Renowned crypto analyst Del Crxpto has made bold predictions for the upcoming bull run, foreseeing Shiba Inu (SHIB) claiming a spot among the top five cryptocurrencies and XRP rising to the top three.
In a recent tweet, Del Crxpto expressed confidence in these projections, generating significant attention and discussion within the crypto community.
Next bull run will see $SHIB return to the top 5 & $XRP return to the top 3.
— Del Crxpto (@DelCrxpto) July 26, 2023
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Crypto Enthusiasts Respond with Optimism
Del Crxpto’s assertions received a positive response from many crypto enthusiasts, who found the predictions plausible, especially given the recent surge in exchange-traded funds (ETFs) applications.
Optimistic about the future, these individuals anticipate a substantial increase in market capitalizations, potentially doubling or even tripling the levels witnessed during the previous bull run.
However, Del Crxpto emphasized that the anticipated bull run would be primarily driven by the Bitcoin halving event rather than ETF approvals. He suggested that this event alone would have a significant impact on the market, leading to the expected resurgence of Shiba Inu and XRP.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
XRP’s Path to Ranking Third
Currently, according to CoinMarketCap, XRP holds the fourth position in terms of market capitalization, just one step away from the top three.
Recent regulatory clarity resulting from Judge Analisa Torres’ ruling has propelled XRP to the fourth position, trailing behind Tether USD (USDT), Ethereum (ETH), and Bitcoin (BTC). To surpass USDT and claim the third spot, XRP would require an additional investment of nearly $50 billion, pushing its market cap from $37 billion to around $87 billion.
Although this figure may seem ambitious, some experts believe that XRP’s market cap has the potential to surpass a trillion dollars.
Read Also: Pro-XRP Lawyer Provides Insights on SEC’s Potential Appeal Against Ripple Victory
Shiba Inu (SHIB) Surge Targets Fourth Position
Shiba Inu currently holds a market cap of $4.6 billion, necessitating a remarkable 703% increase to reach $37 billion, enabling it to overtake Binance Coin (BNB), which currently holds the fourth position. If this rally materializes, Shiba Inu would trade at approximately $0.0000631, eliminating a leading zero.
It is important to note that these projections assume the circulating supply of Shiba Inu remains stable at 589 trillion and that BNB’s market cap remains constant during this period.
As the crypto market eagerly awaits the next bull run, the predictions put forth by Del Crxpto have sparked discussions and fueled the excitement surrounding Shiba Inu and XRP. While these projections offer potential insights into the future of these cryptocurrencies, it remains to be seen how the market dynamics will unfold in the coming months.
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