The Crypto Face-Off: Can XRP Actually Overtake Ethereum? John Deaton Thinks So!

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Ah, John Deaton—crypto’s very own legal superhero—has thrown down the gauntlet. With all the flair of a stage performer, he’s boldly predicted that XRP might just wrestle Ethereum from its market value throne by year’s end. But of course, the crypto world is filled with the kind of reactions you’d expect at a dinner party with relatives discussing religion: some are buying the hype, while others are more skeptical than a cat in a room full of rocking chairs. 🎭

Let’s Talk About Deaton’s Big Claim

On April 9, 2025 (mark your calendars, folks), Deaton made his grand proclamation—XRP could actually flip Ethereum in market cap. Yes, you heard that right. But wait, before you dust off your dancing shoes and start celebrating, let’s get the facts straight. He based this audacious claim on the fact that XRP’s community has some serious muscle, with 75,000 holders actually banding together to sign a petition during Ripple‘s messy courtroom drama with the SEC. Can you imagine? A petition! For crypto! 🍸

And let’s not forget, Deaton pointed to the fact that the Teucrium 2x Long Daily XRP ETF launched with a bang, raking in a cool $5 million on its first day (April 8, if you’re keeping track). Now, the ETF is sitting comfortably in the top 5% of all new ETF launches, according to Eric Balchunas, a Senior ETF Analyst at Bloomberg. Who says crypto is dead? Certainly not Deaton, that’s for sure. 💅

Despite all the negative sentiment from people within the crypto industry, I’ve always maintained that XRP has much more appeal than industry players want to admit. Just think, 75K XRP holders joined together to petition the Court in the Ripple case – extraordinary. IMO, XRP…

— John E Deaton (@JohnEDeaton1) April 9, 2025

Well, the lawyer’s got a point. The $5 million in ETF trading volume shows growing confidence from investors. Still, XRP needs to grow by a whopping 67.5% to match Ethereum’s market cap. Yes, you read that correctly: a full 67.5%. So for those of you hoping for a crypto miracle, keep your eyes peeled and your wallets ready. XRP would need to hit $7.09 per token, assuming Ethereum doesn’t rocket even further ahead. 🚀

Ripple’s Legal Drama and South Korea: The Wild Card

Now, let’s talk about Ripple’s saga, which has been as dramatic as any daytime soap opera. The US SEC, bless its bureaucratic soul, decided to drop its appeal against Ripple, clearing the way for XRP to perhaps get its groove back. For years, this lawsuit was like a bad cloud hovering over Ripple’s ambitions. Now, with that cloud lifted, many are hoping for a brighter, more profitable future for XRP. 🍾

And here comes the real kicker: South Korea. Yes, it seems XRP is becoming the darling of South Korean investors, outpacing Ethereum in popularity. Reports indicate XRP even surpassed Bitcoin in trading volume on major exchanges like UpBit in late 2024. In one day, XRP raked in over $800 million in volume. Apparently, the world outside the United States is rather fond of XRP. Who knew? 🥂

But let’s not get ahead of ourselves, darling. Ethereum is still sitting pretty, firmly entrenched in the world of decentralized finance and smart contracts. With the upcoming Pectra upgrade promising to give ETH a shiny new coat of paint, Ethereum’s lead is hardly a laughing matter. While XRP is certainly making waves, it’s going to take some sustained momentum and investor confidence for it to close the gap. So, don’t hold your breath just yet. 😏

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2025-04-09 18:50