5 Cryptocurrencies Redditors Will Never Buy Again

3. Hedera USD (CCC:HBAR-USD)

Market Capitalization: $1.622 billion

Hedera USD (CCC:HBAR-USD) is the energy-efficient and native cryptocurrency of the Hedera network. The tokens are brought into use for paying application transaction fees and keeping the network safe by employing a proof-of-stake mechanism. The Hedera network allows the creation of powerful DApps.

The Reddit community thinks that the Hedera platform is missing the chance to secure big business deals with companies coming into the non-fungible token (NFT) space. Auto giants like Mercedes and Bentley launched their official NFT on the Polygon network. Instagram, one of the social media platforms under the parent Meta Platforms, Inc. (NASDAQ:META), is also considering integrating NFTs on its platform by employing Ethereum, Flow, Polygon, and Solana. The beverage and snacks giant Coca-Cola Company (NYSE:KO) has launched its NFT on OpenSea. Even the XRP ledger that does not support smart contracts has signed Michael Jordan and Ducati to launch its NFT. Reddit users believe that silence from the governing body in this segment is likely to hurt the value of Hedera USD (CCC:HBAR-USD) and dampen its future prospects.