Cryptocurrency tokens have become a popular investment choice over the past decade. However, as with any investment, not all tokens are created equal. Some tokens have performed well in the past, but may not be the best choice for investment today. In this article, we will discuss some of the tokens that investors should consider getting rid of in the current market.Shiba Inu (SHIB)Shiba Inu gained popularity as a meme token following the success of Dogecoin. However, the token’s popularity does not necessarily translate to a good investment. The Shiba Inu token has experienced significant price fluctuations in recent months, with the value of the token plummeting by more than 50% in a single day in May 2021. Additionally, the token has no real-world use case, and the team behind the token has not provided any clear roadmap for the project’s development. Given these factors, investors may want to consider selling their SHIB holdings.SafeMoon (SAFEMOON)SafeMoon is another meme token that gained popularity earlier this year. The token’s unique feature is a 10% transaction fee, with half of the fee distributed to existing token holders and the other half burned. However, the token’s value has been extremely volatile, with the price dropping by more than 90% in just a few months. Additionally, the token has been the subject of controversy, with some experts labeling it a scam. Given the token’s lack of real-world use case and its controversy, investors may want to consider selling their SAFEMOON holdings.TRON (TRX)TRON is a blockchain-based platform that aims to create a decentralized internet. However, the platform has been plagued by controversy, with some experts questioning the legitimacy of the project. Additionally, the platform has faced legal issues, with the SEC accusing the platform’s founder of conducting an unregistered securities offering. Given the controversy surrounding the project and its legal issues, investors may want to consider selling their TRX holdings.Ripple (XRP)Ripple is a payment protocol that aims to provide a faster and more efficient way to send money globally. However, the platform has been the subject of controversy, with the SEC accusing the platform’s founders of conducting an unregistered securities offering. The legal issues have had a significant impact on the value of XRP, with the token’s price dropping by more than 60% in just a few months. Given the legal issues surrounding the project and the uncertainty around its future, investors may want to consider selling their XRP holdings.BitTorrent (BTT)BitTorrent is a token used on the BitTorrent network, a peer-to-peer file-sharing platform. While the platform has a large user base, the token’s value has been extremely volatile, with the price dropping by more than 50% in just a few months. Additionally, the platform has faced legal issues, with some experts questioning the legality of the platform’s file-sharing activities. Given the platform’s legal issues and the volatility of the token’s value, investors may want to consider selling their BTT holdings.In conclusion, not all tokens are created equal, and some tokens may be a better investment choice than others. The tokens discussed in this article have experienced significant volatility and controversy, making them less attractive investment options in the current market. Investors should carefully evaluate the risks associated with any investment before making a decision, and consider seeking advice from a financial advisor before investing in any cryptocurrency.
