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You are ready for some moves on the trading market but aren’t sure about the best trading pairs. This guide will analyze how Ripple and Monero compare to Bitcoin. It’ll provide information on whether you should convert XMR or XRP to BTC. We have gathered some expert price predictions with their calculations on potential profits.
What Do We Know About XRP?
Ripple is a blockchain-based digital payment solution. It is open-source and uses the XRP token as its internal currency.
Trusted validators approve transactions to make transfer speed faster while eliminating the need for the PoW consensus. XRP uses its special algorithm called RCPA, which requires validating a transaction from a minimum of 80% of the trusted nodes. XRP aims to become a simple global payment option for all countries worldwide while ensuring fast transactions. Ripple is in a court battle with SEC that is likely to extend for a year or two, but it managed to withhold its reputation despite the lawsuit.
The current XRP value is approximately $0.37, while its market cap is $18.3 billion. Those numbers put XRP in the sixth position in the overall crypto coin ranking. Despite the decent position, the current value is far from the XRP’s all-time high — $3.4 in 2018. The good news is that the latest trend is lightly bullish, although with a lot of volatility.
Experts don’t believe XRP could return to its all-time high soon. Priceprediction.net states that the value should rise to $0.49 by the end of 2022 and up to $1.53 in 2025. GovCapital agrees that XRP has an encouraging future. They put its value at $0.46 by the end of 2022 and $3.16 by 2025.
Both websites indicate the coin could reach a new all-time high in 2027. That implies that XRP might be a smart long-term investment.
What Do We Know About XMR?
Monero is a crypto coin focused on privacy. It is based on the CryptoNote protocol, which uses original cryptography. Thanks to that, the transactions are secure, private, and untraceable. Monero keeps your privacy at the highest level by offering total anonymity. Its developers have set fungibility as a main priority.
XMR’s current value is approximately $159. The market cap stands at $2.8 billion, putting it at the 28th position in the crypto list. The best days for XMR were in 2018 when its worth was $470. Monero is going through a positive phase currently since the market is bullish.
And the experts believe this growth will continue in the next several years. According to Priceprediction.net, the coin could return to $180 by the end of 2022. The growth would continue, and XMR might reach $599 by 2025 and be worth more than $1,200 in 2027.
Digitalcoinprice.com is more cautious in the long run. Although they think the growth could go up to $268 in 2022, they put predictions for 2025 and 2030 at $384 and $916, respectively.
XMR has a strong reputation among industry experts, with this being the reason for optimistic forecasts.
Which Is a Better Fit for BTC?
The current BTC value is approximately $24K. That means a single BTC would get you 64,864 XRP coins. Their current value is $0.37, but it could go up to $0.49 by the end of 2022. Selling it at that value would earn you $31.7K, so the profit would be 32%. Now, if you are patient and wait until 2025, the XRP could be worth from $1.53 to $3.16. That could put your profit from roughly 413% to 854% (without any expenses you might have and USD inflation rates).
As for Monero, its current value is about $159. You could get roughly 151 XMR coins for a single BTC. If you sell it by the end of 2022, you might earn anywhere from 13% to 68%. The latter would require the most optimistic forecasts to become true. As for long-term gain, let’s assume the XMR value is $384 or $599 in 2025. Depending on this, your profit is in the range of 241% to 376%.
XRP and XMR seem to both be a good fit for Bitcoin. If you don’t want to wait, convert BTC to XMR now and hope to profit by the end of 2022. And if you don’t mind waiting for a few years, XRP could secure a higher profit. However, there’s an extra risk of the pending lawsuit against the SEC. It’s another reason why XMR could be a safer choice.