Both Cardano ADA and Ripple’s XRP Ledger are significantly up over the last month, each outpacing Bitcoin (BTC) by over 200% since the US election. Both tokens have captured investor attention and signaled a potential realignment in the digital asset landscape. With Bitcoin’s recent surge to nearly $100k, the entire crypto market has climbed, with the incoming presidential administration illustrating support for the digital asset industry, and its future in the US economy.
Cardano and Ripple developers continue to build their platforms , and business partnerships are continuing to develop nationally and even globally. Investors see ADA and XRP as high-value assets, both with the potential to reach new levels of growth. As a result, the beginning of 2025 could mark new all-time highs for both cryptocurrencies.
Cardano ADA and XRP Growth Catapult Past Bitcoin in December
Cardano’s ADA token has seen a 275% increase over the past 30 days, soaring above $1.20 and maintaining its momentum. This surge outpaces Bitcoin’s 38% rise in the same period. The SEC’s scrutiny of the Cardano platform is set to simmer down with one of the regulator’s biggest crypto antagonizers, Gary Gensler, set to step down in January. In addition to regulatory changes, Cardano’s ongoing technical developments have bolstered investor confidence. The platform has implemented significant network upgrades recently, all meant to bolster its services and transparency. These include the Chang upgrade to increase decentralized governance; Hydra for enhanced scalability; and Mithril for efficient consensus mechanisms
For XRP, the currency has surged to become the third-largest digital asset by market capitalization. The asset is at its highest level in seven years and may be set to reach an ATH come next year. Furthermore, Gensler and the SEC’s loss to Ripple Labs in a court case this year is also a catalyst for XRP’s recent growth. Gensler stepping down will be seen as another likely win for Ripple’s native currency, with investors seeing the sky as the limit for XRP.
Also Read: Could December’s Fed Rate Cut Push Bitcoin to $100K? Here’s What Experts Say
Cardano and Ripple’s commitment to enhancing their platforms through continuous development has positioned them favorably in this newly emerging landscape. If Bitcoin continues its recent surge, one can expect the altcoin market to follow suit entering 2025. Seen by its recent performances, Ripple’s XRP and Cardano’s ADA may be the two leaders on this front.
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