Will Ripple Ever Reach $1? It will, but not before these other cryptos
Ripple (XRP) was once the third largest coin in the cryptocurrency space and has been a staple in the top 10 since its launch in 2017 – offering a faster and more energy efficient alternative to BTC.
It hit an all-time high of nearly $3.50 in the 2018 bull run, and although it looked set to break the $2 mark again in 2021, a lawsuit filed by the US Securities and Exchange Commission (SEC) has seen the price consistently fall and fail to break the $1 barrier since November 2021.
In addition to offering analysis on XRP, this guide will offer three alternatives to the popular coin.
Ripple Price
Ripple is still the seventh largest coin by total market capitalization, but at the time of writing the price is only $0.33 – only memecoins Dogecoin and Shiba Inu have a lower price in the top 15.
Built by the American technology company Ripple Labs Inc, Ripple is a payment settlement system and currency exchange that offers services to banks and payment processors. Native coin XRP is described by Ripple as a “digital asset built for global payments.”
Ripple is able to facilitate exchanges for a large variety of crypto and fiat currencies, with a small amount of XRP deducted as a fee each time there is a transaction on the network.
With huge fees often involved in exchanging currency or sending money around the world, Ripple is designed to tackle this problem, allowing large sums to be sent quickly and securely with very little cost to the user.
A number of major financial institutions – including American Express, Standard Chartered and Santander – are partnering with Ripple, and it appeared that the company and coin were set for a major breakout in 2021.
However, the ongoing SEC lawsuit has had a major impact on price action. They have accused the company, co-founder Chris Larsen and CEO Brad Garlinghouse of violating US law by selling XRP as an unregistered security.
The SEC expects Ripple to settle $1.3 billion plus interest, and while Ripple continues to argue its case, the uncertainty has transferred to potential investors.
Most analysts believe XRP will return to at least $1 as general market conditions improve, with prices up to $5 by 2025. The most bullish supply predictions around $30 by the end of the decade, but any price action will likely depend on the outcome of the ongoing litigation.
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Ripple Alternatives
In this section, we will look at three potential Ripple (XRP) alternatives that could potentially yield gains in the more immediate future:
1. Battle Infinity
An alternative to Ripple (XRP) to consider is Battle Infinity – and its native token IBAT – a new gaming platform that includes game-2 servers and a metaverse.
The Battle Infinity ecosystem consists of six threads featuring the flagship IBAT Premier League, a fantasy sports game and league with NFT integration. It will initially feature cricket, with sports expected to be added as the platform expands.
Users can also buy virtual plots in the Battle Arena – a 3D world – while IBAT can also be bet and traded, making the platform one of the top 10 cryptocurrency projects.
IBAT was first listed on PancakeSwap last week and its price rose over 400% despite the general slowdown in price performance over the past seven days.
It will be listed on LBank this week with the price expected to be significantly increased again.
Stay up to date with all the latest news by joining the Battle Infinity Telegram group.
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2. Tamadog
Another project to consider as an alternative to Ripple is Tamadoge (TAMA).
It is a meme coin with a difference, offering utility and value to holders unlike traditional meme coins like Dogecoin and Shiba Inu.
Currently in the fourth phase of the presale, TAMA has already raised nearly $7 million for each new coin tranche that has seen the price per taken increase.
It sold for 1 USDT to 100 TAMA in the first phase, but now 1 USDT gives 50 TAMA with half the tokens on offer in the presale now sold.
Tamadoge will be a fully fledged metaverse that includes NFT ownership and p2e play. Owners will be able to stamp Tamagotchi-style pets, care for them and watch them grow before battling other players for the chance to earn rewards and prizes. Later in the roadmap, the pets will move from 3D to augmented reality (AR), allowing owners to go out into the real world with their pets and hunt for rewards and tokens.
Tamadoge is already approaching 10,000 holders and after the pre-sale ends, TAMA will be available on centralized exchange (CEX) LBANK and decentralized exchange (DEX) Uniswap – this is likely to see a huge increase in trading volume which is among the fastest growing cryptos from 2022.
Potential investors can join the Tamadoge Telegram group to stay updated with the project.
Buy Tamadoge on pre-sale
3. Lucky Block
Our last alternative to Ripple to consider is Lucky Block (LBLOCK).
Released earlier this year to great hype, Lucky Block is an NFT competition platform designed to promote transparency and fairness in the online gaming world.
Along with a weekly main draw where up to $50,000 can be won, Lucky Block also hosts weekly NFT draws and other competitions. These eye-catching prizes include $1 million in Bitcoin, VIP tickets to the 2022 World Cup in Qatar, a Bored Ape Yacht Club NFT and even a house.
Its original token LBOCK has two versions – V1 and V2 – with V1 built primarily for DEXs.
The V2 version was recently launched at MEXC and received a boost in prix – a further boost is expected from September 1 amid news that it will be listed on Gate.io, the fifth largest CEX around.
LBLOCK is currently trading at around $0.002 and has been named one of our most undervalued cryptos.
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How to buy Tamadoge
This guide shows interested investors how to buy Tamadoge, one of our top picks as an alternative to Ripple (XRP).
Step 1: Download a crypto wallet
To buy Tamadoge (TAMA) you must first set up a crypto wallet. Many of the best wallets are free and easy to use – MetaMask is a great and easy-to-use example
Download the MetaMask app on your smartphone or tablet or the browser extension if you’re using a desktop computer.
Step 2: Get ETH or USDT
If you have already set up a wallet, TAMA can be purchased directly on their website by exchanging ETH or USDT tokens – just follow the instructions.
If you haven’t already purchased these assets, go to your preferred crypto exchange, buy ETH or USDT and transfer the tokens back to your MetaMask wallet.
You can also buy directly on MetaMask with a debit or credit card via Transak.
Step 3: Connect MetaMask to Tamadoge Presale Platform
Once ETH or USDT is purchased, the next step is to visit the Tamadoge website and click “buy”. Investors then click “Connect Wallet” and select their wallet provider to connect to the platform.
Follow the on-screen instructions to complete the connection.
Step 4: Buy TAMA
The last step is to buy TAMA. Select “Convert ETH” or “Convert USDT” and enter the desired amount, although buyers must purchase a minimum of 1000 TAMA.
TAMA tokens will be stored on the website and can be claimed later when the pre-sale ends. Just click “claim” on the Tamadoge home page.
Visit the Tamadoge Presale now
