Canary Capital CEO Steven McClurg says this year’s market could look different for a handful of tokens that serve real-world, enterprise needs — and he’s pointing to XRP and Hedera as prime candidates. Speaking on Paul Barron’s podcast, McClurg argued that growing focus on tokenization and practical blockchain applications could allow certain protocols to decouple, at least relatively, from Bitcoin’s dominant price action. Rather than chasing speculative rallies, he sees networks with clear utility — payment rails, tokenized assets, and stablecoin infrastructure — as more likely to retain value when speculative momentum fades. McClurg specifically called out the XRP Ledger and Hedera as examples that could benefit from enterprise adoption. He cautioned, though, that investors shouldn’t expect explosive moves: any upside is likely to be modest, “low double-digit” gains rather than dramatic run-ups. His tone on Bitcoin was far more cautious. McClurg said he believes Bitcoin peaked on October 6, 2025 at $126,200 and has since dropped roughly 35% to about $95,800. He warned BTC could fall another 20–30% over the next six to nine months, which would put it in the roughly $65,000–$77,000 range before the current cycle ends. Based on that view, he doesn’t foresee a new all-time high for Bitcoin in 2026 and thinks the market may be entering a deeper correction. Critics and market historians offer a counterpoint: in broad sell-offs, altcoins typically suffer more than Bitcoin as liquidity dries up and risk-off behavior spreads. Even projects with genuine use cases can be pushed down amid a major BTC retracement. In simpler terms, XRP and similar tokens might decline less steeply than Bitcoin and therefore look relatively stronger — but full independence from Bitcoin’s price swings is uncommon and often temporary. McClurg’s typical scenario is relative outperformance rather than outright separation: tokens tied to real-world tokenization could stay flat or post modest gains while Bitcoin weakens. That outcome would still matter for holders and enterprises planning tokenization projects, but it wouldn’t amount to a dramatic price breakout. Featured image: Bitpanda Blog; chart: TradingView. Read more AI-generated news on: undefined/news

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