We are almost halfway into 2024, and a few cryptocurrencies have exhibited great performances, like Bitcoin & PEPE, making huge gains for traders. But a few missed the bull rally, like XRP and DOGE, despite having immense potential.
Both Ripple native token and Dogecoin, have growth potential as these are among the top ten biggest cryptocurrencies and have performed very well in the past. So, is the hype dead around XRP and DOGE? If not, which altcoin to hold till $1? Let us discuss that 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, which puts it in the 7th position on CoinmarketCap. In its ten years of presence in the crypto industry, XRP had its share of ups and downs, in which price rose to a high of $3.84 and a low of $0.002802.
XRP had a decent value in the market until 2022, during which the Ripple vs SEC legal battle also began, gradually decreasing this altcoin price over the years. However, in the last two years, the value has been limited to $0.5, with its best high of $0.718 in March 2024.
With better results in the legal battles and the anticipation of the upcoming altcoin season, XRP might rally to $1 in the upcoming few days.
DOGE Price Analysis
Just like XRP, DOGE has also been part of the crypto industry for ten years. It is the one that actually built the hype around the meme coins and gained acceptance from multiple celebrities. As of now, the Dogecoin price is at $0.1658, which is on the better side, as it gained good momentum at the start and continues till now.
In its ten years, DOGE has attained the heights of $0.7376 and the lows of $0.00008547. Despite being a low-valued meme coin, DOGE demand surged among investors, bringing it to the 8th spot on CoinmarketCap with its market capitalization of $23.9 Billion, challenging XRP.
With the prediction of a Dog-based meme coins rally, Dogecoin price is predicted to rise as high as $1.15 this year.
Which Altcoin Between XRP Vs. DOGE To Hold Till $1?
XRP and DOGE are among the popular cryptocurrencies because of their unique qualities and price performances over the years. Talking of which, Dogecoin has a better growth rate than XRP. It is because the XRP price has increased only 8,915% in value over the years, but Dogecoin rose 29,694%.
Also, Dogecoin has a lower value than XRP but still exhibits tough competition. Once the Dogecoin price reaches $0.20, it can get ahead in the top ten rankings, making it superior in this discussion.
However, XRP is closer to $1 and has a history of rising as high as $3.84, which makes it the better choice to hold as the chances are higher for it to go beyond $1.
Overall, both these altcoins are perfect for any investor’s portfolio to carry as both have the potential to rise $1. However, to hold crypto to see it rise higher than the $1 mark, XRP is a better option. This is because Dogecoin carries a larger total supply and depends on trends, which makes it an unstable crypto compared to the Ripple token.
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