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Ran Neuner’s Picks: Altcoins Poised for Success in Bull Market
- Popular crypto figure Ran Neuner sees narrative and sentiment driving altcoin success in the coming bull market.
- He suggests that traders should be comparing price movements against BTC, not USD, for a clearer picture.
- Solana, ImmutableX and Injective are the three altcoins Neuner believes have compelling narratives moving into the next bull run.
Popular crypto trader and entertainer Ran Neuner (who runs the Crypto Banter channel) has made several predictions about top performers set for success in the next bull market. Although there is a lot of debate among the community about whether the current market is set for a longer-term uptrend, or if the current rally is just a part of the bear market cycle, Neuner suggests that there are a few altcoins that may perform well in the near future regardless.
Narrative Drives the Price
The crypto industry has evolved a lot since its early days, when many of the projects were accused of (or simply didn’t) actually do anything. However, it is still an industry fuelled by speculation, something that’s especially true of altcoins. Therefore, Neuner argues that identifying the narrative and sentiment around a crypto early can help traders find winners before they explode. He also stresses the importance of comparing price action to Bitcoin, rather than USD, to get a clearer picture of each coin’s narratives.
Neuner mentions that there is a prevalent story surrounding strong-performing altcoins like:
- Solana (DeFi growth)
- ImmutableX (GameFi)
- Injective (Ecosystem growth)
He emphasises that the narratives around these projects – especially Solana – are so strong that they are likely to continue pushing the altcoin’s prices forward in the medium and long term as the bull market enters its next phase.
Neuner points out massive ecosystem growth among both Injective and Solana, particularly citing SOL’s recent “flippening”, where on-chain volume for the protocol was higher than Ethereum for the first time in the blockchain’s history.
He also points out Injective’s impressive fundamentals, with on-chain staked tokens increasing by 59% while the network still offers a reward rate of around 19% despite higher congestion. This suggests that more users could flock to the Layer-1 chain as it matures, causing a price hike over the coming bull run. The INJ token is up by over 40% in the past week alone.
Author
Ben Knight
Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.
