Bitcoin and Ethereum’s recent price surge has shifted investors’ attention towards cryptocurrencies like MINA and XRP, which are trading below $1. While Bitcoin reached $61,700 and Ethereum crossed $3,000, the market sentiment suggests a downward trend due to neutral market sensitivity in the fear and greed index. However, investors are curious about the potential developments in altcoins like XRP and MINA if the market were to recover.
Mina (MINA) Price Analysis:
MINA has been in the cryptocurrency market for over three years. It debuted at $3.26 in April and reached an all-time high of $9.91 in June of the same year. Since then, the token has experienced a decline of 91.6%. However, it has seen a 4% increase in the last 24 hours, with buyers entering at $0.84. The current market cap stands at $923 million, ranking 89th, and the 24-hour trading volume has decreased by 19% to $18.9 million. Prior to the decline, MINA was last traded at $1.13 on April 9.
XRP Price Analysis:
XRP remains a popular cryptocurrency and is currently ranked 7th in terms of volume on Coinmarketcap. It reached an all-time high of $3.84 six years ago and has not returned to those levels since. The legal case between Ripple and US regulators has significantly impacted its price. Currently trading at $0.5281, XRP has a market cap of $21.9 billion. Although it briefly approached $1 last August, it has not reached that level since.
Which Will Reach $1 First, Mina or XRP?
XRP has faced significant legal obstacles that have hindered its performance over the years. However, the XRP community continues to make efforts, and with their support, the price is expected to rise again and maintain the $0.5 level. With community support and positive news from the court, XRP has the potential to experience a rise. On the other hand, MINA recently surpassed the $1 level and remained above it for some time. Based on its current price, MINA appears to have a higher chance of reaching $1 compared to XRP, considering potential average increases. However, given XRP’s history of independent movements in the market, the possibility of reaching $1 first cannot be ruled out.
Disclaimer:
The information provided in this article should not be considered investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
