$XRP has already started the race with Ethereum for second place. In 2018, the coin held second place in the cryptocurrency ranking, but now it is held by Ethereum. Armstrong is confident that in the near future, XRP has a good chance of surpassing Vitalik Buterin's creation.
The crypto blogger explained that Ripple, the company issuing the cryptocurrency XRP, has become a major player in the global financial system. The cryptocurrency XRP can be attractive for both BRICS countries and Western countries that may want to use XRP as an 'intermediate currency' for international settlements, reasoned the crypto enthusiast.
Despite ETH's popularity among large investors, retail traders may shy away from it due to the slow transaction speeds on the Ethereum network. Especially with faster competing blockchains like Solana available, Armstrong added. He acknowledged that organizations that do not require instant transactions will continue to prefer Ethereum due to its role in the development of decentralized finance (DeFi).
Currently, the market capitalization of Ethereum is $409 billion. This is almost four times the figure for XRP — $128 billion. #BtcNewHolder $BTC