NFT Founder Reveals Top 5 Crypto Picks for This Bull Run

Karan, the founder of NFT project Alpha Husky Club, has disclosed the top five cryptocurrencies in his crypto investment portfolio for this bull run.

The crypto community is looking forward to the second phase of this season’s bull rally and notable numbers continue to disclose the crypto assets they hold position yourself in a growing market. Karan has joined the list of commenters who have shared information about their crypto wallets.

At the peak of its holding is XRP, the seventh largest crypto by valuation. XRP is the only crypto asset among the top ten market assets that Karan holds for this bull run. The other assets comprising its portfolio are small-cap crypto projects.

Specifically, the crypto influencer owns Flare (FLR), WadzPay (WTK), Hedera (HBAR), and Algorand (ALGO).

Notably, Karan did not specify what motivated his choice of these assets. Still, it can be inferred that their current and past performance, as well as their unique role in the blockchain industry, likely influenced his decision.

The arguments in favor of holding XRP

For example, XRP remains a favorite asset in the crypto scene given its usefulness in payment and settlement transactions. Additionally, during the 2017/2018 bull season, XRP was one of the best performing assets as it generated 750X returns in less than a year for holders.

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This impressive story is often used by analysts to forecast XRP’s potential for the current season.

However, XRP’s more recent price history has been disappointing, dampening optimism about its potential this season. For example, during the first phase of this season’s bull rally, XRP was outperformed by 61 assets among the top 100 tokens by market capitalization.

Nevertheless, market observers believe that XRP’s moment has not yet arrived, as in the 2017/2018 season, when its explosive surge came at the very end of the bull frenzy.

The arguments in favor of holding FLR, WTK, ALGO, HBAR

Meanwhile, Karan’s other two assets, FLR and ALGO, are performing equally poorly.

FLR is down 13% over the last 30 days. Investors who have held this token since last year are currently holding it with a gain of 0.14%, essentially at zero profit. Conversely, those who have held FLR since its launch in 2023 have suffered losses greater than 65%.

Similarly, early investors in ALGO suffer a more staggering loss of 94% with the asset price at $0.1794. Meanwhile, those who bought ALGO a year ago made profits of just 6.5%.

On the other hand, WTK and HBAR, which Karan holds for the next bull run, are notable performers as of late. HBAR preserves positive gains over its seven-day, 30-day, and one-year periods. Likewise, WTK maintains a more substantial gain of 164% since last month and a return of 229% since last year.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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