💥⚡ Ran Neuner, a prominent altcoin analyst, has urged his followers to purge their portfolios of certain unworthy altcoins he dubbed “bad tokens.”
Neuner believes that the market will enter a parabolic bull run in the next 60 days, and these altcoins might not have the best price performance. This list notably includes Cardano (ADA), XRP, and Worldcoin (WLD), among others.
Neuner’s critique of Cardano is particularly scathing. He believes that ADA lacks long-term utility, especially in the decentralized finance (DeFi) sector. He highlights several issues, such as the platform’s user unfriendliness and minimal daily transactions.
Additionally, he notes the declining developer activity, which he believes contributes to its diminishing relevance compared to other blockchain networks. Not to mention, ADA is around 85% down from its 2021 all time highs.
Turning to XRP, Neuner’s analysis isn’t any more favorable. He acknowledges XRP’s loyal following but criticizes its decreasing significance in DeFi.
Furthermore, Neuner points out the erratic nature of XRP’s market performance, with spikes followed by rapid declines. This suggests instability and unreliable growth.Moreover, Worldcoin faces even harsher criticism, caught amidst allegations of manipulation and poor tokenomics.
According to data from TokenUnlocks, over 83% of the total supply is locked. This supply will start getting unlocked from July 24, possibly resulting in significant selling pressure.