{"id":516865,"date":"2023-01-20T09:30:16","date_gmt":"2023-01-20T14:30:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=516865"},"modified":"2024-06-11T14:33:20","modified_gmt":"2024-06-11T14:33:20","slug":"xrp-vs-cardano-better-investment-in-2023","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/xrp-vs-cardano-better-investment-in-2023\/","title":{"rendered":"XRP Vs. Cardano (ADA), Which Is The Better Investment In 2023?"},"content":{"rendered":"
Cardano (ADA) and XRP are popular entry-level investments in the crypto market due to their low prices below $1. But what are the prospects for both altcoins in 2023? We’ll take a look at the fundamentals as well as the technical analysis perspective.<\/p>\n
XRP Prediction 2023<\/h2>\n
The success of the XRP price this year could largely depend on the outcome of the court case between Ripple and the U.S. Securities and Exchange Commission (SEC). If Ripple manages to leave the courtroom as the winner, the price could skyrocket.<\/p>\n
According to current projections, including from Ripple’s legal counsel Stuart Alderoty, the trial could likely end in the second quarter of 2023. A Ripple victory could trigger a reverse effect on the XRP price as of December 2020.<\/p>\n
The week the SEC filed its lawsuit, the XRP price fell a whopping -72% in seven days. The price crashed from $0.60 to $0.17. Compared to Bitcoin and Ethereum, XRP still shows a massive undervaluation since the event.<\/p>\n
While BTC and ETH are 69% and 68% down from their all-time highs, respectively, the current XRP price is 88% below its all-time high of $3.40. Thus, XRP bulls will be eager to make up for this shortfall.<\/p>\n
A Ripple victory could reactivate old and new partnerships. During the Ripple Swell conference in November, CEO Brad Garlinghouse revealed that U.S. banks and companies are in the pipeline as partners once the court case is out of the way, as Bitcoinist reported<\/a>.<\/p>\n