The Tragedy of the Third Coin

The Tragedy of the Third Coin
There is always the “third coin” in cryptocurrency. This is the rotating coin that occupies the third position in market capitalization behind bitcoin (BTC) and ether (ETH). The third coin is usually characterized as a challenger to the two incumbents. It is favored by new investors and it occupies a centrist position on the cryptocurrency political spectrum.It has been XRP, binance coin (BNB), and more recently cardano (ADA). There are fewer more dangerous positions to occupy than third in cryptocurrency. The only way is down.Paul J. Ennis is an assistant professor in the College of Business, University College Dublin.Just as…