How Much Could XRP Price Surge if it Reaches Ethereum’s Present Market Cap of $299 Billion?
XRP, currently struggling to maintain its value at $0.57, is widely regarded as an undervalued token in the cryptocurrency market. There is increasing speculation about what its price could be if it were to achieve the substantial market cap of Ethereum, which currently stands at $299 billion.
XRP’s Fall from Second to Sixth!!!
At one point, XRP held the position as the second-largest cryptocurrency after Bitcoin, until Ethereum surged in 2016. The battle for dominance continued until December 2017, when XRP’s market cap skyrocketed to $95.8 billion, surpassing Ethereum’s $70 billion.
Ethereum reclaimed the second spot, and the competition persisted until late 2019. Since then, Ethereum has maintained its position, while XRP faced bearish pressure due to the SEC lawsuit in December 2020. Despite Ethereum’s market cap reaching $575 billion during the November 2021 bull run, XRP lagged behind with a valuation of $60 billion.
Over time, XRP lost its position to Binance Coin (BNB), Tether (USDT), and most recently, Solana (SOL). Currently, XRP sits in the sixth position among the largest crypto assets, with a valuation of $28.5 billion.
XRP Could Reach a $299 Billion Market Cap
Many XRP supporters are concerned about its underperformance, as it transitioned from competing against Ethereum to settling in the sixth position in terms of market capitalization. While some analysts predict a potential comeback for XRP, these projections remain speculative.
If XRP were to replicate Ethereum’s market cap growth, which currently stands at $299 billion, its price would be $5.53, considering its circulating supply of 54.5 billion coins. This hypothetical price would represent a remarkable 957% increase from its current value of $0.5727.
XRP’s All-Time High Price
Achieving $5.53 would mark a new all-time high for XRP. However, if it were to reach a market capitalization of $1 trillion, similar to Bitcoin, the potential price for XRP could be approximately $18, presenting significant growth opportunities for the token.
While these projections are speculative, they fuel discussions about XRP’s potential and its ability to regain a more prominent position in the cryptocurrency market. Only time will tell whether XRP can capitalize on its historical standing and realize substantial gains in the dynamic crypto market.