Top crypto expert predicts that Shiba Inu will claim a top 5 spot while XRP rises to the top three in the next bull run.
In a recent tweet, Del Crxpto, a prominent crypto expert and analyst, made a daring projection for the upcoming bull run. With confidence, he asserted that during this highly anticipated surge in the crypto market, Shiba Inu (SHIB) would successfully claim its position among the top five cryptocurrencies.
Additionally, the crypto community influencer confidently stated that the forthcoming bull rally would propel XRP back to the top three positions on the list of cryptocurrencies with the highest market capitalizations.
Next bull run will see $SHIB return to the top 5 & $XRP return to the top 3.
— Del Crxpto (@DelCrxpto) July 26, 2023
Crypto Community Reacts
Del Crxpto’s claims garnered the crypto community’s attention, with many considering the projection possible. Responding to the tweet, a crypto enthusiast expressed optimism in the outlook in light of the recently filed exchange-traded funds (ETFs) applications.
The enthusiast hoped that with the green light for ETFs, the market caps would experience a significant surge, possibly doubling or even tripling their previous levels seen during the last bull run.
However, Del Crxpto seemed confident that the forthcoming Bitcoin halving would drive the anticipated bull run rather than the ETF approvals. He implied that this event alone would substantially impact the market, leading to the envisioned resurgence of Shiba Inu and XRP.
What XRP Needs to Rank Third
According to data from the well-known market tracker, CoinMarketCap, XRP ranks number four of the most significant crypto, with just one step to the top three.Â
Previously, a prominent crypto influencer expressed a similar sentiment that XRP deserves to be the third largest crypto, as The Crypto Basic reported. However, at the time, XRP was at position six.Â
The recent regulatory clarity from Judge Analisa Torres’ ruling has pushed XRP to number four. XRP is now just behind the market bigwigs Tether USD (USDT), Ethereum (ETH), and Bitcoin (BTC).
Meanwhile, for XRP to outrank USDT, it would need nearly a $50 billion additional investment to its existing $37 billion market cap. While this figure seems ambitious, some experts foresee XRP market cap potential crossing a trillion dollars in the upcoming bull run.
Shiba Inu Needs a 703% Surge
On the other hand, Shiba Inu has a market cap of $4.6 billion. Its market cap must grow at least 703% to $37 billion if it seeks to overtake BNB, which currently sits in the fourth position.
Shiba Inu would trade around $0.0000631 if such a rally materializes, effectively canceling a leading zero. This projection assumes that the asset’s 589 trillion circulating supply remains stable. Moreover, it could only overtake BNB if the token’s market cap remains stagnant during this period.Â
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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