Pro-XRP lawyer John Deaton has shared his thoughts on XRP potentially displacing Ethereum as the second-largest cryptocurrency by market capitalization. According to Deaton, XRP has a good chance of surpassing Ethereum, citing industry personalities like Laura Shin, who have questioned Ethereum’s dominance .
Deaton believes that Ethereum’s dominance is at stake, and XRP is a prime candidate to displace it. He also mentions that other cryptocurrencies like XDC Network and Hedera (HBAR) could potentially challenge Ethereum’s position .
Currently, XRP’s market value is around $167.71 billion, while Ethereum’s market value is approximately $378.08 billion .
For XRP to surpass Ethereum, it would need to increase its market value by around $210 billion.
It’s worth noting that XRP has been performing well lately, with a 433% growth since November, while Ethereum’s growth has been relatively slow, with a 27% increase over the same period .
$XRP $ETH
However, it’s still uncertain whether XRP can maintain its momentum and eventually surpass Ethereum.#Xrp🔥🔥 #Ethereum