Attorney John Deaton Predicts XRP Will Surpass Ethereum (ETH) to Become the Second-Largest Cryptocurrency by Market Cap

Attorney John Deaton, known for his pivotal role in the ongoing XRP vs. SEC legal battle, has confidently predicted that XRP could surpass Ethereum (ETH) to become the second-largest cryptocurrency by market cap.

Attorney John Deaton, who is spearheading a class-action lawsuit against the SEC over XRP, has boldly predicted that the cryptocurrency could flip Ethereum (ETH) to become the second-largest digital asset by market capitalization.

During a recent appearance on the Thinking Crypto Podcast, Deaton discussed several factors that could contribute to XRP’s bright outlook. Among them are the token’s recent price surge and the potential impact of upcoming financial products like the XRP ETF.

Key Highlights:

Deaton expressed optimism about the U.S. Securities and Exchange Commission (SEC) approving XRP ETFs, citing the successful launch of Bitcoin spot ETFs as a crucial precedent.

Deaton noted the massive success of BlackRock’s iShares Bitcoin ETF, which became the fastest-growing fund in history, attracting more funds in a year than gold did in the past two decades.

According to Deaton, Wall Street will be eager to apply the same model to XRP, Solana, and other major cryptocurrencies, which could lead to explosive growth for XRP.

Deaton’s bullish prediction that XRP could reach a price of around $8 in the near future, amid the ongoing bull run, would place its market cap at $461 billion, surpassing Ethereum’s current market cap of $401 billion.

Deaton believes that this price surge could occur before a market downturn, making XRP a strong candidate to flip Ethereum, which has seen slower price gains compared to other cryptocurrencies, including Bitcoin.

Notably, Deaton’s optimism aligns with recent trends, as XRP has outperformed Ethereum in the past 90 days, surging by an impressive 505%, while ETH has risen by 28%.

If XRP continues this growth trajectory, a jump to $8 would be within sight, putting it close to overtaking Ethereum.

However, for XRP to become the second-largest cryptocurrency, it would need to see a significant price increase, as Ethereum would also need to rise substantially to maintain its position in the top two.

Given Ethereum’s recent price stagnation, XRP has a good chance at becoming the altcoin king.

Throughout the conversation, Deaton also addressed the tribalism that has often plagued the cryptocurrency community, emphasizing that the success of one coin should not diminish the growth of others.

Deaton called for greater unity among crypto enthusiasts, urging the community to move beyond the “my coin is better than yours” mentality, especially as the industry recovers from past regulatory challenges.

As the XRP community grows more united and resilient, it brings XRP closer to overtaking Ethereum.

With developments like the XRP ETF and continued price surges, Deaton’s prediction of an XRP flippening is gaining steam in the crypto space.

As XRP continues to attract investor attention and build momentum, its potential to challenge Ethereum’s position in the top two cryptocurrencies becomes more palpable.

Stay tuned to see if XRP can fulfill its bold potential and push Ethereum aside in the coming months.