Which Altcoins Should You Avoid? Analysts Name XRP and ADA as Potential Laggards

While many altcoins currently lack clear signs of impending explosive growth, analysts have brought to attention several that are poised to lead the bull run

Cryptocurrency analyst Jason Pizzino has highlighted several altcoins that are currently lagging behind in terms of price performance, despite the broader market showing signs of recovery. Among these, XRP and ADA have stood out for their lackluster chart patterns.

Pizzino recently discussed the importance of considering both promising and underperforming altcoins when making investment decisions. He noted that while some tokens are poised to lead the bull run, it's equally crucial to identify those that may be better to avoid.

In his analysis, Pizzino pointed out that XRP has been among the altcoins showing a stagnant price journey. He contrasted this with Bitcoin's strong performance, highlighting the desirability of tokens that are actively moving up.

"There are very few cryptocurrencies that are not leading the recovery at the moment and the first example, according to the analyst, is XRP. He said that XRP has been stagnant for a long time, moving nowhere fast. Such charts are undesirable for any investment journey, whether in stocks or altcoins. He said that one doesn’t want to be in a market that remains stagnant for years, gives a brief burst of energy, and then dies out," the report noted.

Pizzino further elaborated on XRP's price action, noting that it has been declining over the past year. Despite attempts to break out, the token has largely experienced pumps followed by significant dumps. He advised investors to avoid such chart patterns, especially at this stage of the market cycle.

Another token that Pizzino highlighted for its lackluster performance is ADA. He noted that while ADA may still have a chance to show some recovery in a future cycle, it's unlikely to be substantial compared to other tokens.

"Another unfortunate example according to him is ADA, which might see some recovery in a future cycle. It might have a run-up from 30 cents to 90 cents, exciting investors. Meanwhile, Bitcoin has already tripled, going from $20,000 to $60,000. ADA hasn’t matched this performance. While it might have a small pump in a fifth wave, it won’t compare to Bitcoin’s gains," the report added.

News source：https://www.kdj.com/cryptocurrencies-news/articles/altcoins-avoid-analysts-xrp-ada-potential-laggards.html

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