XRP and Dogecoin made an impressive start to 2025, as both were among the best-performing cryptos in the Grayscale weekly snapshot.
It’s no surprise to include Dogecoin (DOGE) and XRP among the top gainers, as the altcoin market kicked off 2025 with solid uptrend momentum. According to gray scale datamemecoin joined XRP with a strong rise between December 26 and January 2.
XRP and DOGE among biggest weekly gainers
Grayscale data shows that XRP returned 11.9% during the week, recording the second largest gain from December 26 to January 2 this year. A look at the chart shows that as of January 2, XRP rose 15.9% in its year-to-date (YTD) return, bringing its market value to $139.9 billion.
XRP followed Cardano (ADA), which sharply reversed the recent downward trend to post a weekly return of 12.2% and 19% year-to-date according to MarketWatch data. Although modest in its gains, Dogecoin saw an 8.6% rally during this period to record the fourth largest gain during this period.
Looking at the data shows that the king of coins rose by 7.1% in the 48 hours after the start of the new year. At press time, Dogecoin has regained its bullish momentum to bring the market cap to $53.5 billion according to CoinGecko data.
Altcoin Strong Rally in Grayscale Weekly Snapshot
The weekly performance review disclosed by Grayscale shows Cardano up 12.2%, while XRP followed suit with 11.9%. Cardano’s (ADA) recent uptrend has seen this altcoin return to the path towards the elusive unit price. Although ADA failed to print the $1.0 mark, it positioned the crypto ninth upward as the crypto community is optimistic about favorable development as Donald’s inauguration Trump is getting closer.
Solana (SOL) claimed third place on the grayscale crypto snapshot with a weekly gain of 10.5% ahead of Dogecoin. The recent rally saw SOL close above the $200 mark for the first time since December 25, when Solana plunged from $201.40 to trade hands below $190..
A weekly grayscale snapshot reports other altcoins including Avalanche, Ethereum, Tron and Binance Coin made significant returns in the period ending January 2. Notably, Avalanche (AVAX) rose 5.1% while Tron (TRX) and Ethereum (ETH) recorded weekly returns of 4.9% and 3.6%, with the exception of Toncoin (TON), which fell 1.4% over this period.
Factors Fueling XRP and DOGE Rallies
Several factors are driving XRP’s recent rally, primarily optimism over the potential conclusion of the Ripple lawsuit filed by the U.S. Securities and Exchange Commission (SEC).
XRP enthusiasts are convinced that with pro-crypto candidate Paul Atkins succeeding Gary Gensler as SEC chairman, the multi-year lawsuit is close to being resolved. The XRP Army has often claimed that the securities watchdog led by Gensler has overseen an era of regulation through enforcement.
Speculation surfaced following the inauguration of the 119th US Congress that the head of Ripple Labs was seen as having the most pro-crypto lawmakers. Besides ending the case in the appeals phase, Ripple has strategic initiatives underway as it plans to enter the lucrative derivatives, tokenization, and stablecoin RLUSD market.
It seems that Dogecoin has recently attracted the attention of major market observers, as most predict that the largest meme coin could test uncharted territory in 2025.. Notably, lead analyst Javon Marks revealed in a recent X post, that DOGE could climb to $20 this bull cycle.
Marks’ optimistic prediction appears to be on track as whales accumulated 300 million Dogecoins on January 1. The increased activity of large investors signals the anticipation of a likely rise in DOGE to $20.
XRP saw an increase in market activity with a daily trading volume of 1.7%, reaching $4.564 billion. Such a contrast, DOGE market activity is currently down 37.70% at $3.696 billion in the last 24 hours.
