Market experts have been heavily fixated on two altcoins awaiting their bullish trajectories. These are Dogwifhat (WIF) and IntelMarkets (INTL), which also draw in XRP investors. The bearish price trajectory of Ripple has compelled XRP investors to shift to these altcoins as they promise better gains than Ripple. Dogwifhat (WIF) is set to provide massive gains while INTL’s presale raise of $5 million acts like a magnet.

Ripple News: Is XRP Still A Good Investment?

Ripple’s native cryptocurrency, XRP, has been a standout performer in the crypto market, surging nearly 500% from $0.50 to $2.60 in recent months. Despite this remarkable growth, Ripple has come under fire in a video titled “Everything That’s Wrong With XRP,” sparking debate within the crypto community.

The author argued that XRP’s original role as a bridge currency for cross-border payments has been overshadowed by stablecoins, which offer more stability. Ripple’s recent launch of its stablecoin, RLUSD, has added fuel to this claim.

Ripple currently holds over 38 billion XRP tokens and has been selling them to fund operations. This centralization, according to the author, poses risks to XRP’s long-term value. The recent slump in the Ripple price has pulled the XRP token down by over 5%, making the experts believe that the XRP token is going to touch the $2 level.

Dogwifhat (WIF) Could Bounce From Support

Dogwifhat (WIF) is currently trending bearish, with key support levels at $3.00 and $2.89 and resistance zones at $3.20, $3.29, and $3.40. Technical indicators show Dogwifhat’s (WIF) Relative Strength Index (RSI) is at 43.2630, which is considered neutral.

WIF’s Commodity Channel Index (CCI) stands at -105.3984, signaling a buying opportunity for Dogwifhat (WIF), while its momentum is at −0.6793 and MACD level of −0.0634, hinting sell indications.

Meanwhile, Dogwifhat’s (WIF) growth to 100% depends on the coin’s ability to sustain bullish momentum, amplify its strong market interest, and ride the positive sentiment around Solana’s market performance.

Some analysts suggest that with Trump’s incoming administration in January 2025, the new term could most likely give a significant boost to the cryptocurrency market, as the president-elect is reportedly taking a pro-crypto stance.

Meme coins like Dogwifhat (WIF) have already proved they are strong contenders

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Author: Bitcoinist