappy-looking little game, and then the bridge got hacked. Every hole is getting filled up.
Bitcoin SV. Yes, some of y'all like that. Another Bitcoin copy blockchain.
Gala. I told you what a dumpster fire this was. They said this was dead, fraudulent, and useless a couple years ago. Then it pumped and you all said, "you're so wrong." Well, now I'm not, am I? Fake celebrity hype.
Algorand (ALGO). Already said: useless copy of a copy blockchain, nothing of value, where we're seeing massive token dumpage.
EOS. I told you, I told you, I told you so — so many times. Back in 2017 I ripped this and said it was a horrible investment, a disgusting ICO for a billion dollars, fraudulent manipulation of the price. In the end it was terrible. This stole hundreds of millions, and billions of dollars of Ethereum got poured into it. And what do people have now? A useless ghost chain. Everybody laughed and thought I wasn't so smart when the price pumped up to $12, but it's never been back there again, has it? The whole market cap of the entire project is now less than the initial ICO.
Flare. Useless.
BitTorrent. Again, this is a token that does nothing on the chain itself. All the actual stuff is off chain, and from what you know about BitTorrent, I don't think I'd want to invest in that token.
Akash Network. Fake DePIN where the physical infrastructure isn't actually decentralized, because there's some centralized control. I think I actually bought this at one point.
NEO. This was all hyped up as going to be "China's Ethereum." That hasn't gone so well, has it?
dYdX. Another one of these exchanges that's not actually decentralized at all, because who controls the website? They do. They control the website and all the infrastructure. Yes, there are tiny parts that might be decentralized, but you have no real ownership over it with this token.
PopCat. This must be another dumpster-fire meme coin.
Ordi. Junk.
StarkNet. Useless technology.
Ronin. This was the bridge network that Axie Infinity got hacked on, if I remember right.
Tezos. Sad to say, I bought this last year off of some California DMV article hype. Why would the California DMV put license plates on Tezos when you can't even really put the license plates on Tezos? They've got a picture of the plate on chain — a picture of the plate.
FastToken. I haven't even heard of this. Must be new. Looks like I know which tokens to review next.
By the way, this rundown excludes stablecoins. Some of these are new ones I haven't looked at yet, and I'll happily go through and review any of them.
Nexo. This is for another crypto exchange I wouldn't touch.
eCash. This is still a thing?
zkSync. How many ZK tokens do we need?
Conflux, Pendle, and Worldcoin. I went off on all of these at various points, although some of them I took down the old reviews of so I can make new versions.
Long story short, all these absolutely worthless cats in a dog world. MEW — who buys stuff like this? People who want to be broke. Gnosis and Zcash — there you go.
If you want my one-line summary of the whole list, I made the case in detail for why I'd sell Bitcoin, ETH, XRP, and SOL for ICP before it's too late. I keep all of these reviews going in my ICP Crypto playlist if you want to go deeper on any single coin.
Out of 100 coins, there's one worth researching
Out of these 100 coins, I've simplified this for you greatly: there's one that's worth researching. Now, I swear to God, if you just buy this without researching it, that's a way to lose money as soon as it dumps, or a way to miss out on your profits. Don't ever just buy anything somebody talks about. Research it. Go to internetcomputer.org. To me, this is the one. Look how deep the website is, look at the capabilities, watch the founder talk. Just research it. Don't buy anything — and for God's sake, don't put any more money into crypto — until you do some serious research on the Internet Computer Protocol.
And you'll see what I see. If the Internet Computer didn't exist, or back when I didn't understand it, I had a very different opinion of the rest of crypto. But now that I know about it, it's like I've seen through the matrix. The Internet Computer is the hole in the matrix. Nothing in crypto makes sense and it's all confusing until you find ICP. Then it's like, oh — all the rest of these coins are just out there to rip people off and steal people's money. That makes perfect sense. People are trying to create a coin with the least amount of effort and get the most amount of money for themselves, and almost nobody actually cares about you, the investor.
Why do I care about you, the investor? Because I don't want to have broke neighbors who lost all their money in crypto and then get so desperate they steal from me. I look at everybody on earth as my neighbors — some of y'all are just more next door to me than others. I don't want to have to move into a guarded neighborhood to keep all the people who got ripped off away. I get into this same point about how the whole market is a bubble in why crypto is still in the dot-com bubble and ICP is the real internet company.
So I appreciate you reading. If you want to talk with me directly, you can join the Jerry Banfield Family and schedule a one-on-one call. I've said enough.