Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Among all the cryptocurrencies in the industry, few have seen as many comments and predictions as XRP. Once trapped under legal uncertainty, XRP has begun to reclaim attention thanks to favorable legal developments and the anticipated launch ofSpot XRP ETFs.
However, XRP’s current valuation is significantly below that of the largest cryptocurrency, Bitcoin. But what if XRP were to rise to the same market capitalization as Bitcoin? Data from MarketCapOf offers a glimpse into how much each XRP token would be worth if it reached Bitcoin’s current market cap. Linking XRP’s Price With Bitcoin’s Market Cap
Bitcoin’s market capitalization has reached heights that rivaland even surpass some of the world’s largest multinational corporations. Notably, Bitcoin’s current market cap of $2.415 trillion places it shoulder to shoulder with tech giants like Apple and Microsoft. At the time of writing, Bitcoin is the eighth-biggest assetby market cap, just behind Silver and Amazon, and well ahead of Meta Platforms, Broadcom, and Saudi Aramco. Related Reading Analyst Reveals Why XRP Has Not Followed Bitcoin’s Trajectory In 7 Years, And Why Everything Is About To Change 3 days ago
XRP is currently the third biggest cryptocurrency in terms of market cap, but its market cap is far below Bitcoin’s lead. However, many analysts and market commentators believe XRP stands out as one of the few assetscapable of challenging Bitcoin’s dominance. Source: Chart from MarketCapOf on X
This belief originates from XRP’s alignment with traditional finance. Its established partnerships with banks and payment providers give it a practical use casethat most cryptocurrencies do not have.
At the time of writing, XRP has a market cap of $168 billion, not even up to one-tenth of Bitcoin’s market cap. According to MarketCapOf, if XRP were to reach Bitcoin’s current market cap, each token would be worth approximately $40.68.
Given XRP’s circulating supply of about 53.4 billion tokens, this price prediction represents an increase of over 14,000% or 14.35x, from its current level of around $2.8. In practical terms, an early investor holding just 1,000 XRP today would see their holdings valued at more than $40,000 under this scenario. What This Means For XRP Holders
The comparison provides a valuable perspective on XRP’s long-term potential and the scale of value transfer possible within the crypto market. It also shows how far XRP needs to goin order to reach Bitcoin’s current level. Related Reading XRP Could Mirror 2017 Style Surge: Here’s How High The Price Will Go If It Happens 4 days ago
Bitcoin’s dominance today is due to its first-mover advantage and its acceptance as a store of value. However, XRP is growing in remittances and real-world asset tokenization,and Ripple’s stakeholders are working to challenge SWIFT. This gives the cryptocurrency a utility foundation that could cause the growth of its market share.
If Ripple continues to secure partnerships with central banks, payment providers, and institutional investors, as Ripple has increasingly done in regions like the Middle East, Southeast Asia, and Latin America, then the idea of XRP closing even a fraction of the gap with Bitcoin becomes less far-fetched.
At the time of writing, XRP is trading at $2.83. Another factor that could contribute to this projected price growth is if Spot XRP ETFs are launched in the US and they perform well. XRP trading at $2.81 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com