DOGE and XRP Price Corrections Expected in December 2024; MTAUR Gains Attention
December 2024 is shaping up to be a pivotal month for the cryptocurrency market. Both Dogecoin and XRP Ripple are showing signs of price corrections following their recent strong rallies. In the midst of this, a new presale token called MTAUR is making waves. Let’s take a closer look at what’s happening with these major cryptocurrencies and why MTAUR is sparking interest.
DOGE: Dogecoin Price Faces Pressure but Shows Potential
Dogecoin has experienced significant price fluctuations in 2024. Currently priced at $0.3931, it has seen a 9% decline in just one day. The coin maintains a substantial market cap of $57.76 billion, with a daily transaction volume of $9.71 billion.
With a supply of 146.95 billion DOGE, the rapid rise in the Dogecoin price is challenging. However, there are indications of a “bull pennant” pattern emerging, which could potentially drive the DOGE price to $0.9–$1 in the near future. This pattern is instilling hope among Dogecoin stock holders for a recovery.
Despite recent fluctuations, Dogecoin remains highly transacted in USD pairs, attracting both retail and institutional investors. Its popularity as a meme-based cryptocurrency remains strong in the market.
XRP: Price Stabilizes After a Big Rally
XRP Ripple has had a successful year, with the XRP price surging by 158% to reach a peak of $1.40. Currently, the XRP price stands at $1.40, with a market cap of $79.72 billion and a daily transaction volume of $10.32 billion.
Following this impressive rally, analysts anticipate a correction in the XRP price to the $0.9–$1 bracket. This adjustment is necessary for sustainable growth in the future. Recent news surrounding XRP highlights Ripple’s efforts to drive adoption for cross-border payments.
With 57 billion XRP in circulation out of a total supply of 100 billion, the XRP market is tightly controlled. Ripple’s escrow system manages 55 billion XRP, contributing to market stability and confidence.
