XRP Holders’ Lawyer’s Top 10 Cryptocurrency Picks Spark Heated Debate
John Deaton’s Controversial List
Recently, John Deaton, a lawyer representing XRP holders, caused a stir in the crypto community with his top 10 cryptocurrency picks for the next 12 months. The list generated mixed reactions, with many community members offering their opinions on which coins should be included or excluded.
Bitcoin Takes the Lead
According to Deaton, Bitcoin (BTC) claimed the top spot on his list of preferred assets. In addition to Bitcoin, the list includes XRP, Ethereum (ETH), Quant (QNT), Render Network (RNDR), Solana (SOL), Kaspa (KAS), Avalanche (AVAX), Hedera (HBAR), and Casper (CSPR).
Rationale Behind the Choices
The inclusion of these digital currencies is justified by various factors. Bitcoin’s status as the industry leader makes it a solid investment, especially given the potential for a major price surge in the near future. XRP’s selection is based on its unique position as the only token in the U.S. with clear regulatory status and significant utility as a payment token.
Other tokens like Ethereum, Solana, Kaspa, and Render were chosen due to their distinctive use cases, which could contribute to their future performance.
Community Feedback
While many individuals agreed with most of Deaton’s choices, some outliers were identified. For example, one user suggested replacing HBAR with XinFin Network (XDC). Additionally, some commenters expressed surprise at the absence of Stellar (XLM) and Cardano (ADA) from the list, considering the strong fundamentals of these protocols. Stellar is known for its robust payment network, while Cardano has been consistently delivering innovative protocols.
The debate surrounding Deaton’s list reflects the diverse range of promising projects within the crypto industry, offering investors a multitude of options to consider.
