With Bitcoin crossing a new ATH, top leading altcoins like Ripple (XRP) are having a field day with the “domino profit effect”.
XRP has been particularly interesting for investors due to its nearly 300% trading volume rise, setting in the $5 billion zone.
But for many crypto analysts, XRP isn’t where profits lie in this bull run – instead, they suggest we focus on tokens like Dogecoin20 ($DOGE20), Green Bitcoin ($GBTC), and Smog ($SMOG).
Let’s check out why this is the case.
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XRP Trading Volume Hits $5 Billion as Investors Wait for Profits – But These Three Meme Coins Are Looking Like a Better Alternative
The cryptocurrency XRP has experienced a significant uptick in trading activity, with its volume skyrocketing by 298% in just the last few days.
This surge has driven the derivatives turnover related to XRP in the crypto market to a remarkable $5 billion.
Even though XRP is just now catching up to the rest of the market, it’s already attracting considerable attention from investors. Despite a slight dip in its price in the last week, the token has seen a 17% increase over the month, mirroring the rise in trading volume.
With the momentum building, XRP enthusiasts are optimistic about a potential major breakout for the asset, possibly pushing its value to the $1 mark.
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Dogecoin20 ($DOGE20) Looks to Improve the Many Disadvantages of the Popular Dogecoin and Repeat Its 2021 Run for New Investors
Dogecoin20 ($DOGE20) is a new exciting meme coin that draws inspiration from the well-known Dogecoin and looks to repeat its 2021 success.
The standout feature of Dogecoin20 is its Stake-to-Earn system, which rewards community members for participating. This system aims to add real value to the project by offering passive income opportunities through staking.
Currently, the staking program offers an annual percentage yield (APY) of 2,547%, though this is expected to decrease as more participants join and the staking pool grows.
A significant aspect of Dogecoin20 is its fixed supply of 140 billion tokens. This is different from the original Dogecoin, which has an unlimited supply and is subject to potential inflation. By capping the supply, Dogecoin20 seeks to provide a more stable investment compared to its predecessor.
Despite these new features, Dogecoin20 aims to maintain the original spirit of Dogecoin, focusing on community engagement and the principle of “Do Only Good Everyday.” The project is designed not just for speculative investment but also to offer a sense of belonging and contribution to its members.
Green Bitcoin ($GBTC) Rewards Early Investors with Huge Prizes for Guessing the Future Price of BTC
Green Bitcoin is a new crypto project that’s rewarding users for accurately predicting Bitcoin’s price.
By purchasing $GBTC tokens during the presale and staking them, you can participate in weekly Bitcoin price predictions. Your rewards depend on how long you stake and how accurate your predictions are.
Currently, $GBTC tokens are in presale, which is an opportunity to buy at lower prices before the prediction game starts. The presale is structured in stages, with the price of tokens increasing slightly at each stage, rewarding early buyers with better prices.
Tokens bought during the presale will be locked until the end of the presale period, during which you can stake your tokens to earn more. The staking currently offers a 700% APR, though this rate is expected to decrease as more tokens are staked.
The project’s straightforward approach has already attracted significant interest, raising close to $300,000 on its first day and surpassing $4.8 million within a few months.
Smog ($SMOG) In the Meme Market Spotlight Due to the Amazing Airdrop Event that Has Investors Battling for Points
Smog ($SMOG) is making waves as a new meme coin on the Solana blockchain. In a bold move, it launched directly on the Jupiter decentralized exchange in February 2024, forgoing a traditional presale.
For early users, staking is available and it’s offering a 42% return on $SMOG tokens.
The coin saw a dramatic rise, soaring over 1,300% within 24 hours of its launch and currently sits at an impressive 5,200% increase from its starting point. Its market cap has expanded from $2 million at launch to over $239 million.
$SMOG holders can look forward to earning airdrop rewards and participating in community bounties, with the ability to accumulate airdrop points just by holding the tokens. Smog also plans to roll out quests and challenges to enable investors to earn more points.
While specific details on the airdrop date are pending, it’s announced that 490 million tokens, 35% of its 1.4 billion supply, will be distributed as airdrops. Additionally, 700 million tokens have been reserved for marketing efforts.
Conclusion
With its trading volume rising exponentially, XRP is finally gathering some positive investor sentiment as it looks to improve its token value.
However, even though there’s a good chance that XRP will continue to rise, it’s not the best investment right now if you’re looking for profits in the 70-100x range.
If that’s what you’re looking for, analysts recommend meme tokens like Dogecoin20 ($DOGE20), Green Bitcoin ($GBTC), and Smog ($SMOG) as much better alternatives.
And if you grab the low prices right now, you’ll be able to significantly boost your profits once they hit listings!