TL:DR;
- Ripple's native token has been among the brightest stars during this market cycle, surging over 400% at one point on a monthly scale.
- While the difference with eth is quite large at the moment, ChatGPT answers whether XRP has a chance to become the second largest digital asset.
The difference
Since Trump won the US presidential election, the entire market has been on fire, and perhaps rightly so. The Ripple token joined the party a little late, but became the top performer by skyrocketing from $0.6 to almost $3 in the span of just a few weeks. On its way up, it managed to surpass several altcoins, such as BNB and SOL, and even surpassed USDT to become the third-largest cryptocurrency by market capitalization.
ethereum was even slower when it had to follow suit with massive gains, but yesterday it surpassed $4,000 for the first time since March of this year, putting its 'Trump Pump' gains at over 50%. Although it is now slightly below its level, its market capitalization has increased to $480 billion.
As such, there is a substantial difference between the two assets in that capacity, as XRP's market capitalization is $140 billion. However, many experts believe that XRP has much more room to grow, especially with a more favorable regulatory environment in the US, which is expected given the election of Trump as the next SEC chairman.
Can XRP become second?
ChatGPT responded that Ripple has little chance of overtaking ethereum, and it all depends on several factors such as market conditions, regulatory clarity, technological developments, and broader crypto trends.
He added that This could occur under a friendlier SEC regime, which could also finally put an end to the four-year lawsuit between the two entities.
In terms of market cycles and sentiment, the ai chatbot said:
“In bull markets, speculation often drives altcoin prices to new highs. XRP has previously seen explosive gains during speculative phases.
However, the ethereum ecosystem tends to maintain interest during both bull and bear markets due to its usefulness beyond mere price speculation.”
ChatGPT concluded that the feat of overtaking eth would be a “difficult task.” Ripple must emerge victorious against the SEC, and XRP adoption rates must continue to accelerate, while at the same time, the ethereum ecosystem “would have to face major setbacks.”
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