XRP (CRYPTO: XRP) and Dogecoin (CRYPTO: DOGE) are two of the most closely watched cryptocurrencies in the sector. Both are among the oldest, and both tokens also operate on their own networks. XRP boasts a robust technical blockchain network that enables it to process up to 1,500 transactions per second (TPS), making it ideal for instant cross-border payments. XRP is closely tied to Ripple, which uses the network to provide payment solutions to major banks and institutional investors.
Dogecoin, on the other hand, is not strong from a technical perspective, but was one of the first tokens to go viral through social media. The cryptocurrency was launched as a joke, featuring a Shiba Inu dog as its mascot, and quickly gained traction, resulting in significant price appreciation over the years. Its weaker technical underpinnings have kept real-world usage relatively limited compared to XRP.
Real-world utility is a key consideration for crypto investors, as tokens with usable networks tend to offer more practical value than those without. In this regard, XRP’s technical prowess and ties to Ripple position it as a more practical solution for large institutions facilitating international payments than Dogecoin. Dogecoin could gain more real-world utility over time, but XRP currently holds the edge in cross-border payments.
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