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Last Chance for Crypto Profits? Top Trader Sounds the Alarm
- Ran Neuner suggests the impending crypto bull run, potentially the last of its magnitude, could be monumental for investors.
- He advises creating a personal crypto ETF, emphasising a hold strategy with a strategic exit timeline based on market cycles.
- Neuner forecasts a tenfold increase in SOL’s value, citing its robust fundamentals and recent price surge.
Is This the Last Bull Run Ever?
Ran Neuner, a CNBC crypto trader and founder of Crypto Banter, revealed to his over 650,000 followers on YouTube what US $10k (AU $15.5k) can do in the next bull run. Neuner believes this cycle might be the last significant bull run, eclipsing all that may follow, due to the industry becoming more regulated and the influx of institutional investors.
How to Retire in the Current Bull Market
While acknowledging that most prediction videos fail, Neuner insists that the maths is reliable, alluding to the figures he’s about to disclose.
Drawing parallels to the 2017 bull market, Neuner anticipates another potential pullback that could offer a lucrative buying opportunity. Unlike the previous cycle, which showed massive pullbacks of up to 58%, the current cycle has only experienced corrections of around 20%.
However, investors are cautioned that past performance is not a dependable predictor of future results.
Building a Crypto ETF
As the United States grapples with approving a Spot Bitcoin ETF, Neuner suggests that individuals build their own.
According to Ran Neuner, 50% of any allocated amount should go into “safe bets” like Bitcoin, Ethereum, and Solana. The next 30% should be invested in what one believes could be the next Bitcoin (BTC) or Ethereum (ETH) —be it Solana (SOL), Cardano (ADA), Chainlink (LINK), or Polygon (MATIC).
Next, he recommends dividing 20% of your portfolio into 2% stakes each in smaller, lesser-known cryptos with a market cap not exceeding US $20 Million (AU $31 million).
When to Sell?
Then the magic is to hold – but knowing when to sell is the challenge. Neuner suggests, based on the chart below, that there are 500 days left in the cycle, offering a 30-60 day window to add to one’s portfolio.
SOL to Replace ETH?
Neuner asserts there is potential for a tenfold increase in SOL’s value, backed by solid fundamentals. He praised the Solana blockchain as cheap and fast, with a strong potential for development. Recently, the SOL price has enjoyed a ballistic rise, going from US $23 (AU $35) at the start of October to approx. US $45 (AU $70) on November 2. Data from CoinMarketCap shows that SOL currently trades for just US $39.77 (AU $61.84), which may hint at another entry point for traders.
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
