During December 2017 and especially in January 2018 XRP (XRP), back then known as Ripple (XRP), was one of the top earners of the cryptocurrencies market. In January, the XRP surged significantly, and many crypto enthusiasts and traders predicted that this crypto token would surpass Ethereum (ETH) by market capitalization. However, that didn’t happen. Can XRP (XRP) still outperform Bitcoin (BTC) and Ethereum (ETH)?
Since January, when the XRP traded above $3, the Ripple (XRP) dropped significantly and lost momentum as regarding the trading volumes. However, this fact was due to the many lawsuits involving Ripple, the XRP’s owner.
On the other hand, XRP (XRP) was not very successful within the US markets but managed to sign some important partnerships with various financial and banking institutions in the Middle East, India, and Japan. However, to date, the most successful deal seems to be the one with SBI Holdings with which Ripple managed to launch the VCTRADE cryptocurrency exchange platform.
Can XRP (XRP) outperform Bitcoin (BTC) and Ethereum (ETH)?
Well, if we are to believe SBI Holdings and VCTRADE’s CEO, Yoshitaka Kitao, XRP (XRP), formerly known as Ripple (XRP), would have all that a cryptocurrency needs to dethrone Bitcoin (BTC) and, subsequently, the Ethereum (ETH) which is currently the second-largest crypto by market cap.
But Yoshitaka Kitao is a renowned XRP (XRP) bull and enthusiast so that he might be subjective on this matter. Even more, the companies he manages are way involved with Ripple and its crypto token, so, this would be another reason why Kitao might be subjective.
Additionally, Brad Garlinghouse, Ripple CEO, doesn’t see in Bitcoin (BTC) a robust ecosystem for payments, while Ripple’s platforms and the XRP token provide cheaper and faster transactions, as he said.
As for the Ethereum (ETH), its decline might be caused not by the XRP (XRP), known until recently as Ripple (XRP), but by the fierce competition from EOS (EOS), TRON (TRX), and Zilliqa (ZIL).
That being said, XRP (XRP) could outperform Ethereum (ETH) but not because it is a stronger crypto token. On the other hand, exceeding Bitcoin (BTC) is harder to achieve, at least at the moment, even though the XRP blockchain is faster than BTC blockchain.