Analyst Umar Khan discusses the possibility of Ripple (XRP) surpassing Ethereum in market capitalization, although he doesn't expect XRP's price to reach Ethereum's level. Khan bases his predictions on the current market situation and indicators.
XRP's Market Cap Prospects
Umar Khan from 99Bitcoins believes that XRP could overtake Ethereum in market cap. According to him, if XRP's market cap doubles, it would reach about $280 billion, raising the token price from $2.40 to nearly $5. Increased demand might push prices between $5 and $10. Khan notes that crypto markets often move together during bull rallies, though Ethereum hasn't shown the expected spike this time. XRP also tends to rise in market rallies.
Community Sentiment and Bold Predictions
The XRP community seems unusually optimistic. Major exchanges like Bitrue suggest XRP is ready for a significant boost. Khan points out extreme predictions on social media claiming XRP might hit $10,000 per coin. He is skeptical about these claims, citing them as unrealistic anytime soon.
Is $100 XRP Possible?
While $10,000 seems unlikely, Khan doesn't rule out $100 per token in the future. With Ripple's legal case resolved, some fans anticipate a price surge. Khan reminds viewers that his analysis is not financial advice and encourages research before investing.
Umar Khan suggests XRP has growth potential and may overtake Ethereum in market cap, although reaching $100 per token requires favorable market conditions and time. Khan emphasizes the importance of awareness and research in crypto investments.
