After the completion of the much anticipated Bitcoin halving on April 19, 2024, experts and enthusiasts are all carefully watching how the event will affect the price of assets in the crypto industry. Also, some experts have speculated on the price of Ripple (XRP) and Dogecoin (DOGE) in the coming months.
Ripple (XRP) To Hit $1,000 According To Prediction By Top Crypto Advocate
A prominent crypto community member on X (formerly Twitter) known as JackTheRippler has made a 3-5 digit price prediction for XRP, meaning he believes the coin will increase between the $100 to the $1,000 mark. While this looks like a long shot as XRP currently trades below the $1 mark, JackTheRippler predicted it because of the ongoing legal battle between Ripple (XRP) and the United States Security and Exchange Commission, which is gradually ending.
The crypto enthusiast believes that the final result of the lawsuit could bring about regulatory clarity, paving the way for XRP to gain more adoption in the crypto industry and become the first cryptocurrency legally recognized for cross-border payment in the United States. Another reason why JackTheRippler made this prediction is the upcoming explosion of the tokenization market, which would result in a speculative $50 trillion flowing into XRP through the XRP ledger (XRPL).
Nevertheless, the fate of the Ripple (XRP) network currently hangs on the final court ruling, which could obligate them to pay a hefty fine of $2 billion demanded by the US SEC as penalties for alleged violations of securities laws.
On the other hand, the court could uphold the previous ruling in July 2023 that said XRP is not a security. Either way, the prediction of JackTheRippler shows the confidence many in the Ripple (XRP) community have in the digital asset and its long-term potential once the legal dispute is finally resolved.
Dogecoin Set To Surge To $1 According To Price Analyst
Ali Martinez, a renowned on-chain analyst on his X (formerly Twitter) page, made a price prediction for Dogecoin (DOGE), speculating that it would reach the $1 mark by April 2024. Martinez made this prediction after carefully studying the past price pattern of the coin.
However, crypto community members on X criticized the conservative prediction, with some speculating that the coin could reach $1.50 but not in April. Others aimed higher, pointing to its market cap as a factor that could make it go 6x the price Martinez predicted.
However, Dogecoin (DOGE) currently trades at $0.16 and ranks 8th in the crypto market, according to data from Coinmarketcap. Nevertheless, the speculation of the coin integration into X social media platform as a payment method and the just completed Bitcoin halving is enough catalyst to catapult Dogecoin (DOGE) to the $1 mark and even surpass it.
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