After the SEC vs. Ripple Lawsuit, XRP price has been moving sideways. Without volatility, investors will likely look for XRP rivals with higher growth potential, allowing them to turn their portfolios from $1,000 to $10,000. This article outlines six such cryptocurrencies.
6 XRP Rivals With Potential To Turn $1,000 to $10,000
Here are the 6 XRP Rivals with huge potential in the upcoming bull rally that could help investors grow their holdings.
Solana (SOL)
Polygon (MATIC)
TRON (TRX)
Stellar (XLM)
Cardano (ADA)
Toncoin (TOM)
Solana
Built using the Proof of History (PoH) technology, Solana can transfer 65,000 transactions per second (TPS). Although this altcoin saw a massive selloff after the FTX collapse, the comeback of SOL since 2023 is nothing short of a miracle.
The connection between Solana and FTX founder Sam Bankman Fried, which was the reason for Solana’s downfall, eventually became the reason for its success. As a result, SOL surged by 2,527% between late December 2022 and mid-March 2024. This historic rally could be the start, considering the recent near-six-month consolidation that SOL price has slipped into.
The bull flag continuation pattern forecasts a breakout from the sideways movement could propel SOL by 1127% to $1,348, making Solana a prime XRP rival.
SOL/USDT 1-week chart
Polygon
From its All-Time High (ATH) of $2.923, the Layer 2 token has plummeted 88%. Since March 2024, MATIC price has shed nearly 70% of its value. Due to this massive collapse in Polygon’s market value, investors can buy this top altcoin at a discount.
Additionally, data from Santiment shows Polygon’s on-chain activity has shown an incredible uptick in the past few weeks. The spike in network growth coupled with daily active addresses reveals an inflow of new investors, aka capital, and a resurgence in existing investors. This development suggests Polygon price is ready for a takeoff by ending its near-three-year old consolidation range.
MATIC Network Growth, Daily Active Address
TRON
TRON is another key cryptocurrency that has stolen the spotlight in recent days. This development can be attributed to the founder Justin Sun, who has triggered a meme coin migration frenzy from Solana to the TRON ecosystem via the SunPump platform.
This development has caused a massive uptick in TRON fundamentals, a key XRP rival. If such value accrual updates are consistent, TRX price could propel higher, allowing investors to turn their investment in TRX from $1,000 to $10,000.
TRON forms an Adam and Even pattern that forecasts a 62% rally in the near term to $0.1971. As mentioned above, TRX could rally much higher if this outlook continues.
TRX/USDT 3-day chart
Due to their strong fundamentals, these cryptocurrencies could turn $1,000 to $10,000.
Stellar
The key reason for this cryptocurrency being an XRP Rival is the involvement of an ex-Ripple employee developing the Steller blockchain, a competitor of Ripple. This altcoin has remained unfazed despite multiple bear markets and will likely explode on the news that XRP is not a security.
XLM price trades at $0.009, a much higher discount than its rival XRP, making it a good investment. The upcoming bull rally could propel XLM price to retest the ATH at $0.798.
XLM/USDT 3-day chart
Cardano
Cardano whales have been actively accumulating over the past mid-2022. Wallets holding between 100K to 1M and 1M to 10M ADA have increased their balance from 5.67B and 5.57B to 6.02B and 5.7B, respectively.
This massive scale of accumulation shows that whales are anticipating a surge in Cardano price in the near future. ADA being an XRP rival, therefore, makes a good investment that could help turn $1,000 to $10,000.
ADA Supply Distribution
Toncoin
Toncoin is the recently launched meme coin on the Telegram-linked TON blockchain. This coin has witnessed massive volatility due to the connection with Telegram founder Pavel Durov’s arrest. Since this is a newly launched cryptocurrency and an XRP rival, it has a higher chance of soaring.
TON price hit an ATH of $8.28 on June 14 and shows that it could rally even higher, especially if Durov is released with a clean bill, allowing this XRP rival to shoot into the stratosphere.
TON/USDT 1-day chart
All in all, SOL, MATIC, TRX, ADA, XLM, and TON are the 6 XRP rivals that show huge promise of helping investors turn their investment of $1,000 into $10,000.
The post Turn $1,000 Into $10,000 With 6 XRP Rivals appeared first on CoinGape.
