The XRP community has begun assessing how much investors could
rake in
if XRP
ever matched
the market cap and price of Bitcoin.
Despite being around for over a decade, XRP still has a long way to go in terms of rivaling Bitcoin (BTC) for the top spot among the largest crypto assets. While XRP has historically been Ethereum’s biggest rival, the latter has maintained a clear advantage in market dynamics.
Prospect of XRP Matching Bitcoin
Interestingly, while XRP has not yet surpassed Ethereum, some market commentators have begun exploring its potential to even dethrone Bitcoin. In August,
financial analyst Coach JV predicted
that XRP could become the largest crypto asset by 2030.
In a recent commentary, Ben “BitBoy” Armstrong
discussed
XRP’s potential to become the “next Bitcoin.” While he acknowledged that XRP has advantages in speed and real-world integration, he also pointed out Bitcoin’s decentralization. Nonetheless, Armstrong posited that XRP could challenge Bitcoin in terms of market valuation.
Currently, XRP boasts a market cap of around $180 billion, trading at approximately $3 per token with a circulating supply of 59.87 billion tokens. In stark contrast, Bitcoin, as the leading crypto asset, enjoys a market cap of $2.436 trillion, valued at $122,261. Bitcoin stands as the first and only crypto asset to reach the $1 trillion and $2 trillion milestones.
Worth of $5,000 in XRP If it Hits Bitcoin’s Price and Market Cap
The question on many investors’ minds is: what would happen if XRP ever soared to Bitcoin’s current market cap? Should XRP achieve a valuation of $2.436 trillion, this would push the price to approximately $40.68 per token, based on its circulating supply.
For instance, should an investor put in $5,000 into XRP at today’s price of $3, they would acquire around 1,666.6 tokens. If XRP were to reach the current Bitcoin market cap, these tokens would then be valued at about $67,800.
Conversely, the prospect of XRP reaching Bitcoin’s actual price presents an even more staggering potential for returns. XRP would need to increase by a phenomenal 4,075,266% to match Bitcoin’s current value of $122,261. If achieved, the 1,666.6 tokens would be worth a breathtaking $203.7 million.
However, the chance of XRP catching up to Bitcoin’s price seems far-fetched. In the event XRP claimed Bitcoin’s price of $122,261, its market cap would surge to an improbable $7.32 quadrillion, showcasing how unrealistic such a rally would be.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
