XRP Vs DOGE: Which Altcoin To Hold Till $1 In 2024?

Ripple (XRP) and Dogecoin (DOGE): Still Undervalued Altcoins?

Approaching the halfway point of 2024, certain cryptocurrencies have performed exceptionally well, including Bitcoin and PEPE. However, some others, such as XRP and DOGE, have missed the recent rally despite their significant potential.

Both XRP and DOGE, being among the top 10 cryptocurrencies and having established themselves in the past, possess substantial growth potential. Therefore, we explore whether the hype surrounding XRP and DOGE is fading or if they remain viable altcoins worth holding until they reach the $1 mark.

XRP Price Analysis

XRP continues to trade at subdued levels around its lower values. It currently stands at $0.5297 with a market capitalization of $29.3 billion, ranking 7th on CoinmarketCap.

Throughout its decade-long existence, XRP has experienced fluctuations, with highs of $3.84 and lows of $0.002802.

Although XRP maintained a stable value until 2022, the ongoing legal battle between Ripple and the SEC gradually depressed its price. In recent years, its value has remained below $0.5, with a brief high of $0.718 in March 2024.

Positive developments in the legal case and anticipation of an impending altcoin season could propel XRP to the $1 mark in the near future.

DOGE Price Analysis

Similar to XRP, DOGE has been a mainstay in the crypto industry for a decade. It ignited the meme coin craze and garnered support from various celebrities.

DOGE currently trades at $0.1658, reflecting its strong momentum since its early days.

Despite its low price, DOGE has shown remarkable stability, with its market cap consistently hovering around $20 billion. It has a loyal community and has gained acceptance as a payment method by several businesses.

Conclusion

While the hype around XRP and DOGE may have subsided, their potential for growth remains. With their established presence and inherent value, both altcoins could potentially rally to $1 in the coming months. However, it is crucial to note that cryptocurrency markets are highly volatile, and investors should carefully consider their own risk tolerance and financial goals before making any investment decisions.