6 XRP Rivals With Potential To Turn $1,000 to $10,000

After the SEC vs. Ripple Lawsuit, XRP price has been moving sideways. Without volatility, investors will likely look for XRP rivals with higher growth potential

The price of XRP has been largely stagnant since the SEC vs. Ripple lawsuit, which has led investors to explore other cryptocurrencies with higher growth potential. This article identifies six XRP rivals that could help investors multiply their holdings tenfold, turning an initial investment of $1,000 into $10,000.

Solana (SOL)

Solana is renowned for its exceptional transaction processing speed, capable of handling 65,000 transactions per second (TPS). Despite experiencing a significant sell-off following the FTX collapse, SOL has staged a remarkable comeback in 2023.

The connection between Solana and FTX founder Sam Bankman Fried, which initially led to Solana’s decline, ultimately became the catalyst for its success. As a result, SOL surged by 2,527% between late December 2022 and mid-March 2024.

This historic rally may only be the beginning, considering the recent extended consolidation that SOL price has slipped into. A technical analysis using the bull flag continuation pattern anticipates a breakout from this sideways movement, which could propel SOL by 1127% to $1,348, making Solana a prime XRP rival.

Polygon (MATIC)

As an Layer 2 token, MATIC has seen its price soar to an All-Time High (ATH) of $2.923, before plummeting by 88%. Since March 2024, MATIC price has shed nearly 70% of its value.

This massive collapse in Polygon’s market value presents an opportunity for investors to acquire this top altcoin at a discounted price. Furthermore, data from Santiment shows Polygon’s on-chain activity has shown an incredible uptick in the past few weeks.

The spike in network growth coupled with daily active addresses reveals an inflow of new investors, aka capital, and a resurgence in existing investors. This development suggests Polygon price is ready for a takeoff by ending its nearly-three-year old consolidation range.

TRON (TRX)

TRON is another key cryptocurrency that has stolen the spotlight in recent days. This development can be attributed to the founder Justin Sun, who has triggered a meme coin migration frenzy from Solana to the TRON ecosystem via the SunPump platform.

This development has caused a massive uptick in TRON fundamentals, a key XRP rival. If such value accrual updates are consistent, TRX price could propel higher, allowing investors to turn their investment in TRX from $1,000 to $10,000. TRON forms an Adam and Even pattern that forecasts a 62% rally in the near term to $0.1971. As mentioned above, TRX could rally much higher if this outlook continues.

Stellar (XLM)

The key reason for this cryptocurrency being an XRP Rival is the involvement of an ex-Ripple employee developing the Steller blockchain, a competitor of Ripple. This altcoin has remained unfazed despite multiple bear markets and will likely explode on the news that XRP is not a security.

XLM price trades at $0.009, a much higher discount than its rival XRP, making it a good investment. The upcoming bull rally could propel XLM price to retest the ATH at $0.798.

Cardano (ADA)

Cardano whales have been actively accumulating over the past mid-2022. Wallets holding between 100K to 1M and 1M to 10M ADA have increased their balance from 5.67B and 5.57B to 6.02B and 5.7B, respectively.

This massive scale of accumulation shows that whales are anticipating a surge in Cardano price in the near future. ADA being an XRP rival, therefore, makes a good investment that could help turn $1,000 to $10,000.

Toncoin (TON)

Toncoin is the recently launched meme coin on the Telegram-linked TON blockchain. This coin has witnessed massive volatility due to the connection with Telegram founder Pavel Durov’s arrest.

Since this is a newly launched cryptocurrency and an XRP rival, it has a higher chance of soaring. TON price hit an ATH of $8.28 on June 14 and shows that it could rally even higher, especially if Durov is released with a clean bill, allowing this XRP rival to shoot into the stratosphere.

All in all, SOL, MATIC, TRX, ADA, XLM, and TON are the 6 XRP rivals that show huge promise of helping investors turn their investment of $1,000 into $10,000.

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