Ripple (XRP) Big Move: Can It Flip Ethereum (ETH) Twice and Lead the Market?
- Egrag predicts XRP will flip Ethereum twice, reshaping market dynamics and positioning XRP as a major player.
- XRP is expected to overtake Ethereum when its market cap hits $500B, pushing its price to $7-$8 per token.
- The second flip will occur as ETH nears $6,000-$8,000, with token reaching $20-$27 and a $1-$1.3 trillion market cap.
Egrag Crypto has made a bold prediction that has caught the attention of the digital currency world. In a recent X post, he stated that XRP will flip ETH twice and change the face of the crypto market. In the forecast, it is expected that the dynamics of capital flow in the market will change significantly, which will affect the position of Ethereum as the second cryptocurrency.
Historically, the flow of capital in the crypto market has followed a clear pattern: Bitcoin (BTC) is at the forefront with Ethereum, large-cap altcoins, and lastly, other smaller altcoins during the Altseason. However, the analyst argues that this is set to change in the current cycle. He anticipates the new flow will be BTC XRP LargeCaps MidCaps Altseason where XRP will be playing a more significant role.
XRPs First Market Flip
According to Egrag, XRP will overtake Ethereum at two crucial points. The first flip is anticipated to begin as soon as XRP hits a market cap of approximately $500 billion. This would take the price of token between $7 and $8, putting it at the top of the market capitalization heap for the first time, even past Ethereum. This change could mark the beginning of a new period in the life of coin in the crypto market.
The second flip will be when Ethereum will reach the $6,000 to $8,000 value per token. The token could therefore rise to the $20 to $27 range with a market capitalization of between $1 trillion to $1.3 trillion according to analysts. This would further cement the position of coin in the cryptocurrency market, over taking Ethereum again.
Ripples Rising Competition with Ethereum
He also pointed to the problem of inflation on Ethereums side. Although the Ethereum community has labelled it as ultrasound money, its issuance rate is actually 3.1 times faster than its burn rate. This kind of inflation could be an issue for Ethereum, particularly as XRP has a more limited supply in circulation. As of writing, Ripple token is trading at $3.09, showing a 1.29% decline over the past day.
Source: TradingView
If capital flow moves as Egrag suggests it may, then Ripples token, XRP, could shortly begin to compete directly with Ethereum. Cryptomarkets are inherently volatile, yet the forecast is generating a lot of buzz. Investors are keenly waiting to see whether Ripple will be able to achieve these goals and if it can manage to flip Ethereum twice in no time. Should this change happen then it may be a significant development in the battle for the top layer of the cryptocurrency market.
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Text source: TronWeekly
