Better Buy: XRP or Polygon?
Among the list of top cryptocurrencies trading for less than $1, two names stand out: XRP (CRYPTO: XRP) and Polygon (CRYPTO: MATIC). XRP and Polygon are trading at nearly the same price range ($0.60 to $0.70), and both are top-15 cryptocurrencies by market cap. But the fortunes of the two have diverged widely this year -- XRP is up almost 90%, while Polygon is down nearly 10% for the year.
On the surface, XRP would appear to be the superior investment, but is it really? Let's take a closer look to see which is the better buy.
Let's start off with XRP (formerly known as Ripple), which has been riding high this year, largely on the strength of a favorable ruling in its long-running legal battle with the Securities and Exchange Commission. In July a court ruled that XRP was not an unregistered security sold to individual investors in violation of U.S. securities laws. That was widely hailed as a major win for XRP. No surprise, then, that XRP immediately rallied nearly 80% on the news.
Source Fool.com
