The price of Bitcoin has kept it on top of the cryptocurrency chart since its creation. Bitcoin has the highest market capitalization and highest price value. It is the most popular digital currency. Some crypto enthusiasts believe that XRP can surpass the coin in the future. This result was revealed via a Twitter poll. The poll compared XRP and Bitcoin.
One Twitter user, ‘Robert Rektford’ reportedly asked which coin among the three options would have a $2-5 trillion market cap by the year 2025. Out of 1,456 respondents, about 83% believe that XRP’s market cap will reach $2.5 trillion by 2025. Another 13% voted for Bitcoin and 4% voted in favor of other cryptos.
Bitcoin (BTC) Price Today – BTC / USD
How XRP Has Performed Since This Year
XRP has been the third-largest crypto by market capitalization. Its market capitalization is currently over $12 billion. Even though a good number of cryptos in the top ten are on the gaining side currently, XRP has lost about 3% in value in the past 24 hours. The coin’s top rivals BTC and ETH have gained about 2.98% and 2.24% each in the past 24 hours.
This is the present performance of the asset class. However, it was also reported that XRP is the worst performing coin among the top ten cryptos in the first half of this year. As of June end, the price of XRP had appreciated by only a meager 12.45% from its opening price of $0.35 from January. It closed the month of June at $0.39.
Only 13% of the Respondents Believe BTC’s Market Cap Will Reach $2.5 Trillion
As for Bitcoin which reportedly had just 13% of the total respondents say they expect the market cap to reach $2-5 trillion by 2025 will gain nearly 190% in the same time period. In fact, the performance of XRP was the closest to TRX. TRX will gain 69%, which is x5 of its current market cap.
The level of optimism for XRP from the poll reveals that the digital currency has a very big fan base that believes in the coin’s future not what happens currently.
Is the $2.5 Trillion Projection Possible?
A number of Twitter users who commented on the poll that compared the assets believe that the market cap target isn’t realistic. One of those who openly downplayed the prediction was @garlinghousesn1. The user said a market capitalization of $2-5 trillion is going to keep the price of XRP between the areas of $40-$100 which is unrealistic considering the timeframe.
He also added that XRP will have to record a price gain of x1000 over the next 6 years. This can only be possible if the price of XRP continues to extend its price gain at a similar pace through the next 6 years.
The digital asset market is quite volatile and unpredictable. Things could get better. But where should we expect Bitcoin to be if the total market capitalization of XRP actually hits the $2-5 trillion mark?