XRP, DOGE, ADA, and XLM Are Poised to Hit $1 Trillion in Valuation for the First Time

The CoinMarketCap’s Altcoin Index has moved to 47/100, two points above the 45/100 recorded on January 13, 2024.

Several assets are expected to hit $1 trillion in valuation for the first time, as highlighted in our recent report. Among them, XRP, DOGE, ADA, and XLM are positioned to achieve this milestone.

XRP price enjoyed a 24-hour gain of 8%, bringing its price to $2.8. At press time, the asset had a market cap of $164 billion. Following a recent surge of over $20 billion in market cap, XRP’s 24-hour performance was particularly noteworthy.

According to Dark Defender, the asset is expected to reach $18 by mid-2025. This projection, if realized, would place XRP’s market cap at over $1 trillion.

Furthermore, as highlighted by Ali Martinez, XRP’s movement presents "one of the most bullish scenarios" in the crypto market. He pointed out the asset’s 24-hour rally to $2.8, which aligns with the upper boundary of an isometric triangle.

Notably, analysts anticipate that the possible approval of the spot XRP Exchange Traded Funds (ETF) could accelerate XRP's move to $2.8. As reported by CNF, the XRP ETF is expected to attract $8 billion in investments.

DOGE price had a market cap of $53 billion at press time, priced at $0.352. At the time of writing, the meme coin had declined by 0.47% in 24 hours.

However, analyst Javon Marks anticipates an explosive rebound to $20. As per his analysis, DOGE recorded 90x in the 2017 cycle and 306x in the 2021 cycle. If it reaches this significant level, DOGE's market cap would be $1 trillion.

Pending this expected level, CNF reported that DOGE’s Open Interest declined from $4.07 billion to $3.29 billion.

ADA price had a market cap of $36 billion and was trading at $1. Over the past 24 hours, the asset surged by 3% to extend its 90-day gains to 192%.

According to Dan Gambardello, a popular crypto analyst, DOGE is poised to break key resistance levels to hit $31. At the time, he highlighted that the asset had experienced 180 days of downside. If it reaches this predicted level, ADA's market cap would be over $1 trillion.

XLM price was the 12th largest crypto by market cap, valued at $14 billion. At press time, XLM remained one of the biggest movers in the last 24 hours, surging 9% to trade at $0.46.

Meanwhile, as reported by CNF, analysts anticipate the price to hit a significant level after breaching the $0.50 psychological mark. In the third quarter of 2024, the Stellar Development Foundation expanded its ecosystem as active addresses surpassed 9 million.