Shiba Inu vs XRP: The Better Profit-Maker in 2024?

• Shiba Inu (SHIB) and Ripple's XRP: Crypto Market Leaders
• Shiba Inu (SHIB) and Ripple's XRP: Predicted Price Levels for 2024
• Will Ripple's XRP Eclipse Shiba Inu (SHIB) in 2024?
• Shiba Inu (SHIB): Adoption and Utility
• Regulatory Uncertainties Around Ripple's XRP

Shiba Inu (SHIB) and Ripple's XRP: Crypto Market Leaders

Shiba Inu$0.000010 -2.05% (SHIB) and Ripple's XRP$0.620 -1.68% token stand out among the leading cryptocurrencies in the market. Both have secured a strong fan base and are competing to top the cryptocurrency market this year. Google's Bard AI (Artificial Intelligence) suggests that both projects feature unique characteristics and are affected by disparate factors, which complicates direct comparisons.

Shiba Inu (SHIB) and Ripple's XRP: Predicted Price Levels for 2024

Bard AI has suggested potential price levels for Shiba Inu (SHIB) and XRP in the year 2024. According to Bard, SHIB could reach a high of $0.000013 this year, representing about 35% growth from present levels. Conversely, Bard predicts XRP could achieve $1.07 by Q4 2024, which would correspond to over 87% growth from current levels.

Will Ripple's XRP Eclipse Shiba Inu (SHIB) in 2024?

XRP enjoys wide popularity as a currency for cross-border remittances. Ripple has formed partnerships with various financial institutions to promote XRP adoption. Additionally, Ripple is engaged in several CBDC (Central Bank Digital Currency) projects.

Shiba Inu (SHIB): Adoption and Utility

Contrarily, SHIB does not enjoy the same level of adoption and lacks significant utility. Despite this, SHIB has launched its layer-2 network, Shibarium, which aspires to enhance the token's utility.

Regulatory Uncertainties Around Ripple's XRP

Despite the potential, XRP currently grapples with regulatory uncertainties. The ongoing SEC versus Ripple lawsuit is under the consideration of the high court, and investors are waiting for the verdict. Last year, a US district court ruled in Ripple's favor, stating that selling XRP to retail clients did not violate securities laws. If the high court delivers a similar ruling, XRP's reputation could be cleared, potentially triggering a massive surge in its price.

Edited by Jonathan Stoker