Shiba Inu (SHIB) and Ripple’s XRP token are among the most popular cryptocurrencies in the market. Both projects have a loyal fan following and are in a race to dominate the crypto market this year.
According to Google’s Bard AI (Artificial Intelligence), both projects “have distinct characteristics and are influenced by different factors, making a direct comparison challenging.”
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However, the AI chatbot has given some price levels that Shiba Inu (SHIB) and XRP could achieve in 2024. According to Bard, SHIB could hit a peak of $0.000013 this year. The price rise would translate to a growth of about 35% from current levels.
On the other hand, Bard anticipates XRP to reach $1.07 by Q4 2024. The price rise would translate to a growth of over 87% from current levels.
Will XRP outshine Shiba Inu (SHIB) in 2024?
XRP is one of the most popular currencies for cross-border remittances. Ripple has also partnered with several financial institutions to expand XRP’s adoption. Moreover, Ripple is involved in a few CBDC (Central Bank Digital Currency) projects.
SHIB, on the other hand, does not boast the same level of adoption. Moreover, the project lacks high utility. However, SHIB has released its layer-2 network, Shibarium, which aims to increase the asset’s utility aspect.
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Nonetheless, XRP might overshadow Shiba Inu (SHIB) in 2024. XRP currently faces some regulatory uncertainty. The SEC vs. Ripple lawsuit is in the high court, and investors await a verdict. Last year, a US district court ruled in favor of Ripple, stating that selling XRP to retail clients did not breach securities laws. There is a chance that the high court will rule similarly, thereby clearing XRP’s name. In this situation, XRP’s price may skyrocket.