#XRP VS BITCOIN 🪙 🪙 🪙

XRP to Challenge Bitcoin After Ethereum

Armstrong is confident that XRP can surpass Ethereum in market cap during this bull run. However, he acknowledges that it’s not a guarantee. While Ethereum will remain an institutional investment tool, he expects XRP to grow rapidly due to its appeal as a bridge currency in the global financial system.

Notably, Ethereum has a market cap of $411 billion, nearly four times that of XRP at $128 billion. XRP’s value must rise above $7 to reach Ethereum’s market cap. BitBoy has even predicted that XRP could reach a price of $22 this season, corresponding to a market cap of $1.26 trillion. This fuels his optimism that XRP could surpass Ethereum.

Meanwhile, Armstrong does not predict that XRP will reach the same market cap as Bitcoin in the near future. Instead, he sees XRP gaining significant ground against Bitcoin, particularly in terms of dominance. This would result in greater returns for XRP holders compared to Bitcoin.

XRP EATING INTO BITCOIN DOMANCE.

As The Crypto Basic reported earlier, XRP’s November rally significantly impacted Bitcoin’s dominance in the crypto market.

Specifically, Bitcoin’s dominance dropped by 6%, with XRP contributing 3% to this decline. From November 3 to December 3, XRP’s price surged by over 450%, and its market cap grew more than fivefold, reaching $154.83 billion.

This led to a temporary dip in Bitcoin’s dominance, which fell to 52%, though it has since rebounded to around 60%. Armstrong expects this scenario to play out again into 2025..