 | Hi everyone, Yesterday Forbes made an article about the top 10 crypto investments for May. First of all this is a bit late since we're almost in June. Secondly I saw Tether in it. Since Tether is a stablecoin it's very strange to put it in a top 10 crypto investment list. Their top 10 crypto investments for May are:
What they wrote about Tether exactly: They write about Tether being a stablecoin, but they still think it's a good crypto investment for May. Now they say that Tether is favored by investors who are wary of the extreme volatility of other coins, but that's crypto in general right? The only argument I can think of is that people that live in countries with hyperinflation 'invest' in USDT to not lose value over their money, but that's also possible if you just convert to US dollars. In my opinion it's very lazy journalism. Because they almost copy past the top 10 cryptocurrencies by market cap and put it in the article just to have one. The current top 10 in market cap: As you can see they only left out USDC, DOGE and MATIC from the current top 10. And they replaced it by DOT (rank 13), LTC (rank 12) and AVAX (rank 17). What do you guys think? Is this some lazy journalism or lack of knowledge? Thanks for reading! ChemicalGreek Sources: 1) https://www.forbes.com/advisor/in/investing/cryptocurrency/top-10-cryptocurrencies/ [link] [comments] |
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