XRP, DOGE, and HBAR Could Have an Impressive 2025. Here's Why

Donald Trump's election was the cherry on top of a delightful year for the crypto community. 2024 started on a positive note for Bitcoin (BTC)

As 2024 draws to a close, let's take a look at how three altcoins — XRP, Dogecoin (DOGE), and Hedera Hashgraph (HBAR) — performed this year and why they could be set for an impressive 2025.

1. XRP Scores a 300% Spike as 2024 Ends

In just one month — November 2024 — XRP rose 300% amid massive whale activity and anticipation for Ripple's stablecoin RLUSD. Moreover, at one point, XRP was rising by over 1.5% per day. It eventually marked a YTD all-time high at $2.9. Since that November boom, XRP ranks as the 4th largest crypto by market cap.

Highlighting the key developments for XRP in 2024:

- The year kicked off with the XRP community awaiting the verdict on the Ripple-SEC case, which began in December 2020. Judge Analisa Torres had earlier ruled that XRP could be labeled a security only when traded institutionally. Anticipation for the final verdict and clarity on XRP's regulatory status kept traders bullish on the altcoin throughout 2024.

- Later in Q2, XRP rose sharply after a massive whale activity was spotted moving around 100,000,000 – 250,000,000 XRP several times. These large transactions, coupled with the anticipation for the stablecoin launch, contributed to XRP's price rally.

- As the year progressed, the regulatory heat around stablecoins intensified following the Terra Luna crash. However, amidst the regulatory scrutiny, Ripple launched its stablecoin RLUSD during the post-election market euphoria. The new stablecoin is designed to facilitate efficient cross-border trade for enterprises.

- Finally, the most important development for Ripple and XRP is the confirmed rejig of the Securities and Exchange Commission (SEC). Sitting Chief Gary Gensler will vacate the position of Chairman of the watchdog on January 20, 2025. It was under Gensler's watch that the SEC filed the infamous suit against Ripple.

Now, as we head into 2025, here's what could impact XRP’s price.

- The closure of the SEC case will be a major boost for XRP. If the court rules in favor of Ripple, it will finally put an end to the regulatory uncertainty surrounding XRP and pave the way for the altcoin to be relisted on major cryptocurrency exchanges.

- The launch of Ripple's stablecoin RLUSD is another key development that could drive up demand for XRP in 2025. As more enterprises adopt RLUSD for cross-border payments, the use of XRP will increase proportionately. This, in turn, will put upward pressure on the price of XRP.

2. DOGE Will Ride the D.O.G.E Wave in 2025!

Dogecoin (DOGE) had an eventful 2024, thanks largely to Elon Musk. Here are some of the key highlights:

- After acquiring Twitter in late 2023, Musk began integrating DOGE into the social media platform. Users can now tip each other in DOGE, and Musk has even hinted at the possibility of using DOGE for Twitter Blue subscriptions. These initiatives have brought DOGE to the attention of a wider audience and helped boost its price.

- In another surprising move, Musk announced the formation of the Department of Government Efficiency, or D.O.G.E! The non-government wing of Trump's administration will be led by Elon Musk and Vivek Ramaswamy and is tasked with dismantling government bureaucracy. This development is sure to keep DOGE in the news and could further drive up its price in 2025.

- DOGE is also being accepted in various places amid rapidly rising popularity. A local government office in Japan began accepting DOGE for taxes in Q3. In fact, DOGE's price trajectory overshadowed Bitcoin in November.

- A pseudonymous crypto analyst, TraderTardigrade, recently pointed out that DOGE has reproduced a pattern it made in 2020 and 2021. In those years, the meme coin price skyrocketed after making the pattern. Moreover, the analyst noted that DOGE could go as high as 8,150% (to around $30) from the current zone of $0.3.

DOGE is now the 10th largest cryptocurrency by market capitalization. As we move into 2025, here's what could impact DOGE’s price.

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