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Coinspeaker Analyst Claims XRP Would Provide Lowest Returns with Highest Risk Renowned crypto analyst Jason Pizzino has raised cautionary flags regarding XRP, predicting it to offer the lowest returns with the highest risk among the top 11 altcoins. In a recent analysis shared on X, Pizzino listed top altcoins, excluding stablecoins and Ethereum, that could potentially outperform Bitcoin while minimizing high-risk trades. Top 11 Altcoins’ Performance Pizzino’s analysis puts altcoins into different categories on how they performed after Bitcoin’s breakout in October 2023, which marked a significant milestone in the altcoin season. Based on Jason Pizzino’s analysis, the top altcoin performers included Solana (SOL) with a notable surge of 180%, indicating strong growth momentum. Other altcoins that showed positive results were Binance Coin (BNB) with a 22% increase, Dogecoin (DOGE) up by 18%, along with Shiba Inu (SHIB) and Avalanche (AVAX) with an uptick of 50% and 63%, respectively. Toncoin (TON) remained flat, while several altcoins posted negative performance, including Cardano (ADA) down 24%, Polkadot (DOT) decreased by 17%, Chainlink (LINK) and Bitcoin Cash (BCH) dropped 21% and 15%, respectively. XRP had the worst performance among the top 11 altcoins, tanking by 55%. In his analysis, Pizzino emphasized the importance for traders to avoid high-risk, low-reward investments, particularly in the late stages of a market cycle. He highlighted XRP as a prime example where the risk outweighs the potential returns, reflecting ongoing uncertainties surrounding the token. The analyst states: “The results as of today suggest that SOL would be the top performer and XRP would provide the lowest returns with the highest risk.” Ripple Struggles Ripple has been entangled in a high-profile legal battle with the US Securities and Exchange Commission (SEC) since late 2020. The SEC filed a lawsuit against Ripple Labs Inc. and two of its executives, alleging…

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Filed under: News - @ May 29, 2024 1:16 pm