The crypto market is showing a strong rebound, with XRP and Cardano gaining increased attention.
Price History and Market Capitalization
XRP's price peaked at $3.84 in January 2018 and is currently trading at about half that value. To achieve a 10x gain, XRP would need to reach near $20, aligning with an approximate market cap of $1.1 trillion.
In contrast, Cardano has a market cap of around $21.62 billion, with an all-time high of $3.10 reached in September 2021. For Cardano to deliver 10x gains, it would need to rise to about $216 billion.
XRP Institutional Positioning and Legal Status
Ripple is making strides in institutional finance, including the acquisition of Hidden Road. The launch of an ETF for trading XRP adds to its strategic position.
Ripple's recent settlement with the SEC was seen as a positive development, despite ongoing legal uncertainties as pointed out by XRP advocate Bill Morgan.
> "Such an odd thing that Ripple says the Appeal and Cross-Appeal is settled but the SEC writes to Judge Torres that the matter is still on appeal." - CITE_W_A
Ecosystem Activity and Network Outlook
Ripple is deploying its RLUSD stablecoin and transitioning post-trade activities to the XRP Ledger. Meanwhile, Cardano is focused on upgrading its performance and scalability through projects like Hydra.
AI suggests that XRP demonstrates stronger potential for 10x gains ahead of the next bull run due to its institutional integrations and active usage, while Cardano faces challenges in maintaining market enthusiasm.
Given the current landscape, XRP appears to be better positioned for substantial growth compared to Cardano. Ongoing regulatory uncertainties and delays in Cardano's project execution present hurdles for its short-term prospects.
