Altcoins
XRP Vs DOGE: Which Altcoin To Hold Up To $1 In 2024?
We are almost halfway through 2024 and some cryptocurrencies have shown excellent performance, such as Bitcoin and PEPE, resulting in huge gains for traders. But some missed the bullish rally, such as XRP and DOGE, despite having immense potential.
Both Ripple’s native token and Dogecoin have growth potential as they are among the top ten largest cryptocurrencies and have performed very well in the past. So, is the hype around XRP and DOGE dead? If not, which altcoin to hold up to $1? Let’s talk about it in this blog.
XRP Price Analysis
Continuing his slow performance, the XRP Price it is around its lowest values. It is currently trading at $0.5297 with a market capitalization of $29.3 billion, which places it in seventh position on CoinmarketCap. In its ten years of presence in the cryptocurrency industry, XRP has had its share of ups and downs, where the price has risen to a high of $3.84 and a low of $0.002802.
XRP had a fair amount of value in the market until 2022, when the Ripple vs. SEC the legal battle also began, gradually decreasing the price of this altcoin over the years. However, for the past two years, the value has been capped at $0.5, with its highest high of $0.718 in March 2024.
With better results in legal battles and anticipation of the next altcoin season, XRP could rise to $1 in the coming days.
DOGE price analysis
Just like XRP, DOGE has also been part of the cryptocurrency industry for ten years. That’s what actually built the hype around meme coins and gained acceptance from multiple celebrities. As of now, the Dogecoin price is at $0.1658, which is positive as it gained good momentum early on and continues until now.
In its ten-year period, DOGE has reached highs of $0.7376 and lows of $0.00008547. Despite being a low-value meme coin, demand for DOGE has increased among investors, pushing it to eighth place on CoinmarketCap with its market capitalization of $23.9 billion, challenging XRP.
With dog-based meme coins expected to rally, the price of Dogecoin is expected to rise as high as $1.15 this year.
Which Altcoin between XRP vs. Will DOGE keep up to $1?
XRP and DOGE are among the most popular cryptocurrencies due to their unique qualities and price performance over the years. By the way, Dogecoin has a better growth rate than XRP. It is because the price of XRP has only increased by 8.915% over the years, but Dogecoin has increased by 29.694%.
Furthermore, Dogecoin has a lower value than XRP but still has strong competition. Once Dogecoin price reaches $0.20, it can move forward into the top ten of the chart, making it superior in this discussion.
However, XRP is closer to $1 and has a history of rising to $3.84, making it the best choice to hold as it is more likely to go above $1.
Overall, both of these altcoins are perfect for any investor’s portfolio as both have the potential to rise by $1. However, to hold the cryptocurrency and see it rise above the $1 mark, XRP is a better option. This is because Dogecoin carries a larger total supply and is trend-dependent, making it an unstable cryptocurrency compared to the Ripple token.
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