What You Need to Know: XRP, LTC, and DOGE Successfully Weathered Multiple Cycles
In a recent tweet, crypto trader Ran Neurer highlighted the resilience of five cryptocurrencies that have survived multiple cycles. These cryptocurrencies are Bitcoin (BTC), XRP, Litecoin (LTC), Dogecoin (DOGE), and Ethereum (ETH). Neurer emphasized the importance of preparing one’s altcoin portfolio for the next run and speculated on which coins institutions will bet on for 2024.
XRP’s endurance throughout the years is evident in its consistent ranking in the crypto market. Despite facing challenges, XRP has remained a top 10 cryptocurrency for over a decade. XRP celebrated its 11th anniversary, as the XRP Ledger was launched in June 2012. The price of XRP has experienced significant fluctuations during its existence, reaching a high of $3.84 during the 2017 bull market. However, the price plummeted to $0.16 after the Ripple-SEC case was filed in December 2020. Despite these setbacks, XRP has maintained its position in the top 10 cryptocurrencies by market capitalization. It was the third largest cryptocurrency in December 2020 and currently holds the sixth spot with a market cap of $24.9 billion.
Dogecoin, created in 2013 as a playful jab at the cryptocurrency market, has also showcased growth over the years. Often referred to as the first “dog coin,” Dogecoin has a current market cap of $9.37 billion, making it the eighth largest cryptocurrency. It gained prominence after Ethereum transitioned to proof of stake in September 2022, becoming the second largest proof-of-work blockchain after Bitcoin.
Litecoin is another cryptocurrency that has proven its endurance. It boasts over 11 years of continuous uptime, emphasizing its reliability. Litecoin recently experienced significant growth, recording a million transactions and reaching an all-time high in payment usage and daily transactions. The cryptocurrency also reached a milestone of 200 million total addresses.
These five cryptocurrencies, including XRP, Litecoin, Dogecoin, Bitcoin, and Ethereum, have showcased their resilience and ability to survive multiple cycles in the crypto market. As the industry evolves, it will be interesting to see how these coins continue to perform and which altcoins institutions will focus on in the future.
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