Prominent cryptocurrency influencer Amonyx stirred heated discussions on X (formerly Twitter) after posting a bold prediction regarding XRP, declaring, “Believe it or not, I’m absolutely serious—#XRP will flip #BTC! Mark my words. See you soon.”
This statement was accompanied by an image of the cryptocurrency market rankings, showing XRP ranked third in market capitalization, trailing behind Bitcoin (BTC) and Ethereum (ETH).
Believe it or not, I’m absolutely serious— #XRP will flip #BTC ! Mark my words.
See you soon. 🫵 pic.twitter.com/HGaeBJ8MMj
— Amonyx (@amonbuy) January 3, 2025
Community Reactions and Speculations
The post sparked a flurry of reactions from the crypto community. Domenic Mercuri, a fellow X user, inquired , “And that would put the price where?” Another user, Juan, provided a speculative calculation, stating , “Around a 10x to get to the same market cap that BTC is at right now, so $24 atm.”
Around a 10x to get to the same market cap that btc is at right now so 24$ atm
— Juan (@Ap2Juan) January 4, 2025
Adding to the debate, MR.OAZBTRADES commented , “Things will be interesting when Japan’s liquidity comes in.” This comment aligns with ongoing reports that Japanese financial institutions are on the verge of integrating XRP into their payment systems, potentially increasing its adoption and liquidity in the region.
XRP and the Japanese Banking Sector
Recent reports highlight that Japanese banks are preparing to adopt XRP as part of a new remittance system. The proposal involves utilizing the XRP Ledger and Ripple’s Interledger Protocol (ILP) to streamline cross-border payments.
According to the report, the ILP will enable Japanese banks to connect with international financial institutions while facilitating domestic interbank transactions. This innovation is expected to reduce reliance on traditional correspondent banking systems using XRP as a bridge currency.
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The remittance system aims to simplify the transfer of value without needing multiple currency conversions, a feature that could significantly reduce costs and increase efficiency. Analysts believe this development could be a significant catalyst for XRP’s price and adoption.
Market Implications
According to the image shared by Amonyx, XRP is valued at approximately $2.42 with a market capitalization of $138.87 billion. In comparison, Bitcoin holds the top spot with a market capitalization of $1.91 trillion, and Ethereum ranks second at $414.69 billion.
For XRP to surpass Bitcoin in market capitalization, its price will need to rise approximately tenfold as pointed out by Juan, a prominent community member.
The feasibility of such a rise depends on several factors, including increased adoption by financial institutions , global regulatory clarity, and overall market sentiment toward digital assets.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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