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

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