#crypto #Cardano #XRP #Worldcoin #altcoins #DeFi #blockchain #cryptocurrency
Ran Neuner, a respected figure in the altcoin analysis scene, has recently made headlines by advising his audience to cleanse their cryptocurrency portfolios of what he terms “bad tokens.” These tokens, according to Neuner, are poised to underperform in what he anticipates will be an imminent parabolic bull run within the next couple of months. Among the tokens he advises against holding are some of the cryptocurrency community’s most recognized names, including Cardano (ADA), XRP, and Worldcoin (WLD).
Neuner’s critique of these altcoins is founded on several key observations. For Cardano, he points to a perceived lack of long-term utility within the decentralized finance (DeFi) sector, highlighting issues such as user unfriendliness and low daily transaction volumes. His criticism extends to the declining developer activity on the Cardano platform, arguing that it signals a decrease in its relevance when juxtaposed against other competing blockchain networks. This assessment is given weight by ADA’s price, which is currently down by approximately 85% from its 2021 peak. For XRP, Neuner acknowledges the project’s dedicated community but criticizes the coin for its diminished role and significance in DeFi, overshadowed by newer, more innovative projects. His analysis suggests that XRP’s market performance, characterized by sporadic spikes followed by swift declines, indicates instability and unreliable growth patterns.
Worldcoin, on the other hand, faces even more severe reproach. Neuner discusses allegations of manipulation and concerns over tokenomics, especially with over 83% of WLD’s total supply scheduled to be unlocked starting late July, a move projected to result in considerable selling pressure. Worldcoin’s critique is further bolstered by allegations from crypto investigator ZachXBT, who has labeled it a significant scam of the cycle, implicating venture capitalists and team members from notable entities such as Coinbase and FTX in failing to curb potential price manipulations.
Additionally, Neuner includes other altcoins like Litecoin (LTC) and Algorand (ALGO) in his list for criticism, citing reasons such as declining transaction volumes and high operational costs for Litecoin, and a lack of tangible real-world applications for Algorand. His overarching message seems to be a call for increased scrutiny and discernment from investors, suggesting that not all popular or once-hyped altcoins will fare well in the eagerly anticipated bull run. This analysis extends to other cryptocurrencies like IOTA, Axie Infinity (AXS), and The Sandbox (SAND), highlighting a broader skepticism towards projects that might have lost their former glory or have yet to deliver on their lofty promises.
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