Let's get started reviewing every top 50 cryptocurrency right here, right off of blockchaincenter.net. I'll hit each of them for about 30 seconds or so and go down the list from there. To put my own biases up front: I have recently become an Internet Computer Protocol maxi. I have bought, at some point, most of the top cryptos and held them at some point in the past. And I have been profitable nine years in a row in crypto myself, so I'm pretty good at figuring out what, at least in the short term, will do well.
Bitcoin and Ethereum: the lowest risk, but not the biggest gains
Let's start off with Bitcoin. Bitcoin is probably the safest asset on this list and has had one of the strongest years on here. But my concerns with Bitcoin are how well it's going to sustain going forward, because Bitcoin is not mass-adoption friendly. And even though there's a lot of excitement in ETFs, the market is so big right now that I'm not sure Bitcoin is going to be able to last the test of time, because in my view Ethereum is truly the top cryptocurrency right now. Even though the market cap is lower for Ethereum than Bitcoin, Ethereum has the biggest ecosystem. It has the most developers. It has the most usage. It has the most wallets. It has the most addresses. Bitcoin's market cap is somewhat artificially inflated because a lot of the old supply has been lost, and Ethereum staking also makes it very attractive to earn yield on Ethereum.
But this has created some big centralization problems in Ethereum, with liquid staking providers holding massive amounts of Ethereum. Even Vitalik Buterin does not stake his Ethereum. And I also see that Ethereum does not seem like it's going to scale well either. It doesn't look mass-adoption friendly. But Bitcoin and Ethereum are the lowest risk. In my experience they probably won't lose money over time going forward. However, the gains on these two probably aren't going to be that great either.
BNB: strong activity, questionable future
Next, on to BNB. Another reason I'm not big on Ethereum going forward is because it has so much competition, and things like BNB have been swiping a lot of users off of Ethereum. It's been swiping developers and tokens off of Ethereum, and a lot of these new token launches have been happening on BNB. BNB has been taking a lot of the users from Ethereum through Binance's power and influence, and that to me has weakened Ethereum. But Binance, even though it has one of the highest levels of activity now in crypto, is very questionable going forward as an exchange with all the regulatory issues. And the BNB chain is decentralized in the hands of Binance, which to me is not something I want to invest in. On top of that, BNB is now getting hit with a lot of competition from other things like Solana, where coins are launching on Solana instead of BNB, and on these Ethereum Layer 2s. So to me, BNB doesn't have a very good future going forward. And the same as with Ethereum and Bitcoin, I don't think you're going to get great gains on BNB, even if it does go up.
XRP: my least favorite crypto anywhere
Now, next to XRP. XRP is my least favorite crypto anywhere, because they have just huge amounts of tokens that they can dump on the market. There's literally no other currency that has this amount of dumpage that's possible. And you know, one word you don't want in association with your crypto is "dumpage." People complain about Internet Computer's tokenomics, but look at this: there's $20 billion that they still have that they can dump on the market. Now, the positive side of that is it could result in them being able to pay for XRP to be used in a whole lot of places. But as an investor, to me there's no way I want to hold something like that. As we saw with the court case victory, it did a temporary pump and then immediately dumped, which was tragic for everyone who bought. So XRP is my least favorite crypto, and the adoption on it is very weak.
Solana: the best Ethereum competitor outside of ICP
We're going to have to speed this up to get through this in any timely manner. Solana at number five — and obviously this excludes stablecoins. Solana just recently passed Cardano, and I think Solana is on a trajectory to pass XRP and BNB; at least, if what I want to happen happens, that will happen. I think Solana provides some of the very best competition to Ethereum because Solana is so much faster and so much cheaper, even than XRP. And there's a ton of NFT trading on Solana. There are projects like Render and Helium that have moved over to Solana. To me, Solana is the most attractive Layer 1 blockchain to use outside of Internet Computer. So if Internet Computer didn't exist, I would have all my money in Solana, because technologically and user-adoption-wise, it's the best Ethereum competitor. You can easily stake it and earn yield on it, and that's solid. And a lot of the weak hands have already been washed out. That said, FTX has their Solana to dump, and they've got their Ethereum and Bitcoin and other cryptos to dump too. So that adds some significant uncertainty.
Cardano: great community, technology I can't get behind
Over to Cardano. I love the community and the passion of the people for Cardano. I don't like the technology for it. When you compare Cardano's technology to something like Solana, I don't see why you'd launch your project on Cardano compared to Solana. And if you look so far, Cardano is down this year and it has not been doing well. It's one of the worst performers in the top ten, next to Dogecoin and BNB, which are not names it necessarily likes to be associated with. But Cardano, to me, is not going to make it long term because everything else does something better. If you wanted Binance support, you'd go Ethereum. If you wanted the biggest potential wallets and money, you'd go Ethereum. If you wanted fastest technology and a rapidly growing community, you'd go Solana. I don't see why you'd use Cardano for your project. And that's Cardano.
Dogecoin: overvalued and, in my opinion, headed down
Dogecoin. I personally think this is definitely going to drop in the future, because this is a Litecoin fork, which was a Bitcoin fork. This is just a payments layer. And they do have the Dogechain layer too, which I don't see why anyone would keep using in the future. This, to me, is something to dump from a portfolio. Now, I'm just talking about my own opinions and my own research here that I'm presenting to you; you're a grownup and you make your own decisions on things. Dogecoin, to me, I don't see that this works out well long term, because while it has lasted so far as a meme coin, even with Elon Musk becoming Twitter CEO it has performed one of the very worst so far out of the top ten. I think this has a lot further down to drop and is way overvalued at $8 billion.
Tron: thriving now, but built on gambling
Next is Tron. Tron is a thriving ecosystem that appears to be mainly used for gambling in Asia. Tron has some of the best data anywhere. The users keep growing. The ecosystem is strong. Right now it's third in terms of year-to-date returns, with only Bitcoin and Solana beating Tron in returns. The Tron price is not down as much as many others, and Tron looks like it's going to stick around and maybe even gain in adoption. I rated Tron as a five-star crypto. But for the long term, I think things like on-chain gambling are going to negate the use for Tron. And I know, as someone who's had a gambling addiction, that while you may get in the habit of using one particular website or crypto, if something better and faster comes along, you'll switch. So the long-term viability of this, to me, is low. This may maintain its position; I think Cardano and Dogecoin and BNB and XRP all have good odds of dropping significantly, and Tron may hold its position better than some of the other ones next to it.
Polygon and Polkadot: their time has passed
Now, Polygon. Polygon, to me, its time is past. The Layer 2 competition has gone insane, with Base launching and with Chain-Key Ethereum coming to ICP. I think Polygon has peaked, and it's got a long way down to go from here. They paid all this money out for all these partnerships to get all this press, and the coin has absolutely bombed this year — down 32% this year, which, granted, Internet Computer is probably down more than that. But Polygon's technology is not that great. You have to bridge your Ethereum, and once you use something like Solana, you just don't want to use Polygon again. So Solana, to me, really kills the use case for Polygon and many of these other ones.
Down to number ten is Polkadot. Polkadot has a lot of development activity and lots of these parachains on it. But the actual use of the Polkadot token outside of locking up for a parachain is very questionable. There doesn't seem to be a lot of real utility. And I don't see Polkadot doing well in the future because, again, when you've got this competition in a far better position, Polkadot, I doubt, can keep up in a very difficult race among all these different altcoins.
Want me to review a crypto with you?
Now, let me tell you something I'm really excited about. If you would like me to dig into a crypto you've been wondering about, and to be part of the community where I share these reviews and answer your questions directly, the best way to do that today is to join the Jerry Banfield Family. That's where I'm sending everyone now — you can bring me any coin you're curious about, and we'll go through it together.
Litecoin: an early Bitcoin fork
Next, we'll do Litecoin. Litecoin is an early Bitcoin fork, and it's gotten listed on some major exchanges because it doesn't look like it's going to have an issue with regulatory compliance, since it is proof of work. It is much faster than Bitcoin, and the fees are cheaper.
Litecoin just recently had its halving. The thing with Litecoin is that it's just too risky of becoming irrelevant. If you want the very best of proof of work and store of value, there's Bitcoin. If you want something that's faster, there are so many other choices for that. There's no reason to hold Litecoin. For example, if you hold Ethereum, you can stake it and get yield. If you hold Solana, you can stake it and get yield, as you can with many of these others. With Litecoin, why am I going to let this just sit in my wallet and do nothing? In my view, Litecoin has a long way to drop going forward because of exactly what I just said.
The same thing applies to Bitcoin Cash. Now, Bitcoin Cash has recently had a pump that was unexpected to many, because, like Litecoin, it's not at risk of being called a security. It is a Bitcoin fork. But I see that this may pump along with Litecoin just because some of these companies and exchanges are trading it. Maybe it will have an ETF along with Litecoin. You've got to think about this: any time these companies can make money off of buying and selling something for you, they're going to do that. If they did ETFs for Bitcoin, they may do ETFs for things like Litecoin and Bitcoin Cash too. So those could possibly have short term pumps along with Litecoin. But again, it comes back to this: why would someone use Bitcoin Cash or Litecoin instead of Bitcoin? To me, it's crazy to buy Bitcoin Cash, even though so far it has beaten Bitcoin year to date. One reason is that it's 99% smaller than Bitcoin, and the long term utility of it is almost zero. The more things like Solana grow, along with these Ethereum Layer 2s and Bitcoin itself, I see no reason why anyone would use Litecoin or Bitcoin Cash. Those are some I feel strongly about. I have not even ever bought Bitcoin Cash. I used Litecoin years ago. Its time has come and gone.
Chainlink and the problem with ERC-20 tokens
Number 13 here is Chainlink. Chainlink is an Oracle service, an ERC-20 token. Now, this is the leader in what it does, but there's a lot of token dumpage that can come for this. I personally don't like ERC-20 tokens, because if you're holding the LINK ERC-20 token, you don't necessarily have any real ownership or value over the actual things that give Chainlink value, like all the code and all the websites. The LINK token does not allow you to actually control the real resources. When you're a developer or you're a chain, and you look at either paying LINK for something or doing it yourself, with things like Internet Computer having no need for Oracles like LINK, and with things like Tron getting their own Oracle services directly on their own chain, I think LINK is not going to have as great a future as many of these other ones. LINK certainly could get narrative pumps here and there, it definitely is going to have value, and it may do a lot better than Litecoin or Bitcoin Cash or Shiba Inu or Polygon. But I seriously doubt LINK is going to last the test of time, because it's just a token that doesn't have any real value connected to the resources that Chainlink itself actually operates. The more these chains build their own Oracles, the less you'll need LINK.
Shiba Inu, Leo, Avalanche, and Uniswap
Next is Shiba Inu. Shiba Inu is a meme coin spin-off of the Dogecoin idea; the logo for Dogecoin was a Shiba Inu dog. This is, to me, one of the worst in the top 20. This has no future that I see. The year to date has just been a dump. With meme coins, generally people are looking for the new hot meme coin. This one is awful. There's no future for this. The Layer 2 they've made has been a total flop. The user data is not that great. Despite having a huge community, mostly people are selling rather than buying. While this could get a speculative pump, of course, the market is so big now that all the people holding their Shiba Inu, as soon as the price goes up, the people who have been holding it forever are going to likely want to dump it. This one also just gets a lot of fluff and pump. There's no substance to it. So Shiba Inu is a definite one star for me.
Leo token, I don't know enough about to say much, except that I researched it a little bit and I don't really like it. It has not even drawn much attention. This one has got the least attention out of the top 15, and that's not a good sign, usually.
Avalanche is another Layer 1, similar to Solana, except it's got EVM. Avalanche's price absolutely tanked in the last few months. I think Avalanche easily loses to Solana. Anything you would want to do on Avalanche, you could do on Solana, and there's a bigger community. So I think Avalanche dumps significantly from here. They have huge token unlocks too. Again, you all complain about Internet Computer's tokenomics, but Avalanche has half the supply that you're going to get dumped on with.
Next, Uniswap. The Uniswap exchange has a lot of value, but this is an ERC-20 token that, again, gives you no real control over Uniswap by holding it, because all the resources that are important that Uniswap owns, anything from the domain to all the front ends and the code for it, you don't own any of that with the ERC-20 token. Because this is so big, because the ecosystems and DEXs are expanding, and because they just started charging a fee on it, I don't think this is a very good hold either, since there are all these new ones coming up. To me, the future of decentralized exchanges is completely on chain, where the whole exchange is on chain. So I don't like Uniswap for the long term, as big as it already is.
Stellar, Monero, and the privacy-coin question
Next, Stellar XLM. Stellar is a fork of XRP. It pumped some with the court case win for XRP, but it has lost almost all the gains from there as well. I see Stellar as very irrelevant, because if you love XRP, then you don't need Stellar, and if you don't like XRP, Stellar does not look attractive either. So either way, I think Stellar's got a long way down to go.
Monero is more interesting to me than usual. If you'd like a deeper look at any one of these, join the Jerry Banfield Family and let me know which crypto you want reviewed, and I'll do a dedicated, more in-depth review of it once we go through these. Monero is more interesting than usual because this is a privacy coin. It is the leading privacy coin right now. It has decent tokenomics, with the supply only going up like 1% or so a year. But governments hate privacy coins, although you would think they would like them, because they could do stuff with them that people couldn't track. Maybe they secretly like them but publicly don't. What I do like about Monero is that it is the leader in its field and the tokenomics are solid, but I don't like privacy coins generally, and this one has a chance of becoming irrelevant also. That said, I think this may hold its position better than some of the other ones around it, because it does have a very clear niche that it's dominant in: privacy coins.
Ethereum Classic, Cosmos, and Hedera
Next is Ethereum Classic. I can't believe this is still around. Really? Y'all are still using this and buying it? I thought this was over with like six years ago, and it's still hanging around. So I think this could and should go down a whole lot more.
Cosmos. There's a lot of growth in the Cosmos ecosystem, but, and this is a big but, the actual utility of the Cosmos token itself is very low, because there are all these other chains that use the Cosmos SDK. You don't have to even do anything with the Atom token, and they charge fees in their own token. So to me, Cosmos, for what it does, when you have something like Internet Computer that comes along, or even Solana where you could just launch your coin on Solana, doesn't stand out. Even though it's got things like Kronos on it, and there are so many things using the Cosmos SDK, I think this might hold its position decently, but it's got a long way down to go, and long term, this technology is nothing special.
Hedera gets so much hype that I don't think is well deserved. If you compare Hedera to Solana, for example, then yes, Solana's got a much bigger market cap, and Hedera looks like they've done things to artificially inflate their transactions to get people excited. The technology on Hedera versus Internet Computer is awful compared to Internet Computer's. So if you want something smaller that has incredible technology, then in my view, if you like Hedera, you should check out Internet Computer, because it's way, way better, except for how much the price is down.
Filecoin and the one I'm all in on
Number 23 is Filecoin. Filecoin is a leader in what it does for decentralized storage, but utility projects tend to be undervalued. For example, things like power companies aren't things people get excited about investing in, and file storage is the same. Filecoin, to me, has a long way down to go as well, because when you've got things like Internet Computer, you don't even need Filecoin anymore. The future needs to trend more toward things that have on-chain storage. So Filecoin is in this ugly spot: if you're just going to build on centralized servers, you don't need Filecoin, and if you want to do real Web3, it'd be better to build on Internet Computer than to mess around with Filecoin and then screw around with all the other stuff. So I think Filecoin is likely to not have that great a future. And if you don't like being down a lot from all-time high, Filecoin is down 98%, which is almost as much as Internet Computer is down.
Internet Computer, at number 24, is the crypto I am all in on. I've sold all my other crypto to put into this one, because I've calculated that's where the probability of me getting the biggest returns on my investment is. I decided to stop playing it safe and letting money just park in Bitcoin and Ethereum. I even sold my Solana and my DSO into Internet Computer, because Internet Computer has the best technology that I see in all of crypto, and it has no competition. It is the only place you can build something like a fully on-chain DEX, from the website to all the tokens and the code and the pictures and the storage. You can build things like games completely on chain on Internet Computer. For the market cap it's at, $70 million of new tokens have launched on the Internet Computer launchpad just in the last year. This, to me, is the one crypto that's most worth researching deep, deep, which is why I've spent hundreds of hours researching it and using it. I've already done a video called "I Researched Internet Computer for 100 Hours," and that's why most of my new videos are all about Internet Computer.
I've moved everything, and with Internet Computer, if you stake it and lock it up for eight years, you can earn up to 16 or so percent in voting rewards. So for a person who has made a lot of impulsive decisions like me, this is an ideal place to commit and stick, because the ecosystem is massive. I've talked about that a lot across my other work if you want more on it.
Cronos, Lido, and Maker
Number 25 is Cronos, and we're really going to need to speed through these. Cronos is the token from CRO. It's on Cosmos. To me, this has a long way down to go. Now, if Binance falls, Cronos could do all right, but centralized exchanges, in my opinion, are going to yield to decentralized things on stuff like Internet Computer in the future, and this token is down massively. This is one of the biggest places I've ever lost money in crypto, outside of Bitcoin when I first started. So Cronos has a long way down to go.
LidoDAO is a DAO token on Ethereum for the largest liquid staking provider. My same criticism of all the other ERC20s applies here: it doesn't provide any real ownership or true value. You're subject to the developers and the app, and you don't have any real control or real value in an ERC20 DAO, in my opinion. And with the big amount of liquid staking that's happening on Ethereum, there's a very significant risk that something happens with that, or that people move somewhere else. So LidoDAO looks very unattractive to me. And Maker, I have very similar feelings about Maker, even though it's different.
If you want me to go deep on a specific coin with you, the best way to work with me on this today is to join the Jerry Banfield Family, where we can dig into any altcoin you're thinking about together. If you want me to review something that's not in the top 50, that's the way to go.
Quant, Aptos, and VeChain
Quant, I don't like for many of the same reasons I just mentioned. It's an ERC20 token, and no matter what technology they develop, they own it, not the ERC20 token holders. I also don't see this as very exciting. Most people don't want to invest in blockchain interoperability, and the price has been plunging year to date for Quant as well.
Aptos is a new project. If you look at the fully diluted market cap, this is very problematic. The circulating supply versus total supply is a huge gap. They have billions of dollars of it, and you only have a small amount of supply in the market. As we've seen with Internet Computer, when you lock up money that seed investors get and then just keep dumping it, the price goes down 99%, even though it's an outstanding project. Aptos technology is nothing compared to Internet Computer, and it's got $4 billion they're going to dump on the market. This is a definite, definite down.
VeChain, I actually bought some and held it. I don't like the two-token model they have for it; it introduces additional complexity. The technology has nothing exciting on it, and everything it does could easily be done on some other chain. It's not an exciting narrative either, with the supply-chain stuff. So to me, this might hold its position better than some of the others, but it's down 94%. So many people won't even look at Internet Computer because of how far it's down, and VeChain is in that level of territory as well. So VeChain, to me, is very risky of becoming irrelevant.
The Ethereum Layer 2s: Optimism and Arbitrum
Optimism is an ETH Layer 2. The tokenomics are a nightmare on Optimism. You only have 20% of the supply unlocked. That's $4 billion more they're going to dump on the market. I've never bought this and wouldn't touch it, because Ethereum Layer 2s are brutally competitive. Base quickly picked up a whole bunch of users, and that was at the expense of other chains; they took those users from other chains in most cases. So Optimism, the tokenomics are awful, and ETH Layer 2s are not going to work out generally, in my opinion. Especially once Internet Computer's Chain Key Ethereum is done, it will be the best Ethereum and Bitcoin Layer 2. All these other Ethereum Layer 2s will get slaughtered if Chain Key Ethereum takes off.
Arbitrum is another Ethereum Layer 2. Almost all the things I said about Optimism apply to Arbitrum. The only difference is Arbitrum's tokenomics are actually worse than Optimism's. I've said the entire time this has been out, don't touch it, the tokenomics are terrible. It's down 50% so far already this year. And Arbitrum made a nice example of why you need real automated DAO control instead of something that just looks like DAO control, because the DAO on Arbitrum voted one way and they made the exact opposite decision. To me that clearly shows the DAO is not real ownership, which means it has no real value.
Kaspa: the one some of you have been waiting for
Now the one some of you have been waiting for: Kaspa. Kaspa is up 800% this year, one of the highest returns year to date on any crypto. Kaspa is a new directed acyclic graph proof of work. Think fast Bitcoin plus a kind of technology similar to Hedera. Some of you have been relentlessly positive on this, and I am relentlessly negative on it. Why? Because it has a $1 billion market cap and it's basically a fast version of Bitcoin, and the developers and the miners did a crowdfunding campaign to get it listed on exchanges. So the financing for this is very questionable going forward. The amount of development that will be able to be done on it is questionable. The technology, in my opinion, is just useless. Even compared to Solana, or especially Internet Computer, there's no reason to hold Kaspa at all. I've never bought it. I've never liked it. I've said it wasn't good since it was one cent. It may have a better bull run, though, because it's new and because people irrationally like to buy on a green chart and sell on a red chart instead of looking at the value of the project versus where it could go.
Mantle, Near, Aave, and Stacks
Mantle, I reviewed before, and honestly I don't even remember exactly what I said about it, but I wasn't a big fan of it in my full review. So I doubt that's changed.
Near Protocol has gotten a lot of user attention recently, but there's also been a ton of token dumpage on Near as well, with the price tanking from over $2 to $1 during this year. Near Protocol, to me, is way behind in the race of Ethereum competitors. Solana is way, way ahead, and Avalanche is ahead. Near has like one or two apps, the technology is not that great, and the chart is so red that most people don't want to buy or even look at something down 95%. Near is not going to do that well.
Aave, I will reserve judgment on a bit. I heard Aave may be coming over to Internet Computer. That is just completely stuff I read, I do not vouch for the quality of that information, and I don't really know what I want to say about Aave here. I need to research this more to even get a fully fledged opinion on it. That said, if I haven't even researched it that much and it's in the top 50, is that a statement of how good it is, or that I just don't vibe with it? I don't know.
Next one is Stacks. Stacks has had a huge pump this year. But let's talk Bitcoin Layer 2s. There's Chain Key Ethereum now on Internet Computer, which destroys Stacks in my opinion. Internet Computer's Chain Key Bitcoin is decentralized, so easy, so fast, with such small fees. Stacks sucks compared to Chain Key Bitcoin. I don't see any reason you would use Stacks or hold Stacks. And a Bitcoin Layer 2, to me, is a crappy narrative. Although, when the ETFs get approved, this certainly could have a speculative pump, but I would definitely get out of it as soon as that happens if you're just trying to make money on it.
Bitcoin SV, White Bitcoin, and The Graph
Bitcoin SV is another Bitcoin fork. They have a ridiculous court case trying to allege that Bitcoin was stolen from them and it's really their Bitcoin. Now, maybe if that court case goes their way, who knows, we could see something crazy happen. I personally can't stand Bitcoin forks. There might be a wild card with Bitcoin SV, though. It's a less popular Bitcoin fork than Bitcoin Cash, and Bitcoin Cash has pumped decently. Who knows? But to me, this is worthless.
White Bitcoin, to me, is one of the worst crypto launches we've seen this year. I did a review that was so nasty about it I think I deleted it. So I would absolutely stay away from that.
Number 40 is The Graph. I don't know why this got included in AI plays. It's just kind of like a marketplace for databases, and it doesn't even look that active. So this has a good idea, but it doesn't seem like it's getting used a lot, and I don't see it doing that well going forward.
Algorand and Render
Algorand. And look, I could just literally say every one of these cryptos is crap and they probably won't do that good going forward, and I'll be right the vast majority of the time. I am interested to see where I'm wrong, though, because maybe on one or two of these I've missed something. But most of these are not going anywhere. Algorand is one that, to me, is not going anywhere. A lot of hype and fluff, not a lot of users, not a lot of things to convince me it's good. It's about $0.80 right now, so you can get about 70% of the supply out. But with the market cap as big as it is, and it's gotten wrecked this year, down almost as much as Internet Computer, I doubt this does very well.
Render is a great narrative play, and it moved to Solana, which I think will give it a much better future than some of these ERC20 tokens, because the Solana ecosystem is growing and thriving, and it's much cheaper to trade. These ERC20s, if Ethereum gets really going in a bull market again, get so expensive you can't hardly trade them or move them off exchanges. I really like Render's move to Solana, and Render has pumped a lot this year. Render is basically a decentralized graphics card and processor marketplace where you can rent out computation power, especially for things like AI applications or movie rendering, where you need a lot of processing power. I looked at Render in detail, and I think Render will do better than a lot of these other things around it. Render may even climb up a bit. Where I'm hesitant with Render is that most of the niche for decentralized computing power is still developing, but it has had a great year so far. Although it's down 76% from its all-time high, it does provide very clear value, so I think Render will do a little bit better than many of the rest of these.
Around that area sits Injective. I'm not big on it. I reviewed this before and it was okay, and I might need to look my own review up to see what I said about it, because there are a lot of these. Injective has gone up a whole bunch. It's some kind of DeFi project and I don't really know about that one.
XDC Network is one of those ISO-compliant chains, similar to XRP and Stellar. This one has pumped up significantly recently, but the price is still flat from where it was when I first found out about it a couple of years ago. This is just a payments network. If you like XRP, this is kind of like a smaller-market version of it, but XRP has absolute dominance in that space. If you were to think something like this would do well, XRP would dominate it instead, so I don't think XDC will do that great. I bought XDC Network in 2022, so it's one I've actually held.
Synthetix Network I have not hardly researched at all, so I don't know enough to even have an opinion on it.
Immutable X and the gaming layer-2 problem
Immutable X I've actually used a lot, and I made some decent profits this year at least on the Immutable X token. This is a gaming-focused layer 2 for Ethereum, and in my experience the tokenomics for this are awful. They just dump tokens all the time, which, even though it's gotten a lot of attention and hype, has killed the price. It's actually more expensive to develop games on something like Immutable X than to just build a Web2 game. So to me, this already had its one big bull-market pump. I think it's better than some of the other ones around it, though, and if you get an Ethereum layer-2 gaming narrative that really gets going, this could have a good pump. But you'd have to exit immediately, because with those tokenomics they're just dumping all over you.
Now, I did get a lot of Immutable X just from staking, and I've actually used this one a ton, so it is functional. But the gas fees on it, putting Ethereum and the ERC-20s on it, are awful in a bull market. Even if it's just higher gas fees rather than total downtime, Internet Computer works so much better than Immutable X that it's ridiculous.
The dying and the disappointing
The next one is MultiversX. To me this is a dying project that is going absolutely nowhere. It was a metaverse blockchain, and there are so many metaverse blockchains. Again, technologically, Internet Computer is in a much better position to do metaverse stuff, and I think it's going to be tough. This one has a long way to fall.
EOS: I've said since the ICO in 2017 that I did not like this project and that it wasn't going anywhere. People got mad when it pumped from a dollar to twelve dollars, but I just had to wait, and look, it's at 53 cents. I told you so six years ago. If you didn't catch the pump and immediately unload, this has been a massive disappointment, as have most cryptos. This is just going to keep going down.
Tezos is a disappointment too. I like the founder, I watched the videos, and I researched this one a bit. But there's a game that launched on it that is a perfect example of Tezos: a trading card game where they put all this effort into it, hyped it up, marketed it, and launched it, and then they took the game offline because it was too expensive to run and almost nobody was playing it, all within a month or two. That sums up Tezos. Not enough activity. It's just another layer one that's going to get forgotten along with a bunch of these other ones.
Theta Network is built as a streaming content-creation platform. The user adoption is awful, and it's not on-chain either, so it doesn't have any real value to offer for using it. I don't see why you'd use Theta Network, and given that I've researched this one a bit more and did a video on it, this one is just going to go down from here.
My picks: winners, safe holds, and the losers
So to me, the biggest winners: if you just want safe options that aren't going to go down that much, Bitcoin and Ethereum are probably good bets. If you want something in the top 10 with the most potential, I'd say it's Solana. With strong user data there's Tron. And the things that are going to dump out of the top 10, to me, are XRP, BNB, Cardano, Dogecoin, Polygon, and Polkadot. All of those are going to dump out of here over the next few years.
Down at the bottom, the only one I find exciting is Internet Computer: unmatched technology, so much better than everything else on the market, which is why I've committed to it. Today I thought I'd branch out a little and make sure I talked about these other coins before I forget all of them.
Why holding a token isn't ownership
A lot of these ERC-20s would be more attractive if they moved to Solana, but even on Solana there's still a problem: holding a token does not equal any kind of real ownership or control. If you're on Internet Computer and you're holding a DAO token, then you do have real control, at least if you can get 50 percent or higher votes on a proposal. You can make real changes to the assets that are on-chain, which in many cases is all of them. You could make changes to the website, you could take certain things off. For example, if you had a card game like Gods Unchained, and it was actually on Internet Computer with an Internet Computer SNS, then you could vote on proposals that would distribute the funds or make changes to the game. The developers, if they had less than 50 percent of the tokens, would have to get the community's approval to make changes.
I've done a lot of ICP reviews. The Solana network does crash; Internet Computer has been amazingly reliable.
Do more research, do fewer transactions
Now, a lot of crypto investors are irrational and don't do their own research, so I encourage you to do more research and do fewer transactions. Once you buy something, confirmation bias kicks in, which is exactly why I bought most of these coins. Let me tell you the ones I've bought versus the ones I've never bought. Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Dogecoin, Tron, Polygon, Polkadot, Litecoin: I've bought all of the top 11 there. I've never bought Bitcoin Cash, but I got it from Bitcoin forks. I bought Chainlink, yes. I've even bought Shiba Inu. I've never bought Leo, so that's two I haven't bought. I bought Avalanche, never bought Uniswap, that's three. I bought Stellar, I think I bought Monero, I'm not sure. Ethereum Classic, God, I probably did buy that years ago. Cosmos, Cardano-adjacent stuff, Filecoin, Internet Computer, Cronos. I've not bought Lido DAO. I bought Quant, Aptos, VeChain, but not Optimism or Arbitrum or Casper or Mantle. Near, and what else have I bought, Algorand. I might have bought Render. I bought XDC Network in 2022, I bought Tezos, Immutable X, and MultiversX. So I've bought about half or more of the top 50 at some point, all to trigger my own confirmation bias.
Now, the bull run will definitely mean a pump. But if you look at the previous bull markets, there were only about five cryptos that massively pumped, and most everything else barely kept up with Bitcoin, or had a brief time where it went above Bitcoin and then slumped. One reason I've gone all in on ICP is that I've come to believe if you don't pick the biggest winner, then in many cases you might as well just hold Bitcoin and Ethereum. If you don't pick the altcoin that's really going to go to town, then most of the time your gains are going to be subpar. When you buy ICP at $2, you don't know that yet, but that's my thinking.
Getting a dedicated review
Phantom got requested quite a few times, as did Kaspa, and a couple of people wanted Neo. Phantom isn't in the top 50 right now, is it? Phantom slipped down a bit. If it weren't for Solana I do like a lot about Phantom. Someone asked if you'll get better gains with Moonbeam, and I'd be really surprised if you did.
If you'd like a dedicated crypto review, I'm happy to do a dedicated live stream on whatever coin gets the most votes. Honestly though, I'm not going to just say something's great when it sucks. I'll look at it and give you my real read, and you can guess based on what I've said here that my opinion will often be critical. So if you're really thinking of buying something and you want me to talk you out of it, or you're holding something and you want my honest opinion, the best way to get that kind of ongoing access to me today is to join the Jerry Banfield Family, where I share these reviews and answer what you're actually holding.
Inside the community you get direct access to me and to everyone else doing this research, and it keeps the spammers and scammers out, which is what always ruins open servers for me. That's how I keep the conversation useful. Come do your own research alongside people who are doing theirs, and let's figure out the real winners together.
I am here to help you build wealth
I do not do Patreon or any of that stuff anymore. What I would rather do is just be here for you, and you can always ask me or the community questions directly. I am here to help you build wealth, and I hope to provide value every day. The best way to work with me on that is to join the Jerry Banfield Family, hang out, and ask whatever is on your mind.
Casper versus Zen, and where I think ICP is going
Right now the vote is close between Casper and Zen, so please cast your votes for whether you want Casper, Zen, Phantom, or Neo. Neo would have to get a serious vote to make the cut. We will do a dedicated review right after this on my crypto reviews channel. That channel is dedicated to just reviewing cryptos. Lately I have been doing a lot of videos on the ICP ecosystem, but in the past I did a lot of videos on the crypto ecosystem as a whole and a lot of reviews on individual coins.
The poll is deadlocked, 34 Zen to 32 Casper. On ICP itself, the seed investors are still up around 100x, and I think it could definitely go down more for sure. I do not know, it could go down to two dollars. But the real question is where it ends up, and in my experience of watching these ecosystems, I believe ICP is going to end up in the hundreds of dollars, because there are more things you can do with the token. It has a bigger ecosystem, or at least a bigger potential ecosystem, from being fully on chain.
Now it is 33 to 33, Casper versus Zen. I reviewed Neo years ago and I did not think it was very good. I also did a review of Hedera, and to me I would much rather hold Internet Computer than Hedera. They are almost at the same market cap, and Internet Computer's technology is so much better.
Then Casper suddenly shot up to 38 percent. Either somebody fired up their bot army or the coin genuinely caught fire, because nobody is selling it, even though some of the seed investors are still dumping it. As we wrap up, Casper has surged up to 40 percent, so we will do a live Casper review on the crypto reviews channel.
Where to keep learning with me
If you want the best experience, if you want to be able to chat with me and hang out all day, come join my community. We may do another Zen review, and if you listen to music I would love for you to check that out too. If you want more of my thinking on money, investing, and building wealth over the years, I put a lot of it together in my Crypto Reviews playlist.
Thank you very much for watching today. I really appreciate you being here. Casper gets talked about a lot already, and it definitely does, but let's talk about it some more. I will be back soon on the crypto reviews channel with a live Casper review in just a minute.