AVOID these 2 dead Altcoins! – Altcoin buzz

AVOID these 2 dead Altcoins! – Altcoin buzz

Most people trust the top 100 altcoins. Big caps feel safe. So many traders chase hype. They buy altcoins that look strong because of their rank, logo or loud fans. But that idea can fool you. In this video I reveal two well-known altcoins that are showing real signs of decline. No guesses. No fear. Real signals in the data. You’ll see weak use cases, waning interest, and warning signs that most investors miss.

This isn’t about doom. It’s about knowing which altcoins to avoid. If you want to protect yourself in a market full of noise, this breakdown will help. These altcoins may look fine today. However, the truth is much less rosy. So why choose these altcoins when there are better options available?

Internet Computer Protocol ($ICP)

Internet computer protocol ($ICP) is a blockchain built by the DFINITY Foundation. It was launched in May 2021. It aims to replace parts of cloud computing. Internet Computer plans this by running apps, smart contracts and data completely on-chain. The goal is to act as a decentralized, scalable internet.

However, since the launch of the $ICP token, ICP has been buried lawsuits. Investors claim that $ICP’s 2021 launch has hurt them. They say insiders dumped huge amounts of tokens early. This caused a fast price crash. Up to 80% within six weeks.

A court case argued that $ICP was an unregistered security sold with little transparency. The case was later dismissed due to timing. However, doubts still exist about the honesty and advantage of insiders. It also raised legitimate concerns about centralization. This is something that ICP will not be able to shake off easily, if at all.

The infinite cloud promise

ICP still faces core limitations that block its “infinite cloud” promise. Developers on the official forum for example, pay attention

  • Strict instruction limits. This makes complex or heavy applications difficult to implement.
  • Memory limits. ICP works with canisters. They have limited memory up to a limit of 4 GiB. There is “stable memory” up to 500 GiB. However, this also entails costs, complexity and limitations.
  • Fixed subnets. This limits economies of scale and weakens shared security.
  • Message-sized ceilings. Each block can contain a maximum of 1,000 messages,
  • Bottlenecks in storage. This causes slow performance, higher costs, and complex architectures for real apps.

These limitations prevent ICP from operating as a truly borderless on-chain computing platform. ICP promised “cheap, infinite blockchain compute” for developers. However, prices may be more expensive than previously promised.

Building complex apps on ICP still requires specialist knowledge. This can deter regular developers or teams used to conventional cloud environments. They will look for other options. This may also explain daily active users on ICP. That number is just 4.8k, according to Artemis. And no matter how you look at that number, it’s not good.

Sustainable adoption and actual use cases

There is also a lack of real, sustainable adoption and actual use cases. ICP aims to host complete applications on-chain. That is with front-end and back-end dApps. However, many observers wonder whether there is actually demand.

A change in this could be the launch of the Caffeine app. This is ICP’s new AI tool that builds Web3 apps based on simple prompts. It created a hype because it makes app creation easy and fits with ICP’s dream of a self-authoring internet.

However, critics and ICP founder Dominic Williams note that caffeine still relies on centralized sharing. That’s clearly not good. ICP’s “decentralized cloud and AI” promise has not yet been fully realized. Its actual adoption is also low. The technical limits of ICP also remain. There still hasn’t been much progress here. It’s a hopeful sign, not proof of a real turnaround.

Altcoins ICP

Source: Venturebeat

Tokenomics

Looking further into the tokenomicsthey aren’t the best either. I have already discussed the price crash after the TGE. Another thing to consider is that $ICP has an unlimited offer. I’ve never been a fan of this kind of tokenomics.

The current one $ICP price costs $4.08. It saw a 3x within a week, reaching $9.29 on November 8. That was with the news about the launch of the Caffeine app. However, this also appears to be a speculative hype or short-term trading behavior. This is not a guaranteed adoption or a long-term change in fundamentals. Looking at everything I’ve discussed today, ICP is not something I would consider.

World Currency ($WLD)

Next on today’s list of altcoins is World currency ($WLD). It is a digital ID and cryptocurrency project backed by Sam Altman. He is the CEO of OpenAI, the company known for creating the ChatGPT and DALL-E platforms. DALL-E creates images from textual descriptions. Worldcoin scans people’s irises with an Orb to create a unique global ID and gives users their token, $WLD. The goal is to be a universal, secure identity system for the AI ​​era.

Regulatory issues

But there is also an immediate problem here. There have been regulatory blowouts and court orders risking closures. Several national authorities have banned or ordered the deletion of iris data. This included ceasing Worldcoin operations. This could result in major market exits and loss of user confidence. Countries that have banned Worldcoin or where it has regulatory issues include:

  • Spain. The AEPD ordered a temporary ban in March 2024.
  • Portugal. The CNPD has ordered a 90-day suspension on biometric data collection effective March 26, 2024. As of today, there has been no official follow-up statement declaring that the ban has ended.
  • Brazil. The ANPD ordered the suspension of operations. This was confirmed after appeal from January 2025.
  • Colombia. This country issued a shutdown order in October 2025.
  • Hong-Kong. Here there was an order subject to penalty in May 2024.
  • Thailand. The PDPA suspended Worldcoin just a few days ago. It deleted 1.2 million records of collected data.

The reasons are very similar in every country. They prohibited the collection and processing of data with minor variations. Germany (and Europe), Indonesia, South Korea and Kenya are also part of this.

Ethical concerns

This brings up the next concern. These are ethical concerns and accusations of exploitation of vulnerable populations. Hong Kong, for example, cited violations of privacy laws. Critics say incentivized sign-ups for irises in poorer countries pose the risk of data exploitation. This can cause reputational damage that will deter partners and users.

So the Orb scans your iris. A unique code is created, a so-called IrisCode. This code proves that you are a real, unique person. However, Worldcoin claims that it does not store your actual eye image. That is what many supervisors disagree with.

The IrisCode links your data to a World ID, your digital identity within the system. Once your World ID is verified, you can receive WLD tokens in the World App. Provided it is legal in your country. So scanning is stimulated, and that’s where there’s a potential problem. Currently you are almost receiving 46$WLD for an iris scan. This is worth about $28 at today’s prices.Altcoins World Currency

Source: Wereldmint white paper

Tokenomics

Unfortunately the tokenomics from $WLD doesn’t look that great. There is a maximum supply of $10 billion WLD. However, since its launch in July 2023, only 23% has been circulating. There will be token unlocks for the first 15 years. So that is until July 2038. After that, there is also the option for an annual inflation of 1.5%. The current one $WLD price is almost 65.5 cents with a market cap of $1.5 billion. Over the past year it has fallen by almost 74%. However, it has a better one DAU (Daily active users) than ICP, almost 30.1k. That’s 6x more.

Still, there are too many potential regulatory and ethical issues for my taste. This seems too risky a project to me.

So, what do you think of these two altcoins? Whether you agree or disagree with my views, let me know in the comments. Also be sure to join our discussion about X And Disagreement.

YouTube video


Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours.

We are not responsible for any losses you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

Copyright Altcoin Buzz Pte Ltd.


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