I want some suggestion to invest in DOGE coin or XRP coin. I personally prefer DOGE coins. But I don't know how strong and active is the Dogecoin community currently? And How is Dogecoin being used in real-world transactions or by businesses?
My second choice is Ripple (XRP). But I want to know more details about it and then take a decision. What are some notable companies or institutions currently using RippleNet and XRP for their operations
Thank you.
If we base the liquidity that the two have, you can see in the picture below that the liquidity of XRP is higher compared to Dogecoin. Although they both have great liquidity.
So the choice really depends on you.
Now, if you ask me, I think the profit that can be obtained from Dogecoin is bigger than Ripple because it is cheaper than XRP, but this is just my opinion. I'm just not sure if the others here who are with us will agree with me.
Do you think that the use cases of each one of them would be needed to be considered?
Sure, DOGE has been there for a long time, but XRP can be used in so much more than a simple exchange. Some things even can be bought with XRP directly, as far as I know
I would say that it needs to be considered in terms of what potential each coin holds.