Recent observations suggest XRP might become a serious competitor to Ethereum. Lawyer John Deaton predicts this scenario could unfold by 2025.
Market Analysis
Ethereum currently ranks second in cryptocurrencies with a market cap of approximately $177.7 billion, while XRP stands at $106.5 billion. However, in terms of fully diluted valuations (FDV), XRP leads with $184.15 billion compared to Ethereum's $178.95 billion.
Community Support for XRP
John Deaton points out that XRP has strong grassroots support, with over 75,000 holders joining together to submit an amicus brief in favor of Ripple during its court case. This collective action demonstrates the power and commitment of the community.
XRP's Prospects Against Ethereum
While Ethereum dominates in areas like smart contract functionality and institutional backing, XRP emphasizes cross-border transactions and regulatory compliance. Predictions about XRP becoming a serious competitor to Ethereum are based on growing trading interest and community support.
Although a potential XRP flip of Ethereum remains speculative, the discussion around it is increasing. Leading experts like John Deaton believe that the gap between these two cryptocurrencies may be narrower than previously thought.
