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Top Asset Manager Reveals How Much XRP Must Rise to Surpass Bitcoin

Amelie (@_Crypto_Barbie), a well-known figure in the digital asset space, recently drew attention to a projection from asset manager WisdomTree stating that XRP would need to rise approximately 14 times in price, to $34.86, to overtake Bitcoin in market capitalization. Amelie emphasized, “XRP is coming for the No. 1 spot,” reinforcing her belief in the asset’s long-term potential.

The claim was accompanied by a data chart comparing Bitcoin and XRP, sourced from CoinGecko as of November 27, 2024. It showed Bitcoin’s circulating supply at 19.8 million and XRP’s at 57 billion. Bitcoin’s maximum and total supply were both listed as 21 million. Although XRP’s maximum supply stood at 100 billion, its total supply is less than 100 billion, due to over 13 million XRP being burned.

WisdomTree’s Valuation Context

WisdomTree’s estimate assumes a market capitalization parity scenario in which XRP would match Bitcoin’s current valuation. At the current circulating supply, reaching a price of $34.86 would represent a 14x increase from XRP’s recent levels.

Such a rise would push XRP into the lead in total market value, assuming Bitcoin’s market cap remains static. Experts have projected for years that XRP will flip Bitcoin, and with the asset’s history, a 14x price surge is a possible feat.

Community Reaction and Sentiment

Reactions from the cryptocurrency community suggest that many see the forecast as ambitious but not entirely out of reach. One user noted that “$34.86 feels bold,” yet acknowledged that such moves are not unprecedented in crypto markets.

Another wrote that predicting a 14x surge to flip Bitcoin is the kind of comment that draws attention, especially from those who may have previously overlooked XRP. The general tone across responses was supportive, with users expressing confidence that XRP has a realistic path to higher valuations.

XRP is Coming for Bitcoin’s Spot

XRP has outperformed expectations over the past few months. It briefly surpassed Ethereum’s Fully Diluted Value (FDV), and many experts believe it can beat ETH’s market cap and regain its spot as the second-largest cryptocurrency.

While XRP will have to grow significantly to beat Bitcoin, proponents argue its utility and scalability offer long-term value propositions that justify such expectations. Experts have also shown that XRP can’t be limited by its market cap and expect it to reach as high as $100, much higher than WisdomTree’s $34.86 target.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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