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Experts Reveal How XRP Can Flip Ethereum (ETH)

Experts Reveal How XRP Can Flip Ethereum (ETH)

TimestabloidTimestabloid2023/07/14 16:00
By:By Zaccheaus Ogunjobi

XRP has shown impressive market performance in the past months, while Ethereum has maintained relatively stable movement. This trend has led to increased speculation about whether XRP could surpass Ethereum in market capitalization.

XRP’s current market capitalization is $154 billion, calculated based on the number of circulating tokens. Its fully diluted valuation (FDD) which factors in escrowed tokens is approximately $267 billion. In contrast, Ethereum’s market capitalization is around $331 billion, its fully diluted valuation is equivalent to its market capitalization.

Given these figures, many analysts and investors believe XRP might be poised to overtake Ethereum. Some estimates suggest that a 16% price increase from current levels could bring XRP closer to achieving this milestone.

Token’s Price Growth Against Ethereum

Nic, Co-founder of Coin Bureau, recently pointed out that the XRP/ETH trading pair has increased by 451% since November 2024. This indicates that XRP’s value has surged nearly fivefold relative to Ethereum over the past four months. Based on this trend, Nic believes a 50% price rally could be enough for the token to overtake Ethereum in market rankings.

However, this projection is based on specific assumptions, including that Ethereum’s price remains stable. A continued upward trend for Ethereum could postpone XRP’s potential rise to the second position.

How Much Growth Can Surpass Ethereum?

At its current price of $2.67, XRP’s FDV stands at $267 billion. To exceed Ethereum’s $331 billion market cap, XRP would need a 24.7% price increase to bring its FDV to $333 billion.

However, rankings typically rely on circulating supply market capitalization rather than FDV. Under this metric, a 25% increase in XRP’s price would only push it to $3.3, resulting in a market cap of $193 billion. While this would be an improvement, it would not be enough to overtake Ethereum.

For XRP to reach a total valuation of $333 billion from its current $155 billion market cap, a much larger price increase is required. Specifically, a 115% surge would be necessary, bringing its price to $5.76. Notably, well-known crypto analyst Jack The Rippler has hinted that the token is gearing up to hit this price target.

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At this level, the asset would become the second-largest cryptocurrency behind Bitcoin. Additionally, its fully diluted valuation would reach $576 billion, positioning it well above Ethereum.

Ethereum’s Price Influence on the Flipping

While the asset’s recent growth is significant, its ability to surpass Ethereum depends on whether Ethereum’s price remains stable or declines.

Currently, Ethereum is trading at $2,712. If it continues to rise toward key resistance levels like $2,800 or $3,000, the token would need an even higher price jump to close the gap.

Ultimately, the token’s potential to overtake Ethereum remains uncertain and depends on broader market conditions and investor sentiment. However, its recent performance and experts’ predictions suggest it could be positioned for further gains in the coming months.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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