Royal Kane Doubts XRP's Investment Potential Amid $81B Market Cap

Royal Kane, a Singapore-based investor, has expressed his skepticism towards Ripple's XRP token, stating that he would 'never invest in XRP' at its current stage. According to Kane, XRP's market capitalization of roughly $81 billion is already too large, and the token lacks products or revenue.

Kane prefers smaller-cap cryptocurrencies with stronger growth potential and compelling narratives, which he believes can attract fresh demand. He argues that investors seeking outsized percentage gains may find greater opportunities in smaller cryptocurrencies than in large, established assets like XRP.

XRP is currently the fifth-largest cryptocurrency by market capitalization, with approximately 62.8 billion tokens in circulation. The token recently suffered a sharp 12% pullback after the U.S. CLARITY Act failed to advance, and it remains 64% below its all-time high of $3.65.