crypto.news
2025-01-17 16:15:18

XRP could surpass ETH’s market cap: Messari analyst

Sam Ruskin from Messari highlighted post-election momentum, a potential XRP ETF filing, and the rotation toward “boomer coins” as key factors that could enable XRP to surpass ETH. Ruskin suggested that XRP ( XRP ) could surpass Ethereum ( ETH ) in market capitalization. In a detailed post on X, Ruskin pointed to a 460% surge in XRP’s price since the 2024 U.S. election and growing investor interest as reasons for his bold prediction. Ruskin attributes XRP’s recent gains to macroeconomic factors and sector-specific catalysts. These include the inauguration of Donald Trump, speculation about a U.S. spot XRP ETF filing, and proposed capital gains tax policies that could benefit U.S.-based crypto projects like XRP. Additionally, Ruskin notes a market trend favouring established cryptocurrencies like XRP, HBAR ( HBAR ), Stellar ( XLM ), and Cardano ( ADA )— dubbed “boomer coins.” You might also like: Boerse Stuttgart awarded first CASP license in Germany under MiCA Ethereum’s challenges While Ethereum faces challenges such as increased competition from layer-2 scaling solutions and rival blockchains like Solana ( SOL ), XRP has a more unified community and a clear narrative surrounding its role in the future of finance. “The market cap of ETH ETF’s makes up 3% of all Ethereum,” wrote Ruskin, “while the market cap of BTC ETFs makes up nearly 10% of all Bitcoin. Retail has not shown up for Ethereum like they have for Bitcoin, and morale onchain suffered as a result.” Ethereum’s on-chain metrics also reveal concerning trends. Ruskin highlighted declining retail interest in ETH, oversaturation of L2 solutions, and a fragmented community as factors hindering its growth. By contrast, XRP’s price momentum and growing investor confidence point to short-term gains, with Ruskin predicting another 35-50% price increase in the months following Trump’s inauguration. You might also like: Open Campus launches EDU Chain mainnet, unlocking $150m TVL

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.