CJ - Cryptocurrency Specialist
This Year Significant Milestones have been reached by ETH, XRP, and ADA this year
Some owners of ADA anticipate a 41x increase
XRP's price might reach $1.40 if the SEC case is successful
Cardano (ADA), Ethereum (ETH), and Ripple (XRP) are the three altcoins that crypto investors should include in their investing portfolio. This year, each of these alternative coins has either reached significant milestones or is on the verge of doing so.
ADA and ETH
It was going to be difficult to convert the Ethereum blockchain from a Proof-of-Work blockchain to a Proof-of-Stake blockchain since it is the largest cryptocurrency by market value. But thanks to the Merge's successful implementation this year, the ETH development team was able to do so, which is a significant milestone and a victory for the whole crypto industry.
This year, several chains released updates, not only ETH. Shortly after the ETH team released their upgrade, the ADA team also released the Vasil hard fork upgrade. The Cardano chain's scalability is predicted to rise with the ADA update, which would let it to expand its market share.
According to CoinMarketCap, the market capitalization of both cryptocurrencies is now $164.7 billion for ETH and $12.3 billion for ADA. The market cap of ETH reached $500 billion during the last bull run. This has caused some ADA holders to predict that if ADA can achieve a market cap of $500 billion during the upcoming bull run, it will provide a 41x opportunity.
In their two-year legal struggle with the U.S. Securities and Exchange Commission (SEC), the parent firm of XRP, Ripple Labs, has made some progress that might result in a victory. Owners of XRP and members of the community may anticipate a large price increase.
If the SEC case is successful, XRP's price will probably move into the following price channel between $0.6 and $1. The price of XRP will probably increase to $1.4 if the market's adverse pressure is relieved. It won't increase until the market has a bull run.
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