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CNBC's Ran Neuner has recently unveiled his latest crypto picks, which, as he wrote in his post, he is "buying."
Neuner's picks explained
Neuner has most likely chosen Solana for its great potential in the DeFi sector and its massive meme scene, which adds cultural leverage to its technical progress. Solana is recognized for its fast and cost-effective operations, making it a good pick for building scalable applications — especially when the network does not go offline.
I’m buying $SOL.
— Ran Neuner (@cryptomanran) May 12, 2024
You’re buying $HBAR.
I’m buying $AR.
You’re buying $XRP.
I’m buying $TON.
You’re buying $ADA.
We are not the same.
Arweave: Arweave stands out as a decentralized storage network that aims to provide perpetual data storage. Billing itself as a "collectively owned hard drive that never forgets," Arweave supports the permaweb — a permanent web that facilitates the creation of decentralized applications. This technology not only ensures that data remains accessible irrespective of the original host’s status but also supports data integrity over time, a critical feature in today's digital age.
TON: Neuner’s interest in TON is likely spurred by its integration with Telegram, one of the largest messaging platforms globally. TON is deeply integrated into the fabric of Telegram through various features such as a native wallet, trading bots and other integrated services, making it a surprisingly strong pick with one of the biggest ecosystems behind it.
"Anti-picks"
While Neuner leans toward SOL, AR and TON, he notes contrasting preferences among Crypto Twitter users, such as HBAR, ADA and XRP. We can point to the lackluster performance of XRP, which can be viewed negatively due to its -12% growth rate in what should be a bullish market. Despite ADA’s strong fundamentals and positive performance in 2024, it remains less favored in his portfolio. He has not disclosed the reason for it, which his critique of ADA obviously attracted ADA defenders in the comments quickly.