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XRP vs. Ethereum: Can XRP Outperform ETH?
In the world of cryptocurrencies, analysts are always looking for the most powerful coins to invest in. Recently, analyst Donalt, who correctly predicted the bottom of the cryptocurrency market in 2022, made the comment that XRP will outperform Ethereum (ETH) if the market accepts the bullish trend. However, the analyst also mentioned "one important condition". XRP - the "war horse" in the altcoin market Donalt has been on fire with XRP's growth since the coin's price was valued at $0.60. According to him, XRP is seen as the dominant coin in the altcoin bull cycle. As of press time, the price of XRP is reaching $2.30, up more than 342% from its Nov. 1, 2024, price of $0.52. This proves that XRP is resilient in the current period. Ethereum - the safer option in a falling market Although XRP is expected to be one of the biggest gainers, Donalt thinks Ethereum is the safer choice in case the market is bearish. According to Donalt, "You would feel better holding ETH instead of XRP if the market dropped. But XRP will yield a lot more returns if the market continues to rise." Currently, Ethereum is trading at $1,900, down from over $2,500 on Nov. 1, 2024. This drop in price partly reflects the volatility of the crypto market. Bitcoin - Signals from the "King of Crypto" With Bitcoin (BTC), analyst Donalt assessed that signs of recovery from the low of $76,600 over the past week bode well. However, he also warned that, "If BTC goes back to $70,000, that would be a very bad sign and a recovery would become a lot more difficult." To sum up, while XRP has strong growth potential, Ethereum is still seen as a safer option during periods of volatility. As for Bitcoin, investors need to be wary in case the price drops below $70,000, as that could signal a deeper downtrend.