Better Buy in 2025: XRP (Ripple), Dogecoin, or Bitcoin?

Key Points

  • The total value of all cryptocurrencies hit a record high of $3.9 trillion post-Election Day 2024, driven by Trump's pro-crypto stance.
  • XRP, Dogecoin, and Bitcoin saw significant gains, with XRP up 539%, Dogecoin up 154%, and Bitcoin up 50% since November 5.
  • XRP's potential growth is tied to regulatory clarity, with the SEC lawsuit mostly resolved and a pro-crypto SEC head nominee.
  • Dogecoin's rally is influenced by Elon Musk's support and his involvement in Trump's administration.
  • Bitcoin's rise is supported by ETF approvals, potential government reserve status, and its recognition as a store of value.

Summary

The cryptocurrency market has experienced a significant surge, reaching a record high of $3.9 trillion shortly after the 2024 election, largely due to President Trump's pro-crypto policies. XRP, Dogecoin, and Bitcoin have all seen substantial increases in value since November 5, with XRP leading the pack with a 539% rise. XRP's growth is linked to its potential in Ripple's global payment network, which could benefit from clearer regulations following the resolution of a lawsuit with the SEC and the appointment of a pro-crypto SEC head. Dogecoin's recent rally is attributed to Elon Musk's influence, particularly his involvement in Trump's administration and his support for the cryptocurrency. Bitcoin, with a market cap of $2.05 trillion, continues to gain from ETF approvals and the possibility of becoming a government reserve asset, enhancing its status as a digital store of value. Despite these developments, XRP's utility in Ripple Payments remains speculative, while Bitcoin's fundamentals and institutional support make it a potentially better investment for 2025.

The Motley Fool
January 21, 2025
Crypto
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