In the crypto industry, there is a growing view that XRP could surpass Ethereum in market capitalization by the end of this year. This opinion is supported by some experts and trading data.
Prediction by John Deaton
The main argument for this hypothesis was put forward by John Deaton, founder of CryptoLawUS and longtime representative of XRP holders in the Ripple-SEC case. He believes the gap in market cap between XRP and Ethereum is smaller than many assume.
Recent ETF Trading Data
The launch of a new XRP-based ETF, XXRP, has bolstered this argument. The first day of trading reported a volume of $5 million, placing it in the top 5% of historical ETF launches.
XRP vs Ethereum Comparison
Currently, Ethereum's market cap is around $177.7 billion, while XRP's is at $106.5 billion. However, the full diluted valuation (FDV) shows XRP could be higher, at $184.15 billion.
Despite the current figures, XRP aims to carve out its niche in the market with a focus on payments and accessibility, while Ethereum retains dominance in smart contract development.
