While it may sound ambitious to some, certain segments of the crypto industry believe that XRP might actually surpass Ethereum in market capitalization before the year is out.
Part of the believers is John Deaton, founder of CryptoLawUS and long-time advocate for XRP holders in the ongoing Ripple-SEC case.
XRP’s Growing Momentum
Deaton argues that the gap between XRP and Ethereum is smaller than many realize, especially considering the recent developments in the market. One key indicator is the launch of the 2x XRP ETF (XXRP), which made waves by achieving a respectable $5 million in day-one trading volume. While this may not be headline-worthy for some in the industry, it’s important to note that the figure places XXRP in the top 5% of all ETF launches, outperforming the 2x Solana ETF (SOLT) by a margin of four times.
For Deaton, the significance of this isn’t just in the numbers but in the growing alignment of the XRP community. He points to the fact that over 75,000 XRP holders united to petition the court in the Ripple case, a move he sees as a clear sign of long-term conviction and real-world support.
The Numbers Behind the Prediction
Currently, Ethereum’s market cap stands at $191 billion, while XRP is at $115 billion. However, when looking at fully diluted valuations (FDV), XRP surpasses Ethereum, with an FDV of $198 billion compared to $191 billion. These numbers, at least on paper, are starting to challenge previous assumptions about the supremacy of Ethereum.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-could-surpass-ethereum-in-market-cap-by-year-end-says-expert/