Earlier this year, a cryptocurrency analyst at Messari, Sam Ruskin, called for schools XRP to overtake Ethereum regarding market capitalization. On X (ex Twitter), Ruskin provided several macroeconomic and sectoral factors that could send XRP to the stratosphere.
— Sam Ruskin (wartime arc) (@CryptoSam01) January 16, 2025
As Ruskin stated, XRP increased by 460 % after the US presidential elections in 2024 and the beginning of Trump’s presidency. This, combined with increasing belief in a U.S.-Based spot XRP ETF filing, has boosted investor sentiment in the cryptocurrency.
Ruskin also focused on the K synopses of the potential capital gains tax laws that will be friendly to U.S.-based blockchain projects, which Ruskin feels may provide XRP an advantage over competitors.
The fourth reason Ruskin mentions is that XRP follows a market pattern of experienced cryptocurrencies like Hedera Hashgraph (HBAR), Stellar (XLM), and Cardano (ADA). As Ruskin puts it, these’ boomer coins are steadily gaining favor among investors in search of both haven and tangible utility within the growing chaos of the cryptocurrency sphere.
XRP Surges Ahead While Ethereum Faces Growing Market Challenges
XRP moves forward, but Eth moves backward with numerous issues. Layer-2 scaling solutions added more competition to Ethereum, and other prominent rivals,such as Solana, have caused ETH’s ecosystem to become rather diverse.
Ruskin insisted that the value of all ETH ETFs accounts for three percent of Ethereum’s overall market capitalization, substantially less than the nearly ten percent value of BTC ETFs in Bitcoin’s market capitalization. “Retail has not shown up for Ethereum like they have for Bitcoin, and morale on-chain has wobbled as a consequence,” Ruskin pointed out.
Furthermore, continuing to lose retail interest, saturated L2 solutions, and a fragmented ecosystem have pressured Ethereum to yield its position in the crypto market.
On the other hand, current sentiments are much better for XRP, which saw its prices soar and the confidence of its investors increase. Specifically, Ruskin forecasts the price of XRP will augment by another 35-50% in the months following Trump’s inauguration due to hype around an XRP ETF product and rising use from the financial industry.
Ruskin also mentioned the regulatory objectives underpinning XRP, XRP’s united community, and its story compared to Ethereum as a “future of finance” asset.
Ruskin’s insights have generated a discussion among decentralized platforms about the evolution of the market dominance period. Whether XRP will supplant Ethereum in the market cap is still debatable. Still, the factors cited by Ruskin indicate a shift of investor focus that sees macroeconomic and regulatory forces coming into focus.
While both have held their ground and fought exclusively for leadership and control in a still maturing market space, the next few months could well determine the overall direction of the digital instruments.
This news is republished from another source. You can check the original article here
