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Ethereum has been the king of altcoins for many years now, but could it be dethroned? As XRP gains increased adoption, some say it could take the second spot in the crypto market. At the time of writing, Ethereum is trading around $2,956.66 USD, while XRP is at about $1.87. Clearly, the former still holds a strong lead, but a shift wouldn’t be out of the question, especially if XRP adoption skyrockets and ETH faces regulatory and scaling issues. To be clear, XRP flipping ETH wouldn’t mean the price of the former will necessarily rise to new heights and overtake Ethereum’s. It would, however, require it to eclipse Ethereum’s market cap (you wouldn’t want to miss out on such a huge milestone, so be sure to check both the news and the fluctuating XRP price prediction to be the first to learn how things unfold).
But until we have the verdict, let’s dig into the journey of these two crypto assets so far, and see whether XRP has what it takes to surpass Ethereum.
Overview of XRP and Ethereum
Blockchain’s journey has been fascinating to say the least, and Ethereum and XRP Ledger are a testament to it. While both are decentralized, they are built for entirely different missions:
Ethereum is the brainchild of Vitalik Buterin, and its purpose is to create a world where digital ownership, finance, and agreements don’t rely on middlemen, but run on code instead. At the same time, it serves as the cornerstone of NFT marketplaces, DeFi, and numerous dApps, all of which are powered by ETH.
XRP Ledger focuses on just one thing: fast and low-cost cross-border payments. Created by Ripple Labs, XRPL has brought incredible opportunities for banks and financial institutions, eliminating delays and fees associated with traditional systems. XRP, its native t… Read More
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