Can Ripple (XRP) Flip Both Ethereum (ETH) and Bitcoin (BTC) to Become the Largest Cryptocurrency?

December 20, 2024

The most talked-about token has to be Ripple’s XRP, as discussions on whether it can become the king crypto by dethroning Bitcoin and Ethereum continue to intensify. As stated by Nick from NCashOfficial, XRP has clear benefits in terms of efficiency, scalability, and usage for major transactions. Until now, XRapid, one of the many applications of XRP, has proven to be a better alternative and perhaps the solution to Bitcoin’s problems of speed, lack of scalability, and high transaction costs. After Arrington Capital tested $50 million in XRP, paying a few cents in fees with nearly instant settlement, it demonstrated XRP’s practical advantages. XRP’s market capitalization is $138.6 billion, far from Bitcoin’s $2.04 trillion and Ethereum’s $471.2 billion. Ripple, the company behind the XRP token, has endured and grown tremendously in strength and expansion; however, overtaking either Bitcoin or Ethereum is a storyline for the longer term. Nick envisions a future wherein XRP flourishes in a regulated and utility-based market. Unfortunately for him, there is a slim chance that the current market cycle will be the one.

The advantage that XRP has rests on its usefulness and acceptance. It is becoming increasingly preferable for international projects of tokenization and cross-border exchanges. Its effectiveness places it in a competitive position in a market, shifting from speculative trading to tangible use cases. Even with these strengths, however, challenges remain. The likes of BlackRock’s backing of Bitcoin and Ethereum strengthen these two’s grip on the mantle, making the climb to the peak for XRP a tough one.

Ripple Compared to Bitcoin and Ethereum

Among crypto enthusiasts, Bitcoin has been considered “digital gold.” This is due to the trust and security provided by blockchains, being the first currency to be issued. Combine that with its vast market cap and strong usage, and it remains one of the top contenders. The downside is its slow transaction speeds and expensive fees, which hinder growth and real-world use cases. Smart contracts and Dapps run on Ethereum, making it a powerful, widely used platform. The ongoing transition from Ethereum to ETH 2.0 and the shift to a PoS consensus have been positive. This brings power efficiency along with better transaction times and throughput, which are beneficial.

XRP focuses on enhancing utility through minimal costs and high-speed transactions across regions, making it advantageous for international transactions. This emphasis on utility gives it a certain edge over its competitors, especially at a time when the ecosystem is transitioning toward actual use cases. That said, overtaking Ethereum or Bitcoin is a far-off dream, requiring tremendous support from investors and regulation to enter the ecosystem fully.

Rexas Finance (RXS): A Young Contender in a Market Filled With Bitcoin, Ethereum, and XRP

Amid the cryptocurrency rage, Rexas Finance (RXS) knows it cannot yet be compared with the likes of XRP. Instead, it focuses on pioneering among asset tokenization tokens. Gaining traction for reasons like its Token Builder, Launchpad, and Rexas GenAI, its features allow for easier token creation, product promotions, and AI-driven NFT assistance. Reinforced by its presale, Rexas Finance has raised $29 million and sold over 352 million tokens. so far, This has strengthened its vision, which crucially allows it to raise funds without being impacted or owned by communities. In the midst of the presale, the demand for RXS is growing as it is scheduled for listing on various crypto exchanges. Currently, stage 10 of the presale is underway, with a token price of $0.15. The company plans to list on exchanges in 2025 at $0.20. Demand is expected to increase once it becomes available on these platforms, making Rexas a notable player.

Certik Audit and Credibility

One audit that has gained traction among investors is the Certik audit, which confirmed that Rexas Finance is secure and complies with industry standards. This increased transparency builds user trust in the brand. Such credibility makes RXS a relatively safer investment option, appealing to both new and experienced investors during uncertain cryptocurrency trading times.

Incentives in the Form of Giveaways to Promote Community Engagement

Rexas Finance announces a $1 million giveaway to sustain a healthy community. Participants can win RXS tokens valued at $50,000 by bringing friends on board, advancing social media, and purchasing tokens during the presale phase. This initiative aims to compensate initial investors and create a broad base of active users.

Conclusion

More than anything else, the competition with Bitcoin and Ethereum aimed to be achieved by Ripple at the bottom of it all. Considering the transaction capabilities and its use as a growing currency among its users, XRP has the potential to emerge as a key player. However, the challenges posed by both Bitcoin and Ethereum are still significant. In such a fast-changing picture, Rexas Finance is now strengthening its position. With strong customer acquisition, solid market capitalization during the presale, and plenty of ideas for development, RXS aims to become one of the tokens to follow in a few years. Whether it replaces them or not does not really matter; with or without the XRP flip, Rexas Finance represents a great story for the market, focusing on utility and offering potential good returns.