XRP Stuck in Market Cap Quagmire as Ethereum Dominance Persists
XRP has seen significant gains in recent months, rising nearly 50% over the past three months and sparking renewed discussions about the possibility of overtaking Ethereum's market capitalization. However, according to calculations, XRP would need to increase its market cap by approximately $236 billion to surpass Ethereum.
Currently, Ethereum has a market value around 3.5 times higher than that of XRP, standing at $331 billion compared to XRP's $95 billion. To put this into perspective, if XRP were to reach $5.26 per token, it would require an increase of roughly 250% from its current price of $1.51.
Ripple's escrow releases also pose a challenge for XRP, with the company able to release up to 1 billion additional tokens each month, adding around $1.5 billion to the market cap at today's price.