Many people seem to wonder a lot about the possibility that any altcoin at all could knock Bitcoin off its position as the world’s number one cryptocurrency. As unlikely as this is, especially with the fact that the “altcoin” tag seemed to have been exclusively created for every crypto that isn’t Bitcoin, there are people who might agree that it’s a possibility.
It’s only reasonable if a notion like this is to be considered, that the second and third largest cryptos are the most suitable candidates. Ethereum (ETH) aside, let’s take a look at Ripple’s XRP.
With services like xRapid or RippleNet, Ripple is doing everything possible to keep its XRP within the first few positions. Still currently the third largest crypto by market cap, XRP is also one of the most adopted cryptos in the market.
Recently, a crypto trader and analyst on Twitter known simply as “Crypto Bitlord”, revealed that Ripple has almost hit $1 Billion in XRP sales putting the coin in a great position to shoot up.
The tweet said:
Apparently Ripple has sold near $1B in $XRP.
That means there are some big buyers scooping it up and they aren’t stopping.
Now I want you to imagine what happens when they stop selling…
This thing will moon and it will moon HARD 🚀
— Crypto ฿itlord 🇦🇺 📚 (@Crypto_Bitlord) April 28, 2019
Predictions like this are not new in the crypto sphere and are actually a dime a dozen. However, this might not be one to dismiss because Ripple really does seem to always be unveiling one project/service or the other.
Forecast on XRP
A day after Crypto Bitlord posted the above tweet, he went ahead to post another, basically expressing an optimism which can only be described as enthusiastic.
The second tweet specifically expressed Crypto Bitlord’s belief that XRP could topple Bitcoin and be a “game changer.”
I’m just going to come out and say it.
Don’t worry about today’s prices, that doesn’t really matter. -Its a game changer.
Now most don’t understand this, which is normal.
They just don’t understand it. (Yet)
— Crypto ฿itlord 🇦🇺 📚 (@Crypto_Bitlord) April 29, 2019
It might be important to note that based on the replies to this tweet, most people strongly disagree that XRP could ever really topple Bitcoin.
1) XRP doesn’t have a CEO either.
2) XRP trust is spread broader than BTC, and you have control of who you trust
3) The XRP Ledger is more decentralised than BTC in terms of number of distinct entities you’d need to control/coerce to control the network
— Matt Hamilton (@HammerToe) April 29, 2019
On one hand, XRP – as one reply notes – might actually have a chance to do considerably well as it’s currently being used by major banks and other big institutions who need to move money around. This is definitely a plus for XRP. However, will this be enough to actually flip Bitcoin anytime soon?