Canary Capital's CEO Steven McClurg shared his views on the future of XRP and other altcoins, discussing forecasts for market share and prices.
XRP's Prospects in the ETF Market
Steven McClurg expressed optimism that XRP could soon capture a larger share of the market, particularly regarding assets managed through ETFs. Currently, Bitcoin leads this market with approximately 5.6%, while Ethereum has around 3%. According to McClurg, both XRP and ETH's market shares could reach about 6% in the future as they become more recognized as financial instruments.
Predictions for Bitcoin and Altcoins
When asked about his market predictions, McClurg stated he expects Bitcoin's price to hit $140,000 this year. He added that an altcoin season is anticipated in 2025, noting that although some altcoins will experience a boom, not all will reach new highs. 'I don't think Solana or Ethereum will break new records this year. I also believe that newer altcoins like SUI, Injective, and Axelar have a higher chance of breaking new records.'
Role of XRP in Financial Transactions
McClurg highlighted that XRP's rise will depend on ongoing legal and regulatory developments, expecting XRP to reach a new peak within this year, even if it doesn't achieve a new all-time high.
Steven McClurg's insights reflect growing confidence in XRP and other altcoins, yet their success will depend on various factors, including the ETF market and regulatory developments.
