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Cryptocurrency News Articles
Why Ripple (XRP) Will Be Much Bigger Than Bitcoin (BTC): Top Analyst
Nov 29, 2024 at 07:30 pm
Many analysts have discussed the potential of Ripple's XRP and how far it can go, as well as that of Bitcoin. But what about when they are compared?
A popular crypto analyst has shared his thoughts on the XRP and Bitcoin price performance, explaining why XRP could eventually outsurge BTC.
The crypto YouTuber, known as Nick and operating the NCashOfficial channel with 140K subscribers, has presented his argument in a recent video. He challenges the widespread belief in Bitcoin’s perpetual market leadership, especially as the crypto space moves toward regulation and utility-driven valuations.
The analysis comes amid XRP’s recent outperformance of both Bitcoin and Ethereum, with the token surging by 120% year-to-date. At the same time, BTC and ETH have risen by 60% and 80%, respectively.
Here's why XRP could eventually outsurge Bitcoin, according to a top analyst. Many analysts have discussed the potential of Ripple’s XRP and how far it can go, as well as that of Bitcoin. But what about when they are compared? Which one would perform better?
Nick emphasizes XRP’s superior efficiency in handling large-scale transactions. He points to a test by Arrington Capital that showed XRP was able to transfer $50 million with minimal fees and near-instant settlement times, contrasting sharply with Bitcoin’s slower processing speeds and higher costs.
With XRP’s current market cap at $82.9 billion, Nick envisions a future scenario where XRP could potentially flip Bitcoin. While he notes this might not occur in the current market cycle, he maintains XRP is positioned to become a dominant force in a regulated, utility-driven market where real adoption determines value rather than speculation.
The analyst criticizes the institutional push behind Bitcoin and Ethereum, suggesting that major players like BlackRock are pivoting attention away from more practical solutions. He highlights XRP’s recent outperformance of Ethereum as a sign of shifting market dynamics, especially in the context of global tokenization efforts.
Nick argues that Bitcoin has failed as a viable network for financial use cases, dismissing claims about its store of value proposition. He suggests that when utility becomes the primary driver in a regulated space, XRP’s capability to handle trillions of dollars in daily transactions will set it apart from both Bitcoin and Ethereum.
The analyst concludes by predicting a substantial market shift that will surprise most investors. He suggests that institutional money will ultimately flow toward networks capable of handling real-world financial operations at scale. This positions XRP as a leading contender in the future of digital finance.
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