Foreign media report that, as the crypto market continues to decline, one analyst believes it is not yet time to confirm a bottom. According to his assessment, Bitcoin may still weaken over the coming months, and the true market bottom has not yet formed.
He noted that during this round of adjustment, many altcoins may struggle to survive the cycle. Rather than chasing high-volatility, low-market-cap tokens, he prefers assets with strong ecosystem foundations, existing institutional participation, and remaining growth potential.
SUI is being compared to early Solana.
In this viewpoint, SUI is listed as one of the key assets to watch. Although the network has recently faced scrutiny due to outages and market sentiment remains bearish, the analyst believes it shares similarities with Solana during the 2022 bear market.
At the time, Solana experienced multiple outages and was severely impacted by the FTX collapse, causing its price to drop more than 95% from its peak. However, Solana gradually repaired its ecosystem and resumed growth, eventually regaining its position in the market spotlight. The article suggests that, as its user base expands and its network continues to develop, SUI may follow a similar path.
Bitcoin and Ethereum remain core assets.
Among major assets, this analyst still views Bitcoin as a relatively stable allocation. He believes that, even if short-term prices continue to face pressure, Bitcoin remains one of the primary assets institutions continue to accumulate and is better suited as a core holding in volatile environments.
Ethereum is also listed as a priority. The main reason is its continued dominance in DeFi, stablecoins, and the tokenization of real-world assets. The article notes that as Ethereum upgrades progress, more financial activity continues to migrate on-chain, solidifying its long-term position.
Solana and XRP attract increased institutional interest
Solana continues to attract attention due to rising ETF demand and expectations of network upgrades such as Alpenglow. Analysts believe these factors are helping to increase market interest in its future performance.
However, in his June priority list, XRP ranked higher, based on factors such as spot ETF inflows, increased institutional adoption, and growing momentum in U.S. cryptocurrency legislation discussions, particularly expectations surrounding the CLARITY Act.
The article also notes that recent tokenization efforts on the XRP Ledger have, to some extent, strengthened the long-term narrative around XRP. Overall, the analyst does not conclude that the market has bottomed out, but believes that gradually building positions in BTC, ETH, SOL, XRP, and SUI during this period of panic may make it easier to capture the relative outperformers in the next cycle.