The post 3 Reasons Why This Crypto Is Being Backed To Beat Stellar (XLM), Dogecoin (DOGE) and Polygon (POL) To $1 appeared on BitcoinEthereumNews.com.

Stellar Growth Limited by Small Transactions Market  Stellar’s over 10% rally this week has many investors hoping that its moment has arrived. The Stellar price is rallying hard on a rash of endorsements from private and public organizations, including the United Nations. However, the current Stellar price of $0.10 is a long way from $1. Moreover, the market for transactions is still relatively small. Therefore, even rapid market share growth for Stellar will still leave it as a big fish in a small pond. Massive Market Capitalization Caps Dogecoin Potential  Dogecoin’s almost 30% rally for the week makes it one of the top contenders for a $1 token in 2025. The Dogecoin price is enjoying a typical meme coin rally based on Elon Musk’s association with a Trump presidency. The problem for the Dogecoin price is that it already has an enormous market capitalization for a meme coin. Meme coins that are much smaller than Dogecoin can see huge rallies on small capital inflows. Meanwhile, Dogecoin’s current price of $0.20 will need to see more than $100 billion in capital inflows for its token to break $1. Uncertain Future for Layer 2 Blockchains Weighs on Polygon  Polygon is the closest to the $1 target, with a current price of around $0.40. The Polygon price is also up an impressive 25% this week, which is adding to expectations of a significant 2025 rally. The limit for the Polygon price is that the future of Layer 2 blockchains does not look promising. Layer 2 blockchains like Polygon have siphoned so much revenue that they are diluting the ecosystems they were meant to support. Polygon’s future remains extremely uncertain, despite the relatively small rally it needs to hit $1.  Rollblock’s Rally to $1 Driven by Game-Changing Tokenomics Unlike Stellar, Dogecoin and Polygon, Rollblock’s…

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Filed under: News - @ November 11, 2024 2:27 am