We are almost halfway through 2024, and some cryptocurrencies have performed well, such as Bitcoin and PEPE, bringing huge gains to traders. But despite their great potential, some cryptocurrencies have missed the bull run, such as XRP and DOGE.
Both Ripple native token and Dogecoin have growth potential as they are among the top 10 cryptocurrencies and have performed very well in the past. So, has the hype of XRP and DOGE died down? If not, which altcoin can hold up to $1? Let’s discuss this question in this blog.
XRP Price Analysis
XRP price continues to rise slowly and is currently trading at lower levels. Currently trading at $0.5297, with a market cap of $29.3 billion, it ranks seventh on CoinmarketCap. In the decade of existence in the cryptocurrency industry, XRP has experienced ups and downs, with prices rising as high as $3.84 and falling as low as $0.002802.
XRP’s value in the market remained good until 2022, when Ripple’s legal dispute with the SEC began, and the price of this altcoin gradually decreased over the years. However, in the past two years, its value has been limited to $0.5, with a peak price of $0.718 in March 2024.
With better results from the legal proceedings and anticipation for the upcoming altcoin season, XRP might rise to $1 in the coming days.
DOGE Price Analysis
Like XRP, Dogecoin has also been in the cryptocurrency industry for a decade. It actually sparked the hype of being a meme coin and has received endorsements from multiple celebrities. As of now, the price of Dogecoin is $0.1658, which is a good price as it gained good momentum from the beginning and has continued to do so till now.
Over the past decade, DOGE has reached a high of $0.7376 and a low of $0.00008547. Despite being a low-value meme coin, DOGE has seen a surge in demand from investors, pushing it to eighth place on CoinmarketCap with a market cap of $23.9 billion, challenging XRP.
With the predictions for Dogecoin’s rally, the price of Dogecoin is expected to rise to $1.15 this year.
XRP vs DOGE: Which altcoin can hold up to $1?
XRP and DOGE are among the popular cryptocurrencies due to their unique qualities and price performance over the years. Speaking of which, Dogecoin has a better growth rate than XRP. This is because the price of XRP has increased by only 8,915% over the years, but Dogecoin has increased by 29,694%.
Furthermore, Dogecoin is worth less than XRP but still presents a stiff competition. Once the Dogecoin price reaches $0.20, it will be able to lead the top ten rankings and thus gain an advantage in this discussion.
However, XRP is closer to $1 and has risen to $3.84 at one point, so it is the better choice as the probability of it breaking through $1 is higher.
Overall, both altcoins are great for any investor’s portfolio as they both have the potential to rise to $1. However, if one wants to hold the cryptocurrency and see it rise above $1, XRP is the better choice. This is because Dogecoin has a larger total supply and, depending on the trend, is a more volatile cryptocurrency compared to Ripple.
