Ran Neuner, a prominent CNBC Crypto Trader, has disclosed some of the altcoins he is accumulating as the crypto market awaits a full-fledged bull season.
Neuner made the disclosure in a recent post on X while criticizing some of the choices of crypto market participants in this accumulation stage.
Altcoins CNBC Crypto Trader is Buying
In particular, Neuner noted that he is purchasing Solana (SOL), the fifth most valuable cryptocurrency. Neuner pointed out that while he is bullish on SOL, he finds others’ preference for Hedera (HBAR) misguided, as he views HBAR as having less upside potential.
Notably, amid the nearly two months of bearish performance, Solana preserves over 585% of the gains it has accrued since last year. On the other hand, HBAR has seen a more modest increase of 101% over the same timeframe.
Furthermore, Neuner disclosed Arweave (AR) as one of his current preferred crypto assets for accumulation. In parallel, he criticized the choice of those who would prefer XRP to AR tokens, especially when comparing their performances.
According to market statistics, AR is up by over 501% since 2023. XRP pales in comparison with 18% gains through the same period.
Moreover, the CNBC trader criticized the choice of individuals accumulating Cardano (ADA), suggesting that Toncoin (TON) would be preferred.
I’m buying $SOL.
You’re buying $HBAR.
I’m buying $AR.
You’re buying $XRP.
I’m buying $TON.
You’re buying $ADA.We are not the same.
— Ran Neuner (@cryptomanran) May 12, 2024
Toncoin emerged as an explosive performer in the crypto market in April, cracking the top ten amid percentage growth exceeding 300%. TON first displaced ADA from its position and then knocked out Dogecoin. Now, TON ranks as the eighth most valuable cryptocurrency.
Observing this trajectory, Neuner identified TON among the assets he is accumulating as opposed to ADA. Essentially, the prominent trader is buying SOL, AR, and TON, seeing them in a better light compared to HBAR, XRP, and ADA.
Crypto Community Disagrees
Expectedly, crypto enthusiasts disagreed with Neuner’s recommendation. The critics were largely HBAR enthusiasts who highlighted the Hedera network’s superior features to Solana.
Concurrently, some questioned Neuner’s track record, pointing to past recommendations that resulted in poor investment outcomes. A notable instance involved Terraform Labs’s LUNA token. Neuner had previously encouraged investment in LUNA in mid-2021.
However, LUNA experienced a catastrophic collapse a year later, erasing all of its value and leaving investors with significant losses. This history has led some to scrutinize Neuner’s recommendations with skepticism.