Ripple Price Prediction, XRP To Hit $500 in 7 Months? Meme Coins Dogecoin and Pomerdoge Battling for Top Dog Position
The crypto market is very unstable and the price of cryptos like Ripple (XRP), Dogecoin (DOGE), and Pomerdoge (POMD) can fluctuate at any time. Currently, XRP investors are wondering if the token could spark another rally given its latest downtrend. On the other hand, Pomerdoge, a new meme coin with more utility that Dogecoin wants to rival it for the top dog spot.
Ripple Price Prediction, XRP To Touch $500 in 7 Months?
Ripple (XRP) witnessed an impressive surge in the past month, briefly soaring above the $0.83 mark. Notably, the rally came after its temporary victory against the US SEC which increased investor confidence. Unfortunately, the future of XRP may no longer be promising given the recent development.
The attorney’s dismissal of the judge’s ruling regarding XRP not being a security in the SEC Vs Terraform Labs case has caused panic among investors. Currently, XRP is trading at $0.691571, a 1.18% price decline in the last 24 hours.
Fortunately, Shannon Thorp, Wells Fargo’s Treasury Management officer, is bullish on XRP. The executive has predicted XRP to trade between $100 and $500 in the next 4 to 7 months. This prediction translates to a price increase of about 14,200% and 71,400% respectively.
Has Dogecoin (DOGE) Lost Its Position As A Top Meme Coin?
Dogecoin (DOGE) started as a meme coin project in 2013 but has transformed into a widely embraced cryptocurrency over time. However, support from Twitter owner, Elon Musk, and its large community has pushed Dogecoin to great heights.
According to CoinMarketCap, Dogecoin is the 7th largest cryptocurrency in the market. Interestingly, Dogecoin experienced a remarkable rise during the cryptocurrency boom. It soared to $0.7376 at its peak, an increase of over 9,000% from its initial market opening value of $0.017.
Currently, Dogecoin’s value has dropped to $0.076567. Additionally, the meme coin’s market capitalization has dropped by 2.95% in the last 24 hours to $10.7 billion. Yet, investors are hopeful on a future price rally.
Pomerdoge (POMD) To Surpass Dogecoin Due to More Utility
Unlike Dogecoin which has little to no utility and depends on hype, Pomerdoge (POMD) has more use cases. Pomerdoge token holders can stake their POMD tokens to earn a fixed APR of 10%. Meanwhile, VIP holders will be eligible to receive 15% on all staked POMD tokens.
Pomerdoge is an upcoming innovative P2E game that strives to provide gamers with the finest features and rewards. Unlike other P2E gaming platforms, Pomerdoge places a high priority on safety and user security.
It will also serve as a thrilling battle arena where players can compete for enticing rewards. POMD holders will also enjoy a share of the revenues and exciting opportunities to participate in weekly $100,000 giveaways.
They will also have access to Pomerdoge’s upcoming collection of 7,777 unique NFTs, Analysts have an optimistic outlook for Pomerdoge, anticipating a remarkable 17x price surge in the upcoming week. Meanwhile, POMD tokens are currently priced at just $0.007 each, making it an enticing opportunity for investors to dive in.