XRP Aims for First Place in Crypto Dominance, According to BitBoy

• BitBoy predicts that XRP's dominance growth could surpass that of Bitcoin, with potential returns surpassing many crypto assets.
• The global adoption of XRP as a bridge currency sparks optimism for a price of $22, resulting in a market cap of $1.26 trillion.
• The token’s past 450% rally has reduced Bitcoin’s dominance; analysts expect similar patterns heading into the 2025 bull cycle.

Market commentator Ben Armstrong, better known as BitBoy, is generating significant interest within the crypto community thanks to his bold predictions about the potential of XRP. According to him, XRP could surpass Bitcoin in terms of dominance growth during the next bull market.

In a recent video, Armstrong explained that while XRP is not expected to reach the market capitalization of Bitcoin any time soon, it has the ability to provide better returns to its holders. His optimism is based on XRP's role as a bridge currency in the global financial ecosystem.

XRP vise la position d’Ethereum

Armstrong highlighted the fierce competition between XRP and Ethereum for second place in the cryptocurrency rankings. Although Ethereum has traditionally held this position, XRP briefly surpassed it in 2018. Armstrong believes that the cryptocurrency has a realistic chance of reclaiming this position during the next bull cycle.

He pointed out that Ethereum's slow transactions could prompt retail investors to turn to faster alternatives like XRP and Solana. However, he recognized Ethereum's enduring appeal to institutional investors due to its stability and strong presence in decentralized finance (DeFi).

Despite Ethereum's strong institutional backing, Armstrong believes that XRP's appeal to BRICS nations as well as Western financial systems could significantly increase its market capitalization.

Bold Price Predictions for XRP

Armstrong goes even further by predicting a potential price of $22 for the cryptocurrency during this bull cycle, which would correspond to a market capitalization of $1.26 trillion. This prediction relies on XRP's ability to leverage its global adoption as a financial bridging currency.

Currently, Ethereum's market capitalization stands at $411 billion, which is almost four times the digital asset's $128 billion valuation. To overtake Ethereum, XRP price would need to surge beyond $7. Although it is a challenge, Armstrong believes it is not an impossible mission.

He qualifies his predictions by indicating that surpassing Ethereum in terms of market capitalization is not guaranteed, but the rapid growth of XRP makes it a serious competitor in the cryptocurrency market.

Complementing this outlook, analysts point to the cryptocurrency's remarkable rally in November, which significantly reduced Bitcoin's dominance. Between November 3 and December 3, its price soared more than 450%, while its market capitalization exploded, reaching more than five times its initial value to $154.83 billion.

This price increase caused Bitcoin’s dominance to drop from 60% to 52%, with a reduction impact of 3%. Although Bitcoin's dominance has since regained some ground, Armstrong remains convinced that a similar scenario could occur again as 2025 approaches.

Although Armstrong does not anticipate market capitalization equality with Bitcoin any time soon, he firmly believes that XRP's growth in dominance will outperform Bitcoin's. This dynamic could deliver significant returns to holders, strengthening its position as a major player in the global financial ecosystem.

Good to know

• The popularity of XRP as a bridge currency could increase its adoption in emerging regions.
• Ethereum continues to play a significant role in the development of decentralized finance.
• The cryptocurrency community remains vibrant, with new trends regularly observed and analyzed.