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Which Cryptocurrency Will Hit $1 First?

March 6, 2024
in Altcoin
Reading Time: 4 mins read
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Which Cryptocurrency Will Hit $1 First?
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Ripple’s XRP token and Cardano (ADA) are among the most popular cryptocurrencies in the market. XRP and ADA are also ranked close, at 7th and 9th, respectively. Moreover, both projects aim to breach the $1 mark once again. But only one can win the race for $1.

Cardano (ADA) has had a more successful week than Ripple’s XRP token. ADA is up 15.3% in the weekly charts, 18.7% in the 14-day charts, and 44.7% over the previous month. On the other hand, XRP is up by 3.6% in the weekly charts, 8.8% in the 14-day charts, and 19.7% over the previous month.

However, both assets have faced a similar correction in the daily charts. XRP is down by 6% in the last 24 hours, while ADA is down by 6.3% in the same time frame.

Source: CoinGecko

Also Read: Cardano Inches Closer: Only 28% Away From Reaching the $1 Milestone.

Cardano or Ripple’s XRP: Which will hit $1 first?

Ripple's XRP token and Cardano (ADA) are among the most popular cryptocurrencies in the market. Which coin will hit $1 first?
Source: Morningtick.com

According to Changelly, Cardano and Ripple’s XRP will breach the $1 mark in May 2025. While XRP could hit a maximum price of $1.03 in May 2025, ADA could reach $1.07 simultaneously. Moreover, XRP could hit a maximum price of $1.43 in 2025. On the other hand, ADA could reach a peak of $1.70 in 2025.

Telegaon, however, is more bullish on XRP and Cardano (ADA). The platform anticipates both assets to breach the $1 mark this year. The platform anticipates XRP to hit a maximum price of $2.28 this year. Moreover, the platform predicts ADA to reach a high of $2.15 in the same time frame.

Going by Changelly and Telegaon’s predictions, Cardano (ADA) and Ripple’s XRP token may breach the $1 mark at the same time. Both assets are popular and have dedicated communities. While XRP is used more for cross-border transactions, ADA is known for its developmental activities.

Credit: Source link

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