😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

XRP, LTC, DOGE Survived Multiple Cycles, Here's What to Know

Published 2023-07-05, 11:15 a/m
© Reuters.  XRP, LTC, DOGE Survived Multiple Cycles, Here's What to Know
BTC/USD
-
LTC/USD
-
ETH/USD
-
XRP/USD
-
DOGE/USD
-

U.Today - Crypto trader highlights an interesting fact about the cryptocurrencies XRP, Litecoin (LTC) and Dogecoin.

In a new tweet, Neurer, who goes by the Twitter tag @cryptomanran, names the five cryptocurrencies that have survived multiple cycles as Bitcoin (BTC), XRP, Litecoin (LTC), Dogecoin (DOGE) and Ethereum (ETH).

XRP's resilience through the years is reflected in its crypto market rankings. XRP has withstood the storms and remained a top 10 crypto for over a decade. XRP recently celebrated its 11th anniversary, as the XRP Ledger first launched in June 2012.

The price of XRP has had its ups and downs during its 11-year existence. During the 2017 bull market, it increased by roughly 32,000%, reaching a high of $3.84 on Jan. 4, 2018. The Ripple-SEC case was filed in December 2020, immediately after which the XRP price plummeted to $0.16.

Despite this, XRP has maintained its place in the top 10 cryptocurrencies by market cap. XRP was the third largest cryptocurrency in December 2020 after the SEC filed its lawsuit against Ripple and is currently the sixth largest cryptocurrency, with a market capitalization of $24.9 billion.

Dogecoin, the eighth largest cryptocurrency by market capitalization, was created in 2013 by software engineers Billy Markus and Jackson Palmer, making fun of the wild speculation in cryptocurrencies at the time.

In almost a decade of its existence, Dogecoin, the first "dog coin," has seen growth, with a current market cap of $9.37 billion. Dogecoin became the second largest PoW blockchain after Bitcoin after Ethereum transitioned to proof of stake via the "merge" upgrade in September 2022.

Litecoin touts itself as the only blockchain with over 11 years of continuous uptime. In a tweet, Litecoin made it known that it has never been down in its over 11-year history of continuous uptime.

Last month, Litecoin saw impressive growth, recording a million transactions and reaching an all-time high in payment usage and daily transactions. Litecoin also hit a record milestone of 200 million total addresses.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.