Exploring the Potential of XRP Surpassing Ethereum in the Upcoming Altcoin Season
As the possibility of an altcoin season looms, a debate has sparked regarding whether XRP might overtake Ethereum during this phase. While Arthur Hayes, a notable figure in the crypto world, argues in favor of Ethereum, Dom Kwok stands firm on his belief in XRP’s potential to surprise the market.
Will XRP Outshine Ethereum as Altcoin Season Approaches?
In a recent social media post, Arthur Hayes emphasized that Ethereum is set to outperform XRP once the altcoin season kicks off. The BitMEX co-founder observed that Bitcoin recently achieved a new all-time high with substantial trading volume, and Ethereum is poised to follow suit and even surpass expectations. Hayes encouraged investors to brace themselves for a significant altcoin surge.
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Furthermore, Hayes highlighted that market dynamics are factoring in the possibility of an extension on tariff deadlines by Donald Trump, which could influence the market. He reiterated his stance that Ethereum will lead the charge among altcoins, including XRP, and anticipates a flourishing Ethereum ecosystem.
Conversely, Dom Kwok remains optimistic about XRP’s chances of eclipsing Ethereum. Earlier this year, he predicted this shift and now believes it might occur sooner than initially expected. As a former Goldman Sachs analyst, Kwok identified two key factors supporting this outlook.
The first factor is the RLUSD stablecoin, which could enhance XRP’s demand as the XRP Ledger’s native token. The necessity for RLUSD users to utilize XRP for transactions could serve as a catalyst. Additionally, the launch of Circle’s USDC on the XRP Ledger further strengthens this potential demand, positioning XRP to potentially outperform Ethereum.
Kwok also pinpointed the emergence of potential XRP ETFs as a significant driver that could propel XRP past Ethereum. He anticipates these funds will positively impact XRP’s market price, akin to how Bitcoin ETFs influenced Bitcoin’s value. These XRP funds are anticipated to debut this year, with market expert Nate Geraci noting that Ripple’s decision to withdraw its cross-appeal in the XRP lawsuit edges these funds closer to fruition.
The Simplest Bull Case for XRP
In another detailed analysis, Kwok presented what he considers the most straightforward bullish scenario for XRP that has largely gone unnoticed. He argued that with retail investors being priced out of Bitcoin and Ethereum, XRP becomes a more attractive investment option. As the third-largest cryptocurrency by market capitalization, XRP is trading at approximately $3.20, making it an appealing choice for new retail investors.
This combination of factors, according to Kwok, positions XRP as the most enticing cryptocurrency for fresh market entrants. The recent rally in the crypto market has propelled XRP’s price significantly, setting the stage for potential new highs in the upcoming weeks.
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