XRP Could Overtake Ethereum, Says Analyst, But How?

A crypto analyst is making waves with a prediction that XRP could not only catch up to Ethereum but actually surpass it to become the second-largest cryptocurrency by market cap, only trailing Bitcoin. This isn’t just a minor shift; it’s a bold claim that has the crypto community buzzing.

Egrag Crypto, the analyst behind this prediction, believes that the usual flow of money in the crypto market—from Bitcoin to Ethereum and then to other large cryptocurrencies—is about to change. He envisions a scenario where Bitcoin’s gains will flow directly into XRP, skipping Ethereum, before moving onto other altcoins. He’s betting that XRP is uniquely positioned this time around to lead the charge, making a jump over Ethereum more likely. According to Egrag Crypto, the first “flip” will occur when XRP hits a market cap of about $500 billion, pushing its price to somewhere between $7 and $8. The second flip, he argues, will happen when Ethereum climbs to $6,000-$8,000. This would then send XRP into a massive rally, potentially reaching between $20 and $27, and a market cap of over a trillion dollars.

Adding fuel to the fire, Egrag Crypto also suggests that Ethereum’s fundamentals are looking shaky, pointing out its rising inflation rate which undermines its claim to be “ultrasound money.” Another analyst, CasiTrades, has noted that XRP’s recent correction brought it back to a key level around $3.08, which is also being closely watched by other market participants. Whether Egrag Crypto’s prediction will materialize remains to be seen, but it definitely adds another layer of intrigue to the already volatile crypto market. Will XRP pull off this impressive feat, or will Ethereum hold its ground?

See also  Fed's Powell Comments Continue To Rock Crypto Markets: BTC Below $98K, Altcoins Bleed Out

Source: Ethereum | Bitcoinethereumnews.com

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