Goldman Sachs sees most of these going to zero. I have to agree, there is no actual value to any of these things. Bitcoin has proven to be worthless as a currency to buy stuff with. I think in the future one crypto-currency may figure it out but there is going to be lots of skepticism going forward.
Quote:
Most digital currencies are unlikely to survive in their current form, and investors should prepare for coins to lose all their value as they’re replaced by a small set of future competitors, Goldman’s Steve Strongin said in a report dated Feb. 5. While he didn’t posit a timeframe for losses in existing coins, he said recent price swings indicated a bubble and that the tendency for different tokens to move in lockstep wasn’t rational for a “few-winners-take-most” market.
“The high correlation between the different cryptocurrencies worries me,” Strongin said. “Because of the lack of intrinsic value, the currencies that don’t survive will most likely trade to zero.”
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https://www.bloomberg.com/news/artic...o-goldman-says