4️⃣ Top 4 XRP Rivals With 10x Potential by December 2024
Of late, this token has been touted as the Solana killer and has a huge potential for rallying due to the narrative. Ideally, top altcoins tend to shoot up due to the popular narratives among investors.
In addition to the Solana-killer title, SUI could also be considered an XRP competitor due to the fast transaction speeds and low fees—the only hindrance to this project is on-ramping, which many consider to be a drawback. However, in dire times, narratives drive prices higher despite lacking fundamentals.
Telegram-based Toncoin is a token that has climbed the popularity charts. One of the main reasons for TON’s recent success is the arrest of Pavel Durov, Telegram founder in France. In addition to being touted as a Solana-killer due to its low fees, functionalities, and ability to onboard retails via Telegram, a popular messaging application, makes it one of the best competitors to XRP.
The integration into Telegram has attracted $729 million USDT to the platform, according to data from CryptoQuant. Furthermore, with the availability of Decentralized Exchanges, a massive spike in peer-to-peer transactions, and Durov’s privacy focussed notion.
Cardano was one of the first Ethereum-killers, but of late, ADA has faced slack from the community due to lack of upgrades. Regardless, the delays in project-based updates have never held price back. Between October 2023 and March 2024, Cardano price shot up 283%, showing that this token has performed better during bull runs than most of its peers. As a result, Cardano is one of the best XRP rivals on which investors need to keep a close eye.
The last XRP rival is Dogecoin, the original and top meme coin. DOGE has played a pivotal role in shaping crypto markets and its participants. Over the past few weeks, this dog-based cryptocurrency has been sliding lower in a tight range. A breakout from this falling wedge formation could result in a 40% move to the upside.
