The cryptocurrency market is brimming with positivity as Bitcoin touched a new all-time high of $93,477 this week. The broader financial markets are soaring in the charts after Trump reclaimed the White House early this month. Leading altcoins are currently at their yearly highs, and analysts predict that the bull run has just started. XRP and Dogecoin are among the top-performing cryptocurrencies that skyrocketed in the charts in November.
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While Dogecoin soared more than 300% in a month, XRP shot up 50% during the same period. Both cryptocurrencies are among the most sought-after assets as investors are hopeful they could rally further. In this article, we will explain which cryptocurrency could move upward from here and where you should invest your money.
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XRP or Dogecoin? What Should You Buy?
Source: Watcher.Guru
According to the latest price prediction from CoinCodex, buying XRP now could be more beneficial than investing in Dogecoin. The on-chain metrics and price prediction firm estimates that Dogecoin has reached its peak and could cool down in the charts. It tripled investor’s money in a short period and its rally could be stunted due to sell-offs and profit bookings.
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On the other hand, XRP could move further up in the indices as investors are aiming for the $1 mark. The hunger from Dogecoin has been satiated while XRP is still open. The price prediction firm has forecasted that Ripple’s native token could rise by another 30% in the next two weeks. On the contrary, Dogecoin is forecasted to trade sideways as its price has peaked.
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The forecast estimates that XRP could breach the $1 mark this month and touch a yearly high of $1.07. That’s another 30% from its current price of $0.82. Therefore, an investment of $1,000 could turn into $1,300 if the forecast turns out to be accurate. Therefore, Ripple’s native token could deliver better returns this month than the leading meme coin.
