Ran Neu-Ner, owns Onchain Capital. He is also the host of the show Crypto Trader around CNBC. He recently listed his favorite and least favorable cryptocurrencies. We will today call to some of his recommendations and also highlight the cryptocurrencies which you should actually keep away from.
He is actually an early investor in Bitcoin. Currently, however, he believes that Bitcoin will rise only slowly. Therefore, if you are able to find cryptocurrencies which can provide you with higher returns, you can exit from Bitcoin.
He also stated that Bitcoin Cash can increase significantly. It is almost doubled from the lows of $ 700 which it created in the month of April. According to him, Bitcoin Cash still holds a lot of potential.
He also believes that investors should be invested in Ethereum for sure. This will ensure that investors are able to capture the upside in Ethereum easily. The blockchain of Ethereum is much more widely used. This is the reason why Ethereum is actually so popular. Also, since the blockchain is being used by multiple stakeholders, Ethereum is becoming more and more popular.
He’s significantly negative on ripple. He thinks that Ripple will continue to go down. Also, he’s not able to find a proper test case for ripple. That is why he thinks that it is not worth holding ripple. He is suggesting a sell for ripple.
Thus, if you’re looking to start investing in cryptocurrencies, these are the few recommendations you can go by. You need to always keep in mind that whenever you are investing in any cryptocurrency, it is important to research about the cryptocurrency by yourself. Only when you are able to research about the cryptocurrency, you will realize whether the fundamentals of the cryptocurrency are strong or not. Only when the fundamentals of the cryptocurrency are strong, you can be sure that you will be able to get a significantly higher return for the cryptocurrency. Otherwise, it is a good idea to avoid cryptocurrency altogether. You have to always be very selective when investing in cryptocurrencies so that you are able to invest in the best deals which are on offer.
As an investor, you should always conduct your own research as well before investing in cryptocurrencies. Only when you are able to conduct the research and the strict due diligence, you can get the good idea regarding the type of cryptocurrencies in which you should invest.