CandleFocus BitBoy Says XRP Set to Flip Bitcoin Dominance Growth: Here’s How
2024-12-24
Author: Content Editor
Market commentator BitBoy predicts that XRP could outperform Bitcoin in dominance during the current bull run. While he believes XRP won't surpass Bitcoin's market cap, he thinks it has a strong chance of overtaking Ethereum for the second spot in the cryptocurrency rankings. BitBoy points out that XRP is positioning itself as a major player in the global financial system and could appeal to both BRICS nations and Western powers like the IMF. He suggests that regular retail investors may shy away from Ethereum due to its slow transaction speeds, giving XRP an opportunity to grow rapidly. Although XRP's market cap is currently much lower than Ethereum's, BitBoy believes it could reach Ethereum's market cap if it surpasses $7 in value, and even predicts a price of $22 for XRP. However, he does not expect XRP to reach the same market cap as Bitcoin in the near future. XRP's recent rally has already significantly impacted Bitcoin's dominance in the crypto market, and BitBoy expects this trend to continue into 2025.
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