Summary
- Geoffrey Kendrick of Standard Chartered predicted that XRP could surpass the market value of Ethereum (ETH) by 2028.
- Currently, the market capitalization gap between Ethereum and XRP is about $160 billion, and Kendrick noted that XRP needs to increase its market cap to close this gap.
- Kendrick cited the potential settlement of the SEC lawsuit, the possibility of an XRP ETF, and performance in cross-border payment businesses as reasons for his optimistic outlook on XRP’s growth.
There are opinions that XRP could overtake Ethereum (ETH) as the leading altcoin.
According to ZyCrypto on the 23rd (local time), Geoffrey Kendrick, Head of Digital Assets at Standard Chartered, predicted that XRP may surpass Ethereum’s market value by 2028.
As of 6:35 AM on the 24th (KST), CoinMarketCap showed the market capitalizations of Ethereum and XRP at $282.8 billion and $122.7 billion, respectively. For XRP to secure a higher market capitalization than Ethereum in the future, its market value must grow by more than $160 billion.
Kendrick highlighted the potential conclusion of the lawsuit between XRP and the Securities and Exchange Commission (SEC) as a key factor.
In addition, Kendrick cited the prospects of an XRP spot ETF and XRP’s performance in cross-border payment businesses as further grounds for his positive outlook.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
