Messari analyst Sam Ruskin suggests that XRP could surpass Ethereum to become the new altcoin leader, driven by the 'Trump effect' and a potential XRP ETF launch.
XRP and Market Dynamics
Ruskin explores that XRP could surpass Ethereum, particularly after Donald Trump's inauguration, expecting XRP's price to soar between 35% and 50%. While Ethereum's market cap stands at $415.3 billion, XRP's is significantly lower at $187.4 billion.
Impact of Trump Inauguration
Trump's inauguration could be a significant event for the crypto market. The analyst speculates that figures like Ripple CEO Brad Garlinghouse might attend, drawing more attention to XRP.
Future of XRP and Other Factors
Potential XRP ETF launch and new capital gains tax policies may also affect XRP's price dynamics. Ruskin also predicts potential investment rotation into legacy cryptos such as XRP and others.
These factors could strengthen XRP's position in the market, potentially surpassing Ethereum in the race for altcoin leadership.
