Weiss Ratings analysts believe that XRP will bypass bitcoin by capitalization
January 9, 2019
According to analysts of the rating Agency Weiss Ratings, the XRP token will soon be able to displace bitcoin from the position of the largest cryptocurrency. This could happen in the next few years.
The statement of experts on the page Weiss Ratings on Twitter noted:
Payment systems tend to be much more valuable to society than means of preserving value. That is why we believe that such a payment network as XP will be able to exceed the capitalization of BTC in the coming years
Now the market capitalization of bitcoin is just over $71,004 billion, and the cost XRP tokens exceeds $15,986 billion XRP is on the third line of the rating of the largest cryptocurrency according to CoinMarketCap.
The second place is taken by ether, although at the end of last year XRP held the second position and only recently lost it to Vitalik Buterin's coin.
Many users of social networks do not agree with the position of Weiss Ratings analysts. They emphasize that the capitalization of bitcoin is now much higher than the cost of other cryptocurrency projects. In the coming years, no digital currency will be able to compete with bitcoin, which will keep the status of the leading coin in the crypto market.
One of the Twitter users under the name Crypto Kevin is sure that if XRP can bypass bitcoin by capitalization, it will happen only until 2100, as such processes are very slow.
Earlier it was reported that in mid-December amid the fall of the crypto-currency market, analysts of the Agency Weiss Ratings urged traders to buy bitcoin, which has already proved its viability and reliability.