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In a recent altcoin analysis, cryptocurrency analyst Matthew Perry, opened up about his top altcoin picks for the remainder of 2024 and heading into 2025. He dives into his chosen cryptocurrencies and the reasoning behind them.
Perry starts by stressing the importance of having a strategic portfolio that includes coins with both growth potential and long-term viability. He believes in holding assets with staying power rather than just chasing quick gains.
His top pick? XRP. Perry is bullish on Ripple’s native token due to its potential impact on the crypto market and traditional banking systems. Holding a substantial 80,000 XRP himself, Perry sees the ongoing legal battle with the SEC as a significant factor in XRP’s future trajectory.
Next up is Crypto.com Coin (CRO), a utility token with promising growth prospects. Perry holds a significant position of 264,000 CROs across various platforms, betting on its potential to reach $1 to $3 per token.
JASM Coin is another standout in Perry’s portfolio, with a million tokens in his possession. He believes in JASM’s role in the emerging fields of AI and the metaverse, anticipating substantial gains as the project gains traction.
Perry also includes Litecoin (LTC) on his list, believing in its longevity and potential for significant appreciation. He holds $7,000 worth of LTC and envisions it reaching new heights in the next bull run. Other noteworthy mentions include Solana (SOL), Avalanche (AVAX), and Cardano (ADA), all chosen for their utility and potential for long-term growth.
Perry’s portfolio strategy is clear: invest in projects with solid fundamentals, utility, and the potential for sustained growth. While quick gains are enticing, Perry opts for a more strategic approach, focusing on assets with staying power in the ever-evolving crypto landscape.