The crypto market has been booming lately, and investors are looking at XRP alternatives to ride and convert their $1 into $1000. The Ripple RLUSD stablecoin is expected to launch by the end of September, in line Ripple CEO Brad Garlinghouse’s comments, “in weeks, not months” at the beginning of the month. Further, the Ripple-SEC lawsuit is expected to finally end before October 10, giving investors enough time to convert XRP profits into these three XRP alternatives.
Top XRP Alternatives to Turn $1 to $1,000
Here are three promising XRP alternatives that could potentially turn a $1 investment into $1,000 by December:
1. Solana (SOL)
Known for its high-speed transactions and low fees, Solana has been gaining traction in the DeFi and NFT spaces. Its unique proof-of-history (PoH) mechanism allows for efficient and scalable operations, making it a strong contender for significant growth.
Solana network has greatly been affected by meme coins, which have contributed to its comeback. Data from Solscan shows the Solana daily active addresses have stabilized between 2.5 million and 3.3 million, which is an over 400% increase from the last consolidation zone that ran from May to August.
SOL price has been increasing over the last two weeks, outperforming XRP. Solana has gained 17% in a fortnight, compared to XRP’s 3.9%. SOL has also been up 4.8% in the last 24 hours, surpassing $155, and is eyeing new yearly highs.
2. Cardano (ADA)
Cardano is a blockchain platform focused on sustainability and scalability. With its recent upgrades and growing ecosystem, ADA has the potential for substantial price appreciation. Its emphasis on academic research and peer-reviewed development adds to its credibility.
The ADA price has also registered gains of up 1.8% in the last 24 hours and 12.7% in the last 2 weeks. These gains are mainly due to the Bitcoin price recovery and the shifting of the Cardano network into a fully decentralized chain.
The release of Hydra and the potential implementation of Ouroboros may also have contributed to the increasing price of Cardano, setting it as one of the XRP alternatives to consider.
3. Polygon (POL)
Polygon is an Ethereum layer-2 scaling solution that aims to improve transaction speeds and reduce costs. Its growing adoption and integration with various DeFi projects make it a strong candidate for significant returns.
The recent rebrand from MATIC to POL was welcomed by enthusiasts and positive market sentiment. POL price is charting its new path and has gained 7.3% in the last 2 weeks.
Trading at $0.43, POL price shows signs of surging higher as the Polygon network grew by 1,019% over the last 30 days, according to the Santiment ranking. This makes it one of the best XRP alternatives to hold by December.
Should You Buy These XRP Alternatives?
These XRP alternatives have shown strong growth indicators such as increased network growth, total value locked, and overall price. They could offer substantial returns by December, capable of converting your $1 into $1,000.
The post 3 XRP Alternatives to Turn $1 to $1,000 by December appeared first on CoinGape.
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