XRP, the third-largest cryptocurrency in the world, has surged in price recently. Its market cap is now bigger than many well-known tech stocks.
Some are asking if XRP could soon surpass Advanced Micro Devices (AMD), a major player in the AI industry.
XRP’s Rapid Growth
Since Donald Trump’s election win, XRP’s price has skyrocketed by more than 530%. Trump’s support for cryptocurrency, along with promises to make the U.S. the “crypto capital of the world,” has helped boost XRP’s value.
XRP’s market cap, currently at $312 billion, is now larger than many long-established tech companies. It is now challenging AMD, which has a market cap of $199 billion.
AMD’s Struggles
AMD is a key player in AI, designing products like CPUs and GPUs. However, in 2024, AMD’s stock fell by 18%, partly due to competition from Nvidia, the leader in AI chips.
Despite this, analysts remain optimistic about AMD’s future, with many predicting a 40% upside.
XRP’s Potential
XRP has broken out after years of underperformance. The cryptocurrency is facing a lawsuit from the SEC, but most believe it will be resolved in XRP’s favor.
This could pave the way for further growth, especially with Ripple’s stablecoin, RLUSD, gaining popularity.
XRP’s network can process up to 1,500 transactions per second, making it a strong contender in cross-border payments. However, it faces competition from other cryptocurrencies like Solana.
The Future: Crypto vs. AI
The future of XRP and AMD depends on market conditions. If the crypto rally continues, XRP could surpass AMD in market value.
However, if the crypto market faces a downturn, AMD may have a chance to recover.
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