Leading crypto analyst Matthew Perry expressed his opinion that Ripple (XRP) may surpass Bitcoin in market capitalization based on its practical applications.
Reasons Why Matthew Perry Believes XRP Can Compete with Bitcoin
On his YouTube channel, analyst Matthew Perry stated that Ripple may become a more valuable asset than Bitcoin. He referenced the real utility of XRP in international financial transactions, claiming that in the future Ripple may exceed Bitcoin's capitalization. Perry emphasizes that this conclusion is based on the token's utility rather than speculation.
Current Market Situation and XRP's Impact
At the time of Perry's broadcast, Bitcoin's price was around $114,000, with dominance over 60%. Ethereum was trading at $3,665, while XRP was priced at $3.05, down 2.9% for the week. Perry argues that XRP may be undervalued compared to its practical use in financial institutions.
Ripple's Prospects Compared to Bitcoin
Perry believes that Ripple has the opportunity to expand its market share through functionality and real understanding of its implementation. He notes that while Bitcoin remains an important asset in terms of scarcity, XRP offers features that might ensure its price and market significance grow.
Despite most analysts and models predicting that Bitcoin will remain the dominant asset, perspectives like Perry’s indicate skepticism about XRP and may signal possible shifts in the future.
