XRP has the potential to reach unimaginable price heights if it maintains its dominance in a scenario where the total crypto market reaches $100 trillion.
The crypto market has come a long way since Bitcoin (BTC), the original crypto, kick-started the movement in 2009. Notably, the earliest data from TradingView for the total crypto market cap (TOTAL) was in 2014. During this period, the total crypto valuation stood at $6.92 billion as of January 2014.
Bitcoin and XRP Market Cap Journeys
Today, this figure has increased to $4 trillion, representing an impressive spike of more than 57,600% over the past decade alone. While the arrival of new crypto assets has partly contributed to this increase, Bitcoin has managed to maintain the highest dominance over the market despite recent declines, currently at 57.74%.
Meanwhile, XRP’s market dominance took a more severe hit from its peak during the 2017/2018 cycle. For context, in 2017, XRP’s dominance shot up to 31.33%, pushing Bitcoin’s dominance to under 45% at the time. Today, XRP’s market dominance has collapsed to 4.55% despite the token observing a higher market cap. This is due to a greater market dilution.
Interestingly, this 4.55% figure is an improvement from the low of 1.05% observed just last year. XRP’s fortunes turned around for good when it launched an impressive rally following President Donald Trump’s election victory last November.
At the current dominance of 4.55%, XRP holds a market cap of $182.12 billion, currently changing hands at $3.05 at press time. However, several XRP community figures believe a surge to greater heights is imminent, especially considering recent adoption trends, spot ETF filings, Ripple’s partnerships, and the end of the SEC lawsuit.
XRP Price if The Total Crypto Market Hits $100T
Nonetheless, for XRP to reach much higher levels, the total crypto market would have to grow with it, providing the room for more expansion. Interestingly, some market pundits are already predicting such growth for the total crypto market.
For instance, Real Vision’s Raoul Pal suggested last month that the crypto market could rise from $4 trillion to $100 trillion by 2032 to 2034, essentially in around ten years. He projected that factors such as adoption and debasement could trigger this run, as the total number of crypto users grows.
If this prediction materializes, it will be utterly beneficial for Bitcoin and altcoins, especially if each asset maintains its current dominance.
For instance, if XRP retains its 4.55% dominance when the broader crypto market hits $100 trillion, it would have a market cap of $4.55 trillion, representing a new peak and putting it among the top 10 most valuable assets, considering today’s rankings. With this valuation, the XRP price will rise to $55.61 by 2034 if the supply rises to 81.81 billion tokens due to Ripple escrow unlocks.
Meanwhile, at a 57.74% dominance, Bitcoin’s market cap would reach $57.74 trillion. Considering a future supply of 20 million tokens, such a market cap would push the price of 1 BTC to $2.887 million by 2034.
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.
