Opinion: only 5 tokens will survive the next cryptocurrency market crash

Cryptocurrency blogger and CNBC analyst Ren Neuner predicted that only 5 altcoins will be able to survive the next bearish trend in the cryptocurrency market, one of them being XRP.

According to Neuner, only a few cryptoassets will be able to thrive in the face of the next market downturn and uncertainty in industry regulation. The analyst emphasized that large financial companies are increasingly influencing the upward trend of the cryptocurrency market.

According to the CNBC expert, institutions mainly 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 users to choose altcoins for their investment portfolios with caution. «It is important to pay attention to the real utility of a crypto asset and its market viability,» Neuner emphasized, noting that the XRP token has these features.

The crypto analyst believes that in order to «survive» in a bear market, XRP should exceed its previous high of $ 3.3, while bitcoin should overcome the $ 69,420 mark. Cryptocurrencies BNB, ADA, SOL, DOGE, DOT, LTC, and MATIC also have «something to strive for,» Ren Neuner is convinced.

Finbold analysts also believe in the promising future of XRP, and at the end of June, they included the token in the top 3 cryptocurrencies worth less than $ 1 that can grow significantly.