HomeEthereum UpdatesWhat Comes After XRP's Top 5 Profitability Achievement?

What Comes After XRP’s Top 5 Profitability Achievement?

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Analysis of XRP Price Performance and Profitability Compared to Other Cryptocurrencies

Despite the underperformance of XRP price compared to other major cryptocurrencies, recent data from Santiment reveals that the price is still among the top five cryptocurrencies in terms of profitability. According to the report, 78.8% of XRP tokens in circulation are currently profitable, indicating that the price is higher than when these tokens were first issued.

However, XRP still lags behind Bitcoin and Ethereum in terms of profitability, with Bitcoin at 98.3% and Ethereum at 95.1%. The continued underperformance of XRP over the past year and a half can be attributed to its slow rise from the 2022 bear market lows and its significant distance from its all-time high in early 2018.

While XRP’s long-term technicals remain uninspiring, there is still potential for a rise if Bitcoin reaches a new record high and Ethereum returns to its all-time high. However, chart analysis suggests a retest of support-to-resistance near $0.40 is likely in the coming weeks, and fundamentals indicate a near-term recovery is unlikely.

For traders looking for alternatives to XRP, moving holdings to Bitcoin, Ethereum, or Solana may provide more stable and consistent profits. Alternatively, entering the meme coin market could lead to bigger gains, with potential for 50x to 100x returns if investors can get in early on new meme coins.

One such meme coin with potential is PlayDoge (PLAY), which offers Play-to-Earn features and supports fun mobile-based games. With a modest market cap of around $50 million and a presale that has already raised over $3 million, PLAY could be one of the best meme coins in the current cycle, depending on the reception of its games.

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