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Reading: Experts Predict XRP Could Surpass Ethereum with Promising ETF Approvals
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COINTURK NEWS > Ripple (XRP) > Experts Predict XRP Could Surpass Ethereum with Promising ETF Approvals
Ripple (XRP)

Experts Predict XRP Could Surpass Ethereum with Promising ETF Approvals

In Brief

  • XRP may surpass Ethereum in market capitalization, according to expert predictions.

  • Success of Bitcoin ETFs may influence future approvals for XRP and Solana.

  • Long-term benefits of blockchain technology should be prioritized over short-term gains.

Ömer Ergin
Ömer Ergin 4 months ago
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Recently, the future of XRP in the cryptocurrency world has sparked numerous claims. Renowned attorney John Deaton, a major supporter of the altcoin, suggested in an interview with Thinking Crypto that XRP could surpass Ethereum (ETH) $0.000224 in market capitalization, reaching a price range of $7 to $8. He also indicated that the U.S. Securities and Exchange Commission (SEC) might approve ETFs based on XRP and Solana $184 (SOL).

Contents
Success of Bitcoin ETFs as a Clear IndicatorBlockchain Technology and Long-Term Benefits

Success of Bitcoin ETFs as a Clear Indicator

Deaton pointed out the significant impact of spot Bitcoin $104,002 ETFs on the financial world. In their first year, these ETFs outperformed the capital accumulated by gold over 20 years, becoming one of the most successful investment vehicles in history. According to Deaton, Wall Street aims to replicate this success with major cryptocurrencies like ETH, XRP, and SOL.

Deaton noted that XRP appears attractive based on its current market values, emphasizing the high likelihood of it surpassing Ethereum. He stated, “XRP is currently the third-largest cryptocurrency by market capitalization. It has a very good chance of overtaking Ethereum.” However, he cautioned that the process may not be straightforward, as the SEC remains cautious in approving ETFs due to concerns about market manipulation and investor protection.

Moreover, growing institutional interest and potential substantial gains from these investments are increasing the likelihood of approval for XRP and Solana-based spot ETFs. Deaton added that focus should not only be on prices, but also on the real-world impact of blockchain technology.

Blockchain Technology and Long-Term Benefits

Deaton emphasized that the long-term effects of blockchain technology should not be overlooked. He believes that blockchain should be viewed not only as a means for short-term profits but also as a tool that can benefit humanity. “We should approach this sector not just as a way to make money, but by considering ways to improve people’s lives,” he said.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 24 January, 2025 - 7:05 pm 24 January, 2025 - 7:05 pm
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