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Expert Predicts XRP May Surpass Ethereum in Market Cap
Why XRP Could Rise to Number 2 in Crypto Rankings
A well-known crypto expert, Ben “BitBoy” Armstrong, has confidently stated that XRP has the potential to overtake Ethereum and claim the second spot in the cryptocurrency market, following Bitcoin. He shared his insights on this prediction, suggesting that XRP’s value could skyrocket to between $16 and $22 for this shift to occur.
Factors Behind XRP’s Potential Rise
Armstrong highlighted ongoing debates about which Layer-1 token could surpass Ethereum by 2025. While some may consider Solana as a strong contender, BitBoy firmly believes that XRP will be the one to watch in the coming years. He recalled that XRP had previously flipped Ethereum in 2018 and now sees a similar trend emerging once again.
He emphasized that XRP and Ethereum cater to different sectors within the crypto market, with XRP’s focus on cross-border liquidity making it a standout player. BitBoy also suggested that Ethereum might face challenges in the smart contracts space, which could impact its performance in the current bull run.
XRP’s Potential Price Surge
According to Armstrong, if XRP experiences a 3,000% rally, it could surpass Ethereum in market cap. Currently, XRP’s market cap stands at $30.84 billion, significantly lower than Ethereum’s $319 billion. By projecting XRP’s price to reach $16.8 to $22, Armstrong believes that XRP’s market cap could reach around $956 billion to $1.2 trillion.
Challenges for Ethereum
While BitBoy remains optimistic about XRP’s potential, he also pointed out Ethereum’s comparatively weaker price action during the bull run. Ethereum’s gains have been modest compared to XRP, which has shown a negative figure year-to-date. This disparity could further fuel speculation about XRP’s ability to overtake Ethereum in market cap.
Conclusion
BitBoy’s bold prediction about XRP’s ascent to the number 2 spot in the crypto market is founded on various factors, including its unique positioning in the industry. While the outcome remains speculative, it adds an intriguing layer to the ongoing dynamics of the cryptocurrency landscape.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
