Here’s What Needs to Happen for XRP to Surpass Ethereum
The post Here’s What Needs to Happen for XRP to Surpass Ethereum appeared on BitcoinEthereumNews.com. As XRP holds the third spot among the most valuable crypto assets for most of July, discussions about further progress from this level are emerging again. Notably, XRP climbed one step up the ranks by overtaking Tether’s USDT in the second week of July when its market cap surpassed $160 billion. It then rose to reach $216 billion, its highest valuation ever, shortly after. This further cemented its position as the third biggest crypto. Despite occasional fluctuations, XRP has consistently maintained a market cap above that of USDT as it trades above $3. Now, anticipation is growing for further progress from XRP to again surpass Ethereum, as it did in the first week of 2018. – Advertisement – Meanwhile, during XRP’s price and market value expansion, Ethereum did not sit idle. With ETH trading at $3,870, it boasts a 30-day gain of 57%, which notably outpaces XRP’s 43% gain during the same period. Overall, Ethereum’s market cap has expanded more significantly than XRP’s this month, further widening the gap between XRP and ETH. Specifically, at press time, Ethereum’s valuation stands at $467 billion, while XRP’s is $187 billion. What Does It Take for XRP to Overtake Ethereum? Despite the widening gap, optimism remains high in the crypto community about the rise of a new altcoin king, and the XRP Army believes their beloved coin will wear the crown. At the moment, XRP’s price needs to more than double from its current position to match Ethereum’s market cap. With XRP trading at $3.16 at press time, its price must expand approximately 2.5 times to slightly surpass Ethereum. This would mean an approximate price of $8 for XRP. However, any further price increase from Ethereum would widen the gap, reducing the odds of XRP overtaking it. Notably, analysts are already predicting a…
The post Here’s What Needs to Happen for XRP to Surpass Ethereum appeared on BitcoinEthereumNews.com.
As XRP holds the third spot among the most valuable crypto assets for most of July, discussions about further progress from this level are emerging again. Notably, XRP climbed one step up the ranks by overtaking Tether’s USDT in the second week of July when its market cap surpassed $160 billion. It then rose to reach $216 billion, its highest valuation ever, shortly after. This further cemented its position as the third biggest crypto. Despite occasional fluctuations, XRP has consistently maintained a market cap above that of USDT as it trades above $3. Now, anticipation is growing for further progress from XRP to again surpass Ethereum, as it did in the first week of 2018. – Advertisement – Meanwhile, during XRP’s price and market value expansion, Ethereum did not sit idle. With ETH trading at $3,870, it boasts a 30-day gain of 57%, which notably outpaces XRP’s 43% gain during the same period. Overall, Ethereum’s market cap has expanded more significantly than XRP’s this month, further widening the gap between XRP and ETH. Specifically, at press time, Ethereum’s valuation stands at $467 billion, while XRP’s is $187 billion. What Does It Take for XRP to Overtake Ethereum? Despite the widening gap, optimism remains high in the crypto community about the rise of a new altcoin king, and the XRP Army believes their beloved coin will wear the crown. At the moment, XRP’s price needs to more than double from its current position to match Ethereum’s market cap. With XRP trading at $3.16 at press time, its price must expand approximately 2.5 times to slightly surpass Ethereum. This would mean an approximate price of $8 for XRP. However, any further price increase from Ethereum would widen the gap, reducing the odds of XRP overtaking it. Notably, analysts are already predicting a…
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