Dom Kwok, a former analyst at Goldman Sachs, believes XRP could soon surpass Ethereum. He sees XRP becoming the second-largest cryptocurrency by market cap.
As of January 19, 2025, XRP‘s market cap is around $177 billion. Ethereum‘s market cap is about $407 billion. For XRP to overtake Ethereum, its price would need to rise by 129.5%, reaching $7.07 per coin.
Kwok says the surge is driven by the growing interest in tokenizing real-world assets on the XRP Ledger. He also points to XRP‘s favorable US regulatory environment.
These factors have helped XRP gain 351% compared to Ethereum since November 2024.
Despite these gains, XRP will need more growth to surpass Ethereum. Ethereum still leads in adoption and has a large developer community.
However, XRP‘s rise, along with Ethereum’s issues like high gas fees and scalability, make XRP a strong contender.
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