XRP market commentator Coach JV has made an ambitious prediction that XRP will rise to become the world’s number one cryptocurrency.
He sees a future timeline in which XRP overtakes Bitcoin and Ethereum in terms of dominance.
From SEC Lawsuit to XRP Credit Card
In his remarks, Coach JV recalled the turbulent period in 2020 when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. At the time, several exchanges delisted XRP, and confidence in the token plummeted.
Fast forward to today, Ripple has prevailed in its legal battle, and its executives are now openly supporting new consumer products tied directly to XRP.
Specifically, Ripple CEO Brad Garlinghouse and CTO David Schwartz recently shared photos celebrating the launch of the Gemini XRP Credit Card. This first-of-its-kind product gives users up to 4% cashback in XRP on purchases such as fuel, dining, and groceries.
Gemini founder Tyler Winklevoss also showed support by granting Garlinghouse the card’s “whale limit.”
Coach JV’s Bold Forecast
According to Coach JV, Ripple’s victory over the SEC and its growing presence in mainstream finance will help XRP rise into the top two global cryptocurrencies. He predicts Ripple will evolve into a bank and become “one of the most disruptive companies in the financial system.”
By 2030, he envisions XRP positioned alongside or even above Bitcoin.
“I believe XRP will be number one, and Bitcoin will be number two. That is my prediction by 2030, so let’s see how this plays out,” he said. Coach JV added that his personal investment in XRP has already provided financial freedom for his family.
The Journey for XRP to Flip Bitcoin
However, XRP faces a significant challenge in surpassing Bitcoin. For context, XRP currently has a market cap of only $178.5 billion, whereas Bitcoin’s market cap stands at approximately $2.2 trillion, over 12 times larger.
In other words, XRP would need its market cap to increase by over $2 trillion to have a chance at overtaking Bitcoin. This scenario would require XRP to reach a unit price of approximately $38.
However, XRP is unlikely to surge over 1,160% from its current price of around $3 to $38 while Bitcoin remains stagnant. If Bitcoin continues to grow, the gap will only widen, making a “flippening” even more challenging.
Notably, several industry leaders, including the CEO of Coinbase and the founder of Cardano, have predicted that Bitcoin could reach $1 million per coin by 2030. That would give Bitcoin a market cap of over $20 trillion.
In comparison, Telegaon projects XRP could reach a maximum price of $48 by 2030, while Changelly forecasts around $23. Both projections give XRP a market cap of less than $3 trillion.
Even in the highly optimistic case that XRP hits $100, its market cap would still fall far short of Bitcoin’s projected $20 trillion.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
