Bitcoin has been the top cryptocurrency since its creation. It has the largest market cap, the highest price value so far and is the most popular. However, not everyone sees Bitcoin as the leading cryptocurrency, neither do they see it as the one with the brightest future. This is revealed in a Twitter poll in which XRP and Bitcoin were compared.
“Other” was also an option and the Twitter user, ‘Robert Rektford’ asked which of the three would have a market cap of 2-5 trillion by 2025. Out of a total of 1,456 respondents, 83% indicated they believe XRP will have that market cap by 2025. Only 13% voted for Bitcoin while 4% voted for other cryptocurrencies.
A look At XRP’s Performance So Far
XRP is currently the third-largest cryptocurrency by market cap. Its market cap is currently at just over $12 billion. Although a good number of the top ten cryptocurrencies are currently on the gaining side, XRP has lost over 3% in the last 24 hours while its top rivals Bitcoin and Ethereum have gained 2.98% and 2.24% respectively in the last 24 hours.
This is just the current performance of the asset, but it was also reported as the worst performing among the top ten cryptocurrencies in the first half of 2019. At the end of June, XRP had appreciated a meager 12.45% from the opening price of $0.35 in January to the closing price of $0.39 in June.
Bitcoin which had only 13% of respondents expecting it to hit a market cap of 2-5 trillion in 2025 gained nearly 190% within the same period. In fact, XRP’s performance was closest to TRX which gained 69%, over 5 times of its own. The huge optimism for XRP revealed by the poll only reveals that the cryptocurrency has a huge fan base that believes in its future regardless of what happens now.
Is The Projection Possible?
Some Twitter users commented on the poll, one of who was @garlinghousesn1. He said a market cap of 2-5 trillion will place the price of XRP at $40-$100 which he said is unrealistic.
“This (2-5 trillion market cap) puts XRP ~$40 to $100. That’s likely too high,” he wrote.
Also, that will mean a price gain of over 1000x in the next 6 years which will only be possible if XRP continues its price gain at the current pace over the next 6 years.
The market is quite unpredictable and things could get even better. But where will Bitcoin be if XRP actually hits 2-5 trillion in the market valuation?