CNBC’s Ran Neuner Revealed 3 Cryptocurrencies He’s ‘Buying’: XRP, TON and Something Else

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As an experienced analyst, I have closely followed Ran Neuner’s crypto picks and insights over the years. In my opinion, Neuner’s latest choices – Solana (SOL), Arweave, and Telegram Open Network (TON) – reflect a well-researched and strategic approach to the evolving crypto landscape.

As a crypto investor, I’m always on the lookout for potential investments. Recently, CNBC’s Ran Neuner revealed his latest crypto picks that he himself is “adding to my portfolio.”

Neuner’s picks explained

Neuner is likely drawn to Solana due to its significant promise in the Decentralized Finance (DeFi) industry and its vibrant meme culture, which amplifies its technological advancements. Known for its swift and affordable transactions, Solana stands out as an ideal choice for creating large-scale applications, particularly during times when the network remains stable.

I’m currently purchasing the cryptocurrency $SOL. Instead, you might say: “I’m in the process of acquiring $HBAR.” or “I’m investing in $AR right now.” or “My funds are being used to buy $XRP at the moment.” or “Currently, I am transacting with $TON.” or “I’m adding $ADA to my portfolio.”— Ran Neuner (@cryptomanran) May 12, 2024

Arweave is a unique decentralized storage system designed to offer permanent data retention. It brands itself as a “community-owned hard drive that never forgets.” This innovative platform enables the development of decentralized applications through its support for the permaweb – a persistent web infrastructure. By ensuring accessibility to data regardless of the original host’s condition and maintaining data integrity over time, Arweave addresses the importance of secure and long-term digital information storage in today’s world.

The reason for Neuner’s attraction to TON may be its seamless connection to Telegram, which is among the most widely used messaging apps worldwide. TON’s extensive integration into Telegram is evident through features like a built-in wallet, trading bots, and other compatible services, making it an intriguing choice with a robust ecosystem backing it.

“Anti-picks”

Neuner generally supports Solana, Algorand, and Tonico, but he recognizes varying opinions among the Crypto Twitter community, including Hedera Hashgraph, Cardano, and Ripple. The poor showing of Ripple, with its -12% growth rate in a thriving market, may be contributing to this sentiment. Although Cardano has robust foundations and flourished in 2024, it holds a less significant position in his investment strategy. He hasn’t disclosed the rationale behind this choice, which prompted supporters of Cardano to defend it vigorously in the comment section.

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2024-05-13 12:00