Would you hold this coin?

Would you hold this coin?

By Geekcoin | geekcoin | 2 Dec 2021



There is a insanely popular coin with long history of underperfomance in the market, but still highly sought after. 

Fundamentals look bad;

  • 21 trillion in circulation
  • Estimated ($1.6 to $4 trillion) annually is connected with money laundering and illicit activity
  • No cap in supply, over 25% more minted in last 12 mths
  • 30% of these are controlled by 1% holders
  • The last 10 years performance looks like this

10 year chart

  • APY if you stake/lend is approximately 0.25% 
  • Relatively easy to mine/farm - but returns differ greatly 

 

Comparing it with Bitcoin; 

  • 1 trillion market cap as of 1st Dec 21
  • Circulating supply of 18,888,500 BTC coins

  • Max. supply of 21,000,000 BTC coins

  • The last 10 years performance looks like this

10 year chart

  • APY if you stake/lend is approximately 4% 
  • Relatively difficult/expensive to mine 

Which one would you rather hold?

Coin 1 = US Dollar

 

 

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geekcoin
geekcoin

New to crypto, lifelong geek

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