Coinspeaker Analyst Claims XRP Would Provide Lowest Returns with Highest Risk
Renowned crypto analyst Jason Pizzino has raised cautionary flags regarding XRP, predicting it to offer the lowest returns with the highest risk among the top 11 altcoins. In a recent analysis shared on X, Pizzino listed top altcoins, excluding stablecoins and Ethereum, that could potentially outperform Bitcoin while minimizing high-risk trades.
Top 11 Altcoins’ Performance
Pizzino’s analysis puts altcoins into different categories on how they performed after Bitcoin’s breakout in October 2023, which marked a significant milestone in the altcoin season.
Based on Jason Pizzino’s analysis, the top altcoin performers included Solana (SOL) with a notable surge of 180%, indicating strong growth momentum. Other altcoins that showed positive results were Binance Coin (BNB) with a 22% increase, Dogecoin (DOGE) up by 18%, along with Shiba Inu (SHIB) and Avalanche (AVAX) with an uptick of 50% and 63%, respectively.
Toncoin (TON) remained flat, while several altcoins posted negative performance, including Cardano (ADA) down 24%, Polkadot (DOT) decreased by 17%, Chainlink (LINK) and Bitcoin Cash (BCH) dropped 21% and 15%, respectively. XRP had the worst performance among the top 11 altcoins, tanking by 55%.
In his analysis, Pizzino emphasized the importance for traders to avoid high-risk, low-reward investments, particularly in the late stages of a market cycle. He highlighted XRP as a prime example where the risk outweighs the potential returns, reflecting ongoing uncertainties surrounding the token. The analyst states:
“The results as of today suggest that SOL would be the top performer and XRP would provide the lowest returns with the highest risk.”
Ripple Struggles
Ripple has been entangled in a high-profile legal battle with the US Securities and Exchange Commission (SEC) since late 2020. The SEC filed a lawsuit against Ripple Labs Inc. and two of its executives, alleging the unregistered sale of digital asset securities totaling over $1.3 billion.
Despite significant legal developments, including a ruling that programmatic sales of XRP do not meet the Howey Test’s third prong, ongoing appeals by the SEC continue to cast a shadow over XRP’s market performance.
Currently trading around $0.53, XRP has seen a modest increase of about 4.54% over the past month. Despite persistent regulatory challenges, Ripple CEO Brad Garlinghouse remains positive about the prospects of an XRP ETF getting approved by the SEC, adding that Ripple and Bitcoin are the only cryptocurrencies enjoying regulatory clarity.
In contrast, BKCM founder Brian Kelly suggested a different trajectory during an interview with CNBC. Kelly highlighted SOL as a potential candidate for the next cryptocurrency to secure ETF approval. He referred to Bitcoin, Ethereum, and Solana as the leading trio of this market cycle.
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Analyst Claims XRP Would Provide Lowest Returns with Highest Risk