Ran Neuner Maintains Opposition to XRP Despite Institutional Adoption
- Ran Neuner, host of CNBC’s Crypto Trader, stated he will never invest in XRP, citing its centralization and overvaluation.
- Neuner’s skepticism dates back to a price peak of nearly $3.30 in 2018, after which he criticized the altcoin’s fundamentals.
- The launch of wrapped XRP (wXRP) by Hex Trust on December 12 aims to enhance cross-chain functionality across platforms like Ethereum and Solana.
- Five XRP ETFs have launched recently, gathering nearly $1 billion in funds under management within a month.
- The CME Group has introduced spot-price quotation futures for both XRP and Solana, driven by rising institutional demand.
Despite growing institutional support for XRP, including significant ETF launches, Neuner remains unconvinced about investing due to concerns over its centralization and valuation issues.
Neuner’s firm stance highlights ongoing debates within the cryptocurrency community as institutional interest grows, evidenced by the rapid accumulation of funds in new ETFs totaling close to $1 billion.(Source)
