Despite XRP’s persistent underperformance compared to other major cryptocurrencies such as Bitcoin and Ethereum, recent data from crypto analytics platform Santiment revealed that it remains one of the top cryptos in terms of profitability, ranking in the top 5. According to Santiment’s report, 78.8% of XRP tokens currently in circulation are in profit, indicating that the price is higher now than when these tokens were first issued on the blockchain. However, XRP still lags significantly behind Bitcoin and Ethereum in terms of profitability, with Bitcoin at 98.3% and Ethereum at 95.1%. The cryptocurrency market is up just 73% from its 2022 bear market lows and continues to trade 87% below its all-time highs.
In terms of the XRP price prediction, the long-term technicals of XRP remain uninspiring, suggesting that a near-term catch-up to Bitcoin and Ethereum is unlikely. XRP broke below a long-term uptrend in April and has been trading bearishly ever since. While a surge in Bitcoin and Ethereum prices could potentially benefit XRP, chart analysis suggests that a retest of support-turned-resistance around $0.40 in the coming weeks is likely. Fundamentals also indicate that a pickup in XRP price is unlikely any time soon, as the current crypto bull market favors coins with strong adoption narratives.
Many analysts do not rank XRP among their best cryptos to invest in at the moment, with long-term price predictions remaining bearish. Traders looking for stable, low-risk options may want to consider shifting their holdings from XRP to Bitcoin, Ethereum, or Solana. However, for those seeking larger gains, getting involved in the meme coin market could offer opportunities for significant returns. While this is a riskier strategy with no guarantees of success, one new meme coin called PlayDoge (PLAY) has gained attention for its potential. With play-to-earn utility and a fun mobile-based game, PlayDoge has already raised over $3.0 million in its presale and could be a promising investment opportunity.
PlayDoge (PLAY) is a meme coin that offers play-to-earn utility and powers a mobile-based game. With a presale that has already raised over $3.0 million and a market cap of around $50 million, PLAY could be one of the best meme coin plays in the current cycle. However, investing in meme coins like PLAY is a high-risk endeavor, and there are no guarantees of success. It is essential for investors to conduct thorough research and consider the risks involved in investing in high-risk assets like cryptocurrencies. This article serves as informational purposes only and does not constitute investment advice. Investors should be aware that they could lose all of their capital when investing in high-risk asset classes like crypto.
