be short-lived as the overall market downturn has affected XRP as well. The price has dropped by 10% in the past week, and it is currently trading at $0.60.
Despite the setback, Ripple has been making significant strides in expanding its network. The company recently announced a partnership with a major bank in Japan, which could lead to increased adoption of XRP in the country.
Looking ahead, the outcome of the SEC lawsuit will be a crucial factor in determining the future of Ripple. If the company wins, it could lead to a significant surge in price and renewed investor confidence.
Cardano (ADA)
Cardano has been one of the few cryptocurrencies that have managed to hold its ground in the current market downturn. The price has only dropped by 5% in the past week, and it is currently trading at $1.20.
The recent announcement of the Alonzo upgrade, which will bring smart contract functionality to the Cardano network, has generated a lot of excitement among investors. This could lead to increased adoption and usage of ADA in the future.
Looking ahead, Cardano’s ability to maintain its current momentum will depend on the success of the Alonzo upgrade and the overall market sentiment.
Dogecoin (DOGE)
Dogecoin has been one of the worst-performing cryptocurrencies in the past week, with the price dropping by 20%. The recent market downturn and lack of significant news or developments have contributed to the decline.
Despite the setback, Dogecoin remains a popular cryptocurrency among retail investors and has a strong community backing. The upcoming release of a new version of the Dogecoin wallet could also generate renewed interest in the cryptocurrency.
Looking ahead, Dogecoin’s ability to bounce back will depend on the overall market sentiment and any significant news or developments.
Polygon (MATIC)
Polygon has been one of the few cryptocurrencies that have managed to buck the trend in the current market downturn. The price has only dropped by 2% in the past week, and it is currently trading at $1.50.
The recent announcement of a partnership with Google Cloud has generated a lot of excitement among investors. This could lead to increased adoption and usage of the Polygon network in the future.
Looking ahead, Polygon’s ability to maintain its current momentum will depend on the success of the partnership with Google Cloud and the overall market sentiment.
