According to Sam Ruskin from Messari, three crucial elements – the surge following the election, a possible filing for an XRP exchange-traded fund, and a shift towards popular coins among older investors (often referred to as “boomer coins”) – could pave the way for XRP to outperform Ethereum.
In a comprehensive analysis piece about XRP (XRP), Ruskin posited that it might outrank Ethereum (ETH) in terms of market capitalization. He based this audacious forecast on a projected 460% increase in XRP’s value post the 2024 U.S. election and heightened investor attention as key drivers.
As a researcher, I attribute the recent surge in XRP’s value to broader economic trends and distinct catalysts within the sector. Factors such as the inauguration of Donald Trump, rumors about a potential US spot XRP Exchange-Traded Fund (ETF), and proposed capital gains tax policies favorable to U.S.-based crypto projects like XRP have likely contributed significantly to its growth.
Furthermore, Ruskin observes a prevalent preference in the market towards well-established digital currencies such as Ripple (XRP), Hedera Hashgraph (HBAR), Stellar (XLM), and Cardano (ADA) – often referred to colloquially as “boomer coins.
Ethereum’s challenges
Although Ethereum encounters difficulties with heightened competition from scalability alternatives at Layer 2 and competing blockchains such as Solana (SOL), XRP benefits from a more cohesive community and a distinct vision for its part in shaping the financial landscape of tomorrow.
In simpler terms, Ruskin stated that the market value of exchange-traded funds (ETFs) based on Ethereum accounts for only 3%, while those based on Bitcoin account for almost 10% of their total amounts. This shows that retail investors have not shown the same level of interest in Ethereum as they have in Bitcoin, leading to lower morale within the Ethereum community.
As a researcher delving into Ethereum’s dynamics, I’ve noticed some worrying patterns emerging. Similar to how Ruskin might point out, the waning enthusiasm among retail investors in ETH is one such trend. Additionally, the overabundance of L2 (Layer 2) solutions and the fragmented nature of our community seem to be impediments to its expansion.
Instead, consider this: While some may be skeptical, Ripple’s (XRP) rising value and increased investor trust suggest potential near-term profits, as Ruskin forecasts a further 35-50% price surge within the ensuing months after Trump’s inauguration.
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2025-01-17 19:26