Altcoins
XRP vs. DOGE: Which Altcoin to Hold Until $1 in 2024?
We are almost halfway through 2024, and a few cryptocurrencies have shown excellent performance, such as Bitcoin and PEPE, generating huge gains for traders. But a few missed the bull rally, like XRP and DOGE, despite their immense potential.
Both the native token Ripple 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? Otherwise, which altcoin to hold up to $1? Let’s discuss it in this blog.
XRP Price Analysis
Continuing its slow performance, the XRP Price is around its lower values. It is currently trading at $0.5297 with a market cap of $29.3 billion, placing it at the 7th position on CoinmarketCap. During its ten years of presence in the crypto industry, XRP has seen its share of ups and downs, during which the price reached a high of $3.84 and a low of $0.002802.
XRP had a decent value in the market until 2022, during which time the Ripple versus SEC a legal battle also began, gradually decreasing the price of this altcoin over the years. However, over the past two years, the value has been limited to $0.5, with its best high of $0.718 in March 2024.
With better results in legal battles and anticipation of the next altcoin season, XRP could reach $1 in the coming days.
DOGE Price Analysis
Just like XRP, DOGE has also been a part of the crypto industry for ten years. This is the one that really created the hype around the coins and has been accepted by several celebrities. From now on, the Dogecoin Price is at $0.1658, which is on the better side, as it gained good momentum in the beginning and continues until now.
During its ten years, DOGE reached highs of $0.7376 and lows of $0.00008547. Despite being a low-value meme coin, demand for DOGE has increased among investors, taking it to 8th place on CoinmarketCap with its market cap of $23.9 billion, challenging XRP .
With the prediction of a rally of dog-based meme coins, Dogecoin price is expected to reach $1.15 this year.
Which Altcoin between XRP and XRP? Will DOGE hold on to $1?
XRP and DOGE are among the popular cryptocurrencies due to their unique qualities and prices over the years. Speaking of which, Dogecoin has a better growth rate than XRP. Indeed, the price of XRP has only increased by 8,915% over the years, but Dogecoin has increased by 29,694%.
Additionally, Dogecoin has a lower value than XRP but still presents tough competition. Once the Dogecoin Price reaches $0.20, it can move ahead in the top ten, making it superior in this discussion.
However, XRP is closer to $1 and has historically risen as high as $3.84, making it the better choice to hold as the chances are higher that it will rise above $1.
Overall, these two altcoins are perfect for any investor’s portfolio, as both have the potential to rise by $1. However, to hold the crypto and see it surpass the $1 mark, XRP is a better option. Indeed, Dogecoin has a larger total supply and depends on trends, making it an unstable crypto compared to the Ripple token.
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