Bitcoin and Ethereum have experienced a surge in price, causing investors to shift their focus towards cryptocurrencies like MINA and XRP, which are trading below $1. While Bitcoin has reached $61,700 and Ethereum has risen above $3,000, market sentiment suggests a downward trend due to neutral market sensitivity. However, if the market were to recover, investors are curious about the potential outcomes for altcoins like XRP and MINA.
MINA, which has been in the cryptocurrency market for over three years, saw its all-time high of $9.91 in June after debuting at $3.26 in April. Despite a decline of 91.6%, the token has seen a 4% increase in the last 24 hours, attracting buyers at $0.84. Currently, its market cap stands at $923 million, ranking 89th, with a 24-hour trading volume of $18.9 million, reflecting a 19% decrease. Before experiencing a decline, the token traded above $1 for a period of time and was last traded at $1.13 on April 9.
XRP, which remains one of the most popular cryptocurrencies, is currently ranked 7th in terms of volume on Coinmarketcap. It reached its all-time high of $3.84 six years ago and has not returned to those levels since. The ongoing legal case between Ripple and US regulators has significantly impacted its price. Currently trading at $0.5281 with a market cap of $21.9 billion, XRP last rose to $1 nearly two and a half years ago and briefly approached that level last August.
In terms of which coin will reach $1 first, it is important to consider the legal hurdles faced by XRP. Despite this, the XRP community continues to show strong support, and it is expected that with community backing, the price will rise again and maintain the $0.5 level. MINA, on the other hand, recently surpassed the $1 level and remained above it for some time. Based on its current price, MINA appears to be closer to reaching $1 and has a higher chance of doing so compared to XRP. However, considering the uncertainties of the market and XRP’s ability to move independently, there is always a possibility that XRP could reach $1 first.
Disclaimer: This article does not provide investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.