Crypto investment: Why some people choose XRP or Doge coin over BTC?

Ripple and Dogecoin can process transactions much faster than Bitcoin. Ripple can process up to 1,500 transactions per second, while Dogecoin can process up to 33 transactions per second.

Ripple aims to facilitate fast and low-cost international money transfers for banks and financial institutions using its technology called RippleNet. Dogecoin started as a meme-based cryptocurrency but gained a community following. At this stage it is like a funny thing to draw a comperision between BTC and other lower priced crypto. But surprising fact is that millions of crypto beginners are asking about the question that why some people choose xrp or doge over BTC. However the total market of XRP and Doge including $41 billion. XRP holds 27.57 billion and doge has $14 billion wherever the only BTC has market capital nearly $150 billion. But the interesting fact is that still huge no of people are interested about those cryptos like XRP or Doge. Dogecoin has around 4 million holders.

Why to choose other crypto over BTC:

Lower price per coin: 

Ripple and Dogecoin have lower prices per coin than Bitcoin, which means that investors can buy more coins for their money. This can be attractive to investors who are looking to make a large profit if the price of the coin goes up.

Faster transaction speeds: 

Ripple and Dogecoin can process transactions much faster than Bitcoin. Ripple can process up to 1,500 transactions per second, while Dogecoin can process up to 33 transactions per second. This makes them more suitable for use as a digital currency for everyday payments.

Lower transaction fees:

The transaction fees for Ripple and Dogecoin are also much lower than Bitcoin. This makes them more affordable to use for small transactions.

Meme factor:

Dogecoin is a meme coin, which means that it was created as a joke. However, it has gained a large following of fans, and some people believe that it has the potential to become a more mainstream cryptocurrency.

Technology preference:

Ripple aims to facilitate fast and low-cost international money transfers for banks and financial institutions using its technology called RippleNet. It focuses on improving the efficiency of cross-border payments, which can be appealing to individuals and entities in the financial industry. Dogecoin started as a meme-based cryptocurrency but gained a community following. It's often used for tipping and charitable donations due to its friendly and approachable branding. Its low transaction fees and fast block times can also make it attractive for microtransactions.

Innovation and Features:

Cryptocurrencies like XRP and Dogecoin can offer unique features and innovations that differentiate them from Bitcoin. These features might align better with certain use cases or goals that users have in mind.

Investment Potential:

Some people might choose to invest in cryptocurrencies like XRP and Dogecoin because they believe these coins have the potential for significant price appreciation. Cryptocurrency markets can be volatile, and some investors are drawn to assets they perceive as having higher growth potential.

Community and Sentiment:

Dogecoin, in particular, has garnered a strong and enthusiastic community that enjoys its lighthearted nature and its history of supporting charitable causes. Community sentiment and engagement can play a role in people's choice of cryptocurrency.

Accessibility and Familiarity:

Dogecoin's mascot, which features the Shiba Inu dog from the "Doge" meme, has made it recognizable and approachable to a wide audience. This familiarity can make it more appealing to individuals who are new to the world of cryptocurrencies.

Speculation and Hype:

Cryptocurrencies can often experience periods of hype and speculation. During these times, certain coins might capture public attention and see significant price increases. Some individuals might choose Ripple or Dogecoin based on the perceived potential for short-term gains.

Personal Preferences:

Ultimately, individual preferences play a significant role. Some people might simply prefer the branding, community, or goals associated with Ripple or Dogecoin over Bitcoin.

 

Conclusion:

However the discussion is turnover into doge vs Bitcoin as XRP is almost dead due to SEC fight. BTC and Doge rely on similar blockchain software but lots of unique features make them apart from one to another. As doge stands with fast processing with lower transaction costs, while BTC is the market leader that commands the most value. So as a consultant it is good to say that before choose either BTC or Doge depends on investing preference and goals.