With the Bitcoin and Ethereum price recovery, investors are waiting for the recovery for other cryptocurrencies like Mina and XRP. Bitcoin has recovered to $61K now, whereas Ethereum is at $3K after facing a fall. But the overall crypto market is still slow as the global market cap is around $2.28 Trillion, with the trading volume at $72.39 Billion.
Per the fear and greed index, the market is on the verge of entering a bearish trend as the market sentiments are drifting from the neutral zone to bear. But if the market recovers, which cryptocurrency will surge to $1 first between Mina vs. XRP? Let us discuss that in this blog.
Mina (MINA) Price Analysis
Mina has been active for more than three years in the crypto market. It had an initial price of $3.26 in April, and within two months, the token surged to an all-time high of $9.91 by June of the same year. And compared to that value, the token has declined 91.6% and is currently trading at $0.8337.
The token is ranked 90th on the Coinmarketcap with a market capitalization of $913,136,508, and its trading volume is around $913,136,508. The altcoin has presented multiple days where it has maintained its value above the $1 mark. Most recently, the token was trading around $1.136 on the 9th of April before declining for days with the market fall.
XRP Price Analysis
XRP is among the most popular cryptocurrencies and is ranked 7th on Coinmarketcap. The token surged to its all-time high of $3.84 almost six years ago and has never risen anywhere near that. It got into multiple disputes with the US regulators, which affected its price. The token is presently trading at $0.5235 with a market capitalization of $28,936,088,135.
The last time the token surged to a $1 mark was almost two and a half years and never risen to anywhere near that. Though the recent updates of the Ripple vs XRP case talk of putting an end to these legal issues, it might take a little longer.
Which Altcoin To Cross $1 First Between Mina and XRP?
XRP has faced multiple issues over the years, which have held it back from performing its best in the market. But despite all of that, the XRP community is awaiting its revival and ending this series of maintaining a value of around $0.5. Community support will definitely aid XRP in the future with its prices.
Though the community support for XRP is fascinating, Mina has witnessed multiple peaks above the $1 mark and is closer to the $1 even now. Based on the price analysis, it is clear to predict that the chances of seeing Mina reaching $1 is comparatively higher than XRP.
Read More ‘Buy The Dip’ Cryptos Revealed for May 2024
The post Mina Vs XRP: Which Altcoin Is Close To $1 In 2024 appeared first on CoinGape.
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