Cardano vs. Ripple XRP: Which Cryptocurrency Will Hit $1 First? (2024)
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.
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.
Cardano or Ripple's XRP: Which will hit $1 first? 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.
Currently trading at $0.657, the Cardano coin price brings a buying opportunity as it may soon cross $1 and reach the $1.5 mark. Therefore, with a bull run in 2024, Cardano prices are expected to create a new swing high of $2.02.
Cardano has a value of about $2 as of September 2021, while it has a market cap of about $65 billion.Ripple or XRP has a value of about 90 cents with a $40 billion cap. The two currencies have similar price trends, as they will rise and fall in value together in most situations.
Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.
On the price front, Chen anticipates that “ADA will most likely fluctuate within the $US1 to $3 range”, however, she adds that a significant breakthrough in technological progress may drive its value back above $US1 for a sustained period. Like any investment, Cardano comes with its set of opportunities and challenges.
Crypto analyst Ali Martinez, believes Cardano (ADA) might reach $10, echoing the cryptocurrency's past bullish trends. With the total market cap of cryptocurrencies revisiting the $2.5 trillion mark, a level last seen in 2021, Cardano, despite its lagging performance, is showing signs of potential explosive growth.
The investment potential of Cardano depends on several factors, such as individual risk tolerance, investment objectives, and market conditions. Many experts believe Cardano is an undervalued investment with significant growth potential due to its wide range of applications in the coming years.
Will XRP reach $1 any time soon? So XRP should gain plenty of value over time from Ripple's money-transfer operations, and the token also benefits from the market-moving impact of predictable Bitcoin gains. I can't promise that XRP will reach $1 per token in 2024, but the general trend line certainly points upward.
Armando Pantoja, a prominent crypto figure, has expressed optimism about XRP's future. He believes the asset's true value lies between $8 and $20 and predicts it will reach this range by 2026. The $20 target represents a staggering 3,557.6% increase from its current price.
ADA's price might hit $0.93 in 2024 and could circle back to the same point in 2027. The bullish price prediction for 2029 is $2.36. With increasing demand, the price of ADA could change hands at $3.72 in 2030.
The reason why XRP won't ever reach a price of $10,000 is not complicated – the supply of XRP is simply too large. XRP has a maximum supply limit of 100 billion coins.
XRP could surpass the $0.5 resistance level if the bullish momentum continues. Sustained upward movement might drive the price towards $0.7 and reach $1 during the next bullish run. Conversely, if bearish sentiment prevails, XRP's value could stabilize around $0.49.
Cardano's future growth is tied to its roadmap achievements, including the implementation of smart contracts and dApps, challenging Ethereum's dominance. Short-term algorithmic predictions estimate Cardano could reach a new all-time high of $3.19 by December 2024, a 280% increase from current levels.
In this scenario, If the crypto market cap hits $3 Trillion, Cardano could trade around $0.261 in the short term and struggle to surpass $0.870 by 2030 even if the total crypto market cap surpasses the $10 Trillion mark.
The metrics firm has also estimated that Cardano's native token ADA could climb above the $5 mark in 2029. That's another five years from today and is considered a long-term wait. In addition, the prediction estimates that Cardano's ADA could hit a new all-time high of $ 5.21 sometime in 2029.
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