A crypto expert has promptly shut down the idea that XRP will ever surpass Ethereum. In his post, the analyst shared several reasons why he believes such an outcome is highly unlikely, highlighting the inherent differences in both cryptocurrencies in terms of infrastructure and utility.
Why XRP Is Unlikely To Overtake Ethereum
A debate over the future of two top cryptocurrencies is spreading across a small group of crypto enthusiasts after Ansem, a well-known crypto expert on X (formerly Twitter), firmly dismissed the notion that XRP will ever flip Ethereum. According to the analyst, Ethereum’s dominance is driven by its robust smart contract capabilities, widespread developer adoption, and its central role in the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystems.
The top altcoin has made a name for itself over the years, solidifying its position as the second-largest cryptocurrency and the number-one altcoin. Ansem argues that the high staking participation and gas fee model employed by the Ethereum blockchain contributes to its persistent adoption and demand, making it a leader in the Web3 space.
Ethereum is also a hub for Layer 2 scaling solutions and developer projects, which effectively boosts its growth and solidifies its position as a key player in the crypto industry. Based on the analyst’s reasoning, all of these innovative developments and solutions seemingly makes Ethereum far superior to XRP.
Unlike Ethereum, which focuses on smart contracts, XRP is centered on cross-border payments, which, while valuable, lacks the developer flexibility and diverse use cases that have fueled Ethereum’s growth. While Ripple has consistently made efforts to push XRP’s technology into traditional finance, Ansem explains that banking alone is not enough to challenge Ethereum’s dominance. The analyst also suggested that its integration into global banking was never a realistic possibility.
While staking and gas fees drive Ethereum’s ecosystem, the crypto expert highlights that XRP lacks similar growth drivers, making it difficult for it to surpass ETH. He also noted that the asset is nowhere near the level of adoption Ethereum has achieved since its inception.
Overall, Ansem has concluded that while the altcoin maintains a top spot in the crypto market, it is unlikely to challenge or even overtake Ethereum in terms of adoption, utility, and long-term value.
Analyst Shares Opposing View
Despite Ansem’s skepticism over XRP potentially surpassing Ethereum, some crypto analysts have pushed back, arguing that the altcoin has already achieved this feat. Market expert CrediBull Crypto responded to Ansem’s post, highlighting that XRP overtook Ethereum in the last market cycle, most likely during the 2018 bull run.
At its peak, the asset’s market capitalization briefly surpassed Ethereum’s to become the second-largest cryptocurrency in 2018. However, since then, Ethereum has solidified itself as the backbone of Decentralized Applications (dApps), undergoing consistent network upgrades and ecosystem developments.
Featured image from Adobe Stock, chart from Tradingview.com
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