As 2024 approaches its end with less than four months remaining, XRP has not enjoyed a prosperous year, experiencing a 12.44% decline year-to-date and falling short of its record price from 2018. Despite positive court updates related to Ripple, XRP has struggled to meet its previous all-time high of $3.40.
While some industry experts foresee significant growth for XRP, other digital assets are emerging as promising alternatives that could potentially yield substantial returns for investors. Solana, for instance, has outperformed XRP, boasting a 32.83% increase this year with expectations of further growth in 2025 and aiming for a market capitalization of $100 billion in Q4 2024 due to its significant linear supply inflations.
On the other hand, Toncoin, the native token of The Open Network associated with Telegram, has surged by 133.41% this year, showcasing bullish momentum even after Telegram CEO Pavel Durov’s arrest. Following Durov’s statement on his arrest, Toncoin saw an 18% rise, and the number of Toncoin addresses continued to rise in September.
In conclusion, Solana and Toncoin present strong potential for investors to achieve substantial profits in the upcoming year, positioning themselves as formidable competitors to XRP. However, the volatility of the cryptocurrency market highlights the importance of conducting thorough research before making investment decisions. Please note that the information provided in this article is not financial advice, and investing always carries risks.
Source: “Two XRP crypto rivals to turn $100 into $1,000 in 2025” on Finbold.