With the rapid developments in the digital currency market, a question is being raised about the possibility of Ripple (XRP) advancing to occupy the second place in terms of market value, surpassing Ethereum (ETH) within the next four years.
Current status:
Ethereum (ETH):
Current price: around $4,047.39 USD.
Market Cap: Estimated at around $483.48 billion.
Ripple (XRP):
Current price: about $2.64 USD.
Market Cap: Estimated at around $150.96 billion.
Future expectations:
Some analysts suggest that the price of XRP could rise in the future. For example, some analysts predict that the price of XRP will reach $5 in the next five years, and $50 in the next ten years.
Influencing factors:
1. Institutional and technical adoption:
Ripple is looking to strengthen its partnerships with financial institutions to speed up international transactions, which could help increase demand for XRP.
2. Technical updates:
Ethereum is developing its network through updates such as Ethereum 2.0, which enhances its efficiency and attractiveness to investors.
3. Organizations and legal issues:
Ripple faces legal challenges that could impact its reputation and adoption in financial markets.
Conclusion:
Despite the optimistic forecasts for XRP price growth, it will require significant and sustainable growth to surpass Ethereum in terms of market capitalization, in addition to overcoming technical and legal challenges. Therefore, the possibility of Ripple occupying the second place in the next four years remains subject to market developments and the aforementioned influencing factors.