TL:DR;
Ripple’s native token has been one of the brightest stars during this market cycle, rising over 400% at one point on a monthly basis. Although the gap with ETH is quite large as of now, ChatGPT answers whether XRP has a chance to become the second largest digital asset.
The Difference
Ever since Trump won the US presidential election, the entire market has been on fire, and perhaps rightly so. The Ripple token joined the party a bit late, but became the top performer by rising from $0.6 to almost $3 in just a few weeks. In its rise, it managed to surpass several altcoins such as BNB and SOL, and even surpassed USDT to become the third largest cryptocurrency by market capitalization.
Ethereum was even slower to follow suit with massive gains, but yesterday broke above $4,000 for the first time since March of this year, putting gains from the “Trump bombshell” in more of 50%. Although it is now slightly below its level, its market cap has risen to $480 billion.
As such, there is a substantial difference between the two assets in this capacity, as XRP’s market cap is $140 billion. However, many experts believe that XRP has much more room to grow, especially with a more favorable regulatory environment in the US, which is expected given Trump’s choice for the next SEC chair.
Can XRP become second?
ChatGPT responded that Ripple has little chance of outperforming Ethereum, and it all depends on various factors, including market conditions, regulatory clarity, technological developments, and broader crypto trends.
He added that XRP has benefited greatly from many of Ripple’s partnerships in recent years, and that it could rise even further if the asset sees its own ETF in the States, just as BTC and ETH did. That could happen under a friendlier SEC regime, which could also finally end the four-year lawsuit between the two entities.
In terms of market cycles and sentiment, the AI chatbot said:
“In bull markets, speculation often drives altcoin prices to new highs. XRP has previously seen explosive gains during speculative phases.
However, the Ethereum ecosystem tends to sustain interest during both bull and bear markets due to its usefulness beyond mere price speculation.
ChatGPT concluded that the feat of beating ETH would be a “tough task”. Ripple must emerge victorious against the SEC and XRP adoption rates must continue to accelerate, while at the same time the Ethereum ecosystem “should face major setbacks.”
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