Ripple may overtake Bitcoin in market capitalization. Such a statement was made by analysts at Weiss Ratings. The analytics agency Weiss Ratings published a ranking of promising cryptocurrencies, in which the XRP token climbed several positions. In the near future the coin may overtake even Bitcoin in popularity, provided there is a steady increase in capitalization and other indicators. A statement with forecasts regarding the further development of the market appeared on the official Weiss Ratings resources. Analysts are confident that Bitcoin will hold its positions, but serious competitors may emerge, among them XRP.
«Payment systems are of great value to miners and traders, since tokens from them are in demand among the population. The XRP network has every prospect of overtaking BTC, which is showing relative instability. Just a few years ago it was simply impossible to predict such a turn of events. Now it is only possible with a steady build-up of the capitalization of the corresponding cryptocurrency», said representatives of Weiss Ratings.
Bitcoin is a strong opponent. Bitcoin's market capitalization currently stands at around 71 billion dollars. Ripple's market capitalization lags behind it by roughly 4 times, but is actively gaining momentum. The token sits in third place in the ranking of the largest cryptocurrencies.
On social networks he expressed displeasure with such pessimistic forecasts regarding Bitcoin. Many miners are confident that it will nevertheless see a so-called to-the-moon (the most powerful growth of a cryptocurrency over a short period of time), but predicting its date is still difficult.
