XRP Could Outpace Bitcoin as Market Cap Growth Continues
Ripple CTO Emeritus David Schwartz believes that XRP could outpace Bitcoin in market value. He made this prediction during an X space discussion, saying 'I do think it wouldn't happen from Bitcoin shrinking. It would happen from XRP growing faster than Bitcoin.'
Schwarz cited the XRP Ledger's higher functionality and speed compared to Bitcoin as a reason for its potential growth. He also stated that users may prefer features that Bitcoin can't support, which could lead to more adoption of XRP.
Recent data shows that XRP is currently outpacing Bitcoin in terms of price gain, with a 0.28% increase at press time on September 9. This comes as the overall crypto market cap declined by 0.33%, leading to an $8.88 billion loss.