60 out of 100 cryptocurrencies have no working products: ‘Invest in Blockchain’ research

Invest in Blockchain’s has published a new research which provides fresh insight into cryptocurrencies that actually possesses working products. According to the research article on the website,” We researched the top 100 cryptocurrencies (by market cap) in an effort to learn how many of them actually had working products that are providing real value.” The research concluded that only 40 out of 100 cryptocurrencies had actual working products. It can be noted that some prominent cryptocurrencies have managed to escape the list.

Prominent tokens that escaped the list

While some fledgling cryptocurrencies found a place on the list of digital currencies having working products, it excludes some of the top cryptos of the market. Roger Ver’s Bitcoin and Bitcoin cash, Buterin’s Ethereum, Ripple are some of the top digital currencies that got placed on the list. However, Justin Sun’s Tron, EOS, a digital currency which looks at speedier transactions, Cardano, IOTA and the rising star, Ethereum Classic failed to get mentioned. See Also: JD.com, China’s retail giant unveils its blockchain based platform  

Neophytes

The list also contains some new promising digital currencies which have grabbed the interest of the crypto community. Pundi X, a startup which has got much investor attention since its launch is mentioned on the list. Some of the other coins which are got mentioned are an undervalued Bibox token, an ambitious Polymath, Loom Network, who builds dedicated sidechains, Kyber Network and Ardor. Cryptocurrencies like Ardor and Polymath wasn’t in existence a year ago. Its disappointing that when newbies got on the list, top cryptocurrencies on the market which was active in the crypto world for a long time got left out. Image via Shutterstock Join our Telegram group