Can Ripple (XRP) Outperform Solana (SOL) in 2024?

11 months ago 5

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The post Can Ripple (XRP) Outperform Solana (SOL) in 2024? appeared first on Coinpedia Fintech News

Solana (SOL) recently surpassed Ripple (XRP) to become the 5th largest cryptocurrency by market cap. HKVAC, based in Hong Kong, acknowledged this change by replacing Ripple (XRP) with Solana (SOL) in its Top 5 Global Large Cryptocurrency Index.

Despite this, both Solana (SOL) and Ripple (XRP) have faced declines in the bearish market, with Solana (SOL) falling below $100 and Ripple (XRP) dropping below $0.6. The question now is whether Ripple (XRP) can outperform Solana (SOL) in 2024, considering Solana’s recent advancements and increasing market presence.

Today’s article will not only explore how these two coins compare in terms of projected price and market cap for 2024 but also suggest an alternative. There’s a coin that can possibly outperform both since it’s a presale project with colossal potential.

ScapesMania: A Newcomer to the Crypto Scene

ScapesMania is a one-of-a-kind gaming ecosystem, where crypto-savvy audiences join forces with the vibrant community of casual players, paving the way to substantial growth. The ScapesMania community is buzzing with enthusiasm, which is reflected in more than $4,393,000 raised from crowd/retail contributions to date.

Empowering Holders

ScapesMania ensures participants get precisely what they desire: gamers enjoy their favourite pastime, while crypto enthusiasts can leverage the ecosystem’s performance and shape its future through DAO, all without engaging in gameplay.

Furthermore, acquiring ScapesMania tokens unlocks extra perks. By joining the presale, you can access bonuses totaling up to 107%. You can also earn referral rewards by introducing ScapesMania to your friends. Plus, holders can participate in token buyback & burn events as well as staking.

Verified Excellence

ScapesMania’s smart contract has successfully undergone scrutiny from leading security-ranking companies, providing peace of mind for holders.

Behind ScapesMania is an award-winning team that secured a prestigious grant from a prominent player in the blockchain industry. The team is constantly engaging with a flourishing community of over 60K followers.

Potential for Expansion

ScapesMania is part of the massive $376 billion gaming industry, and its growth potential is fueled by this booming market. Already featured on major tracking platforms, ScapesMania is expected to hit major exchanges soon, with negotiations currently underway. After its debut on exchange platforms, holders can expect greater liquidity and easier access to trade.

In recent developments, a wave of momentum was created by crypto whales choosing ScapesMania as their next big potential gainer.

ScapeMania’s Prospects

ScapesMania tokens are currently a steal, priced at just $0.00769 per coin during the presale. As the last sales stage price is set at $0.01, early adopters could potentially be looking at a +30% return after the ScapesMania presale concludes. If you have shorter-term objectives, like saving money for a major purchase, the relatively small but quick potential returns can be just what you need. Of course, the already-advantageous ROI can only be just the beginning as ScapesMania has ambitious plans for its multi-stage post-listing development.

The innovative core concept, robust tokenomics, stage bonuses, and benefits for holders have the potential to further increase the project’s value. Generating more and more buzz with the fast-approaching launch, ScapesMania has many crypto experts marking their calendars, so now could be the best moment to become part of the community of the holders.

Join ScapesMania and unlock the potential for even greater gains with code WBX952! Get more ScapesMania tokens with the same budget, thanks to a sizable 10% bonus. The offer is only valid for a few days since the article’s publication, so hurry up! Type in WBX952 in a special field while purchasing tokens in the website’s members area.

Ripple (XRP): Navigating Market Fluctuations and Legal Landscapes

Ripple (XRP) has experienced fluctuating price levels recently, with some analysts predicting a positive trend. Despite episodic price jumps, Ripple (XRP) has not had a strong start to the year, trading around $0.58, significantly lower than its peaks of over $0.80 last summer. However, several crypto analysts remain optimistic.

The current price range for Ripple (XRP) is between $0.563 and $0.683. The 10-Days Moving Average is at $0.576, while the 100-Days Moving Average stands at $0.597. Ripple (XRP) has support levels at $0.391 and $0.511, with resistance levels at $0.752 and $0.872.

Analysts predict that Ripple (XRP) could see a “massive breakout” in the coming months, with potential for significant value increase. Factors such as Ripple (XRP) legal developments and broader market conditions are expected to influence its performance.

Solana (SOL): Embracing Technological Advancements and Market Opportunities

Solana (SOL) developers are looking forward to several advancements in 2024, including token extensions and Firedancer, a significant upgrade to the Solana (SOL) validator client. These developments, along with institutional support, are expected to enhance network performance and stimulate broader adoption.

The current price range for Solana (SOL) is between $64.84 and $132.36. The 10-Days Moving Average is $96.02, and the 100-Days Moving Average is $63.48. Solana (SOL) has a support level at $27.97 and resistance levels at $163.01 and $230.54.

Solana (SOL) could potentially see increased demand and network usage due to its upcoming developments, which may lead to a bullish trend in its price. The average of 40.7 million daily user transactions in Q4 2023 indicates a vibrant ecosystem that could grow further with these updates.

Conclusion

In the dynamic 2024 crypto market, Solana (SOL) and Ripple (XRP) are key players with distinct trajectories. Both face the inherent volatility of the crypto market and external economic influences. Meanwhile, ScapesMania emerges as a promising newcomer in the crypto gaming sector, attracting attention with its innovative concept and presale success. Perhaps the brazen newcomer can outshine both Solana (SOL) and Ripple (XRP) in terms of relative growth.

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