Prominent crypto lawyer John Deaton has revealed the top ten cryptocurrencies he believes have the best potential for significant growth in the upcoming bull run, including XRP.
In a recent tweet, Deaton invited crypto enthusiasts to share their top ten crypto picks for the next 12 months, a period he believes will be marked by a bullish trend in the cryptocurrency market.
If you had to pick only 10 tokens to own for the next 12 months (as a trade) what are they? Here’s mine:
BTC
XRP
ETH
QNT
RNDR
SOL
KAS
AVAX
HBAR
CSPRWhat am I missing?
— John E Deaton (@JohnEDeaton1) November 22, 2023
Read Also: John Deaton On Ripple Victory: XRP is a Utility Token At Its Core
Deaton’s Top Ten Crypto Choices
Deaton then unveiled his own list of ten tokens that he is confident will experience substantial gains in the coming year. His list includes a diverse mix of established crypto giants and promising newcomers.
Bitcoin (BTC), the pioneer and flagship cryptocurrency, holds the top spot on Deaton’s list, reflecting its unwavering dominance in the market.
XRP emerges as Deaton’s top choice among alternative cryptocurrencies, followed by Ethereum (ETH), the second-largest crypto and the backbone of decentralized finance (DeFi).
Deaton’s Preference for XRP over Ethereum (ETH)
Deaton’s ranking of XRP above ETH signals his growing preference for XRP over the second-largest crypto. Earlier this month, Deaton disclosed that he had reduced his involvement with Ethereum in his investment portfolio.
In a post, Deaton stated that in 2021, he held four times more ETH than XRP. However, as of November 2023, Deaton revealed that he now holds a significantly higher amount of XRP than ETH.
This strategic shift stems from his strong conviction that XRP is poised for substantial growth as a leading contender in the cross-border payments sector.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: XRP To Reach $10,000 or Attain Ethereum Valuation? John Deaton Has This To Say
Other Tokens on Deaton’s Bullish List
Quant (QNT), a crypto project focused on blockchain interoperability, occupies the fourth spot on Deaton’s list. Render Token (RNDR), a project specializing in decentralized graphics rendering, follows closely behind. The digital token aims to revolutionize the digital content creation industry.
The pro-crypto attorney also expresses confidence in Solana (SOL), a prominent crypto project alongside XRP and ETH. Other digital assets featured on the list include Kaspa (KAS), Avalanche (AVAX), Hedera Hashgraph (HBAR), and Casper (CSPR).
Investor Caution Advised
While Deaton’s insights offer valuable perspectives on potential crypto winners in the next bull run, it is crucial for investors to exercise caution and conduct thorough research before making any investment decisions. Predicting the performance of specific assets within a given timeframe remains a challenging endeavor.
Investors should carefully consider their risk tolerance, financial goals, and overall investment strategy before allocating funds to any cryptocurrency.
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