On an episode of Crypto Banter, cryptocurrency Influencer Ran Neuner commented on the near-term outlook for cryptocurrencies. He predicts that with the next market decline and uncertainty in industry regulation, few crypto-assets will be able to thrive.
Neuner stressed that large financial companies are having an increasingly significant impact on the upward trend of the cryptocurrency market. He explained that institutions mostly use complex financial instruments, such as options and futures, and this may indicate a loss of interest in spot trading.
Given the strong market volatility, Neuner advised investors to carefully evaluate altcoins for their investment portfolios. The analyst firmly believes that the upcoming market cycle will be significantly different from previous ones, so it is extremely important to have a stable position to avoid possible losses. It is important to pay attention to the real utility of the crypto-asset and its market viability. According to Neuner, XRP has these traits.
The cryptoanalyst thinks that in order to “survive” in a bear market, XRP would have to surpass its previous high of $3.3 and bitcoin would have to pass the $69,420 mark. Cryptocurrencies BNB, ADA, SOL, DOGE, DOT, LTC and MATIC also have something to strive for, the analyst said.
“It’s best not to get emotionally attached to your chosen cryptocurrencies, otherwise it can be a serious trap. The market doesn’t care about community affiliation; it only cares about what works and what doesn’t,” the crypto-enthusiast warned.
Neuner is not the only one who believes in the potential of XRP. Last year, former Ripple director of developer relations Matt Hamilton made a bold prediction that XRP would reach $100 in the future.