Investing 1,000 USD in XRP, Dogecoin, and Shiba Inu 1 Year Ago: Which Crypto Type Brings High Profit

In the context of the cryptocurrency market being vibrant over the past year with many coins reaching record highs, choosing which type of crypto to invest in can make a big difference in profits. Let's take a look at the journey of three prominent coins: XRP, Dogecoin, and Shiba Inu, when a $1,000 investment was made a year ago. XRP - Profit Booster Growth rate: +361%Initial purchase price: ~$0.5187Current price: ~$2.39Current investment portfolio value: ~4,610 USD XRP has had an impressive year of development, increasing by 361% compared to the previous year. Much of this upward momentum comes from key events that took place in Q4 of 2024: Market sentiment: Donald Trump's victory has created an optimistic atmosphere, supporting the crypto market. Regulatory clarity: Progress in SEC lawsuits has helped dispel previous concerns. Internal changes at the SEC: Gary Gensler's departure from the SEC has contributed to reducing regulatory uncertainty. Ecosystem expansion: The launch of the RLUSD stablecoin by Ripple marks a new development for the XRP ecosystem. ETF potential: Rumors of approving an ETF for XRP have attracted the attention of institutional investors. These factors together have turned an initial investment of 1,000 USD into about 4,610 USD, making XRP the most profitable choice among the three coins considered. Dogecoin - The Influence of Reputation and Trends Growth rate: +209%Initial purchase price: ~$0.0807Current price: ~$0.2496 (with sudden spikes up to ~$0.466503)Current investment portfolio value: ~3,090 USD Dogecoin still maintains strong appeal thanks to the community's spread and the influence of famous figures: Price surge in Q1 2024: Dogecoin has surged nearly 200%, pushing this coin to its peak in the cycle. Post-election boom in Q4: Another spike of 250%, with prices reaching ~$0.466503. Influence of Elon Musk: Posts and rumors about integrating Dogecoin into the X payment system have continuously created positive waves. Project innovation: The establishment of the Government Efficiency Department (D.O.G.E) under Musk's leadership further enhances the credibility and interest in this coin. Thanks to these motivations, a $1,000 investment in Dogecoin has increased in value to about $3,090, demonstrating the strength of the community and the influence of key figures in the industry. Shiba Inu - Overcoming Challenges with Effort Growth rate: +65%Initial purchase price: ~$0.00000956Current price: ~$0.00001577Current investment portfolio value: ~1,650 USD Although not as impressive growth as XRP or Dogecoin, Shiba Inu still recorded a 65% increase compared to last year: Explosion in Q1 2024: In the "memecoin frenzy" wave, the price of SHIB surged dramatically to ~$0.00003629, then rose 350% before experiencing a correction. Token burning process: Token burning programs help reduce the supply, contribute to stability, and increase the value of the coin. Expanding the ecosystem: The launch of the TREAT token has opened up a new chapter, expanding applications and utilities for SHIB. Although not achieving profits like XRP or Dogecoin, Shiba Inu still shows stable growth potential, turning the initial investment of 1,000 USD into about 1,650 USD. Comparison And Conclusion If you invested 1,000 USD in each of these coins a year ago, the results would be as follows: XRP: ~4,610 USD (profit 361%)Dogecoin: ~3,090 USD (profit 209%)Shiba Inu: ~1,650 USD (profit 65%) Through that, XRP has shown its superior strength with the most impressive growth, thanks to the combination of political, legal, and technological innovation factors. Meanwhile, Dogecoin still maintains its appeal thanks to the community and the influence of Elon Musk, while Shiba Inu, although less profitable, still asserts its position in the memecoin ecosystem. The strong fluctuations in the crypto market over the past year show that each coin has its own motivations and risks. Investment choices need to be based on many factors, from technical analysis to market trend assessment, in order to optimize profits in this volatile environment.