Not to the Moon: The coins that disappointed but can still make it through the crypto winter

Investment should be made wisely, so experienced investors advise keeping several reliable and promising coins in a portfolio. However, many people buy cheap cryptocurrencies in large quantities in the hope that they will grow 10–100 times. The probability is low, but if that happens, it will automatically make the buyer a millionaire. Reddit users told what coins they believe in despite the current disappointment.

The problem is that the coin can go either to the Moon or collapse, and the second thing happens much more often. This is the price of taking interest in lesser-known projects and buying up shitcoins.

VeChain (VET/VTHO)

A blockchain platform that provides B2B solutions for supply chain management, combating illicit products, and simplifying business processes. The project is based on two cryptocurrencies: VeChain (VET) native coin and VeThor (VTHO), which can be used to pay transaction fees.

Coin holders note that VeChain has not worked as an investment. The main reason is that the creators have not improved their marketing front. One user wrote that he lost a quarter when he invested, from $2K to $500, but others still hold the coin and hope for growth.

Although to be fair, it is worth mentioning that there are those who, on the contrary, made money on the coin, especially during the Terra collapse.

Polkadot (DOT)

Native cryptocurrency platform Polkadot specializes in web decentralization. It allows blockchains to work with each other, such as dApps, outside their network. Solves scalability, interoperability, and network security issues. Removes the need for hard forks.

For a Reddit user named SteamPunkPascal, investing in DOT caused a loss of funds. Many say that Polkadot is impressive tech, but the token is quite an inflation, so the price action may not always be great.

A good option would be to learn more about Polkadot, including the wallet and interface.

ONE

This blockchain for dApps seeks to build an open network of nodes managed by the community. Worthwhile are the following benefits of the web:

• security;
• random sharding of states;
• fast consensus with instant termination;
• spectacular PoS and tokenomics.

However, despite the loud words, the coin disappointed many users. The creators had a slogan ONE to $1, but the number of tokens still cannot exceed $0.01.

Those who sold the coin before the bear market were luckier. A user under the nickname Senkoy is one of those lucky people. He didn’t invest in ONE as much as he wanted, but it’s still better than losing money.

LRC (Loopring)

An exchange and payment protocol based on a scalable Layer 2 solution (Ethereum 2.0). It can be used to create high-performance public exchanges on ETH with a standard order-book design using zero-disclosure proofs.

Reddit user Maskedommitment admitted that he couldn’t last holding LRC during a bear market, selling the coin for minimal profit.

Many believe that LRC has a good value proposition and usage options compared to other technologies due to its second-tier capabilities. The hype was much higher than the market value. The asset started at $0.10 and lasted a week to $3. That’s a mighty jump; many users still hold a small amount in LRC, hoping for the best.

Tezos (XTZ)

A blockchain service capable of changing and adapting to necessary conditions through community consensus with minimal network disruption. It supports and runs dApps and smart contracts.

Users are outraged that the token didn’t even pump up enough during the bull market to then collapse 90% all at once. At its peak, the coin was worth $9, which is when it was worth selling, something most Tezos holders regret.

«I feel like such a dumbass not selling then because I was too lazy to get out of bed and thought the price would hold up, and then I kept waiting for another new ATH,” said Reddit user bittabet.

He still managed to get a decent income from the ICO project. However, according to bittabet, Tezos had much more potential. The reason for the collapse was the drama and the ego involved.

$OSMO

The coin of the protocol of the same name. Provides a decentralized coordination method for coin owners to indicate future changes and essential directions needed for the protocol.

The Luna situation influenced the coin. Users are still praising the token as a DEX project with zero transaction fees and the ability to make money on liquidity pools. However, they don’t expect much from OSMO and don’t know if the token will return to its peak value of $9.

In conclusion, when you know why you’re investing in a coin (i.e., it’s now a shitcoin), it makes the market move much more bearable. If you blindly throw money at coins shilled on Reddit, and the price action isn’t favorable, you will have a wrong time.

What coins disappointed you during the bear market? Tell us about it in the comments.