Even though the cryptocurrency market has been highly volatile over the last half-decade, investors who took a buy-and-hold approach with top coins generally wound up seeing strong returns.
As of this writing, Bitcoin’s token price has risen 171% over the last five years of trading.
XRP’s token price has rocketed 613% higher across the stretch.
Dogecoin’s gains have been even more impressive — coming in at 1,390% over the period.
Which of these cryptocurrencies looks like the best buy right now?
Bitcoin continues to be the largest cryptocurrency by valuation and has a market capitalization of roughly $1.8 trillion.
Meanwhile, XRP is the fifth-largest token overall and has a market cap of roughly $119 billion.
The difference in valuations reflects vastly different levels of support for the respective tokens.
With that in mind, I think investors have to consider their personal risk tolerance and reward goals when choosing between Bitcoin and XRP.
Pricing dynamics for Bitcoin continue to have a powerful effect across the crypto market, and they play a big role in shaping XRP’s valuation momentum.
If the crypto market sees strong bullish momentum over the next year and beyond, XRP stands a good chance of outperforming Bitcoin.
Alternatively, I think Bitcoin will likely outperform XRP if gains for the crypto market are relatively muted — or if bearish momentum accelerates.
Leave a Reply