XRP vs Dogecoin: Which Is More Likely to Be a Millionaire-Maker?

Core Insights - XRP and Dogecoin have significantly increased the wealth of early investors, with a $10,000 investment in XRP now worth $3.57 million and in Dogecoin worth approximately $7 million, despite the need to endure multiple market downturns [1][2] - Both cryptocurrencies have experienced declines over the past year, with XRP down nearly 10% and Dogecoin down almost 60%, raising questions about their future potential [2] Group 1: Differences Between XRP and Dogecoin - XRP, created by Ripple Labs, has a total supply of 100 billion tokens that were pre-minted, making it non-mineable, unlike Bitcoin and Ethereum [4] - XRP serves as a bridge currency for financial transactions, providing a faster and cheaper alternative to traditional interbank transfers [5] - Dogecoin, derived from Litecoin's code, can be actively mined and has no maximum supply, with 168 billion tokens currently in circulation, encouraging spending rather than hoarding [6][7] Group 2: Catalysts and Challenges - XRP faced significant challenges in 2020 when the SEC sued Ripple for allegedly selling unlicensed securities, leading to delistings from major exchanges and loss of financial customers [8] - XRP has shown resilience by recovering after the SEC lawsuit, while Dogecoin has struggled alongside the broader meme coin market [9] - The clearer catalysts for XRP suggest it may be a stronger long-term investment compared to Dogecoin [9]