The article argues many altcoins lack a real investment case, citing CoinGecko research that 53% of tokens tracked from mid-2021 through 2025 had failed. Over the 30-day period, XRP Ledger generated just $34,286 in fees, while Ripple earned $7.3 million in reserve income from its RLUSD stablecoin. Ethereum holds $144.6 billion in stablecoins and $50.2 billion in DeFi value locked, and Solana holds $15.9 billion and $5.9 billion, which the article sees as real demand. By contrast, Cardano has $64.9 million in DeFi value locked, Shibarium collected $13.04 in fees, and all Dogecoin fees go to miners. The article concludes Bitcoin, as a scarce asset with no issuer, remains the core holding.
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