Bitcoin and Ethereum’s recent price surges have drawn investors’ attention to cryptocurrencies trading below $1, such as MINA and XRP. While Bitcoin reached $61,700 and Ethereum surpassed $3,000, market sentiment suggests a downward trend due to neutral market sensitivity in the fear and greed index. However, should the market recover, investors are curious about the potential outcomes for altcoins like XRP and MINA.
Mina (MINA) Price Analysis
MINA has been in the cryptocurrency market for over three years. It launched in April with an initial price of $3.26, reaching an all-time high of $9.91 in June of the same year. Since then, the token has experienced a decline of 91.6%. However, it has seen a 4% increase in the past 24 hours and is currently finding buyers at $0.84.
At present, MINA has a market cap of $923 million, ranking 89th. The 24-hour trading volume has decreased by 19% to $18.9 million. Prior to its decline, the altcoin was last traded at $1.13 on April 9.
XRP Price Analysis
XRP remains one of the most popular cryptocurrencies and currently holds the 7th rank in terms of volume on Coinmarketcap. It reached its all-time high of $3.84 about six years ago and has not returned to those levels since.
The legal case between Ripple and US regulators has significantly impacted XRP’s price. Currently, the token is trading at $0.5281 with a market cap of $21.9 billion. It has been nearly two and a half years since XRP last reached $1, briefly approaching that level last August but not surpassing it.
Which Will Reach $1 First, Mina or XRP?
XRP has faced a significant legal hurdle that has affected its performance for years. Despite this, the XRP community continues to make efforts, and with community support, the price is expected to rise and maintain the $0.5 level. Positive news from the court could further boost XRP’s price.
MINA recently surpassed the $1 level and stayed above it for some time. Based on its current price, MINA appears closer to reaching $1 compared to XRP. However, market uncertainties must be considered. XRP has demonstrated independent movements in the past, suggesting that the possibility of reaching $1 first always exists.
Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
