Ethereum and XRP are the two largest cryptocurrencies, and their market capitalization is one of the clearest ways to compare their values. Ethereum has established itself as the second largest cryptocurrency, but XRP following right behindalthough it was recently overtaken by BNB in the market capitalization ranking.
This difference naturally leads to valuation considerations that many investors revisit at any given time. How much would each XRP token be worth if its market cap matched Ethereum’s market cap, both at current levels and at Ethereum’s all-time high?
Current market cap of XRP and Ethereum
At the time of comparison, Ethereum was trading at around $3,035, up around 1.9% in the past 24 hours. This brings the company’s market capitalization to approximately $366 billion. Meanwhile, XRP is trading at $1.88 and has a market capitalization of approximately $113.8 billion.
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Using MarketCapOf Circulating supply based calculations, If XRP’s total valuation matched Ethereum’s current market cap, XRP would trade at around $6.04. This represents a 3.21x increase from XRP’s current price level.
In relative terms, XRP is shown to be valued at approximately 0.31 times the market capitalization of Ethereum. This comparison is purely mathematical and does not take into account changes in supply. This is just an indication of how much additional capital XRP would need to be on parity with Ethereum in the current situation.
Valuation if XRP reaches Ethereum’s all-time high
The situation changes further when Ethereum’s all-time high valuation is used as a benchmark. Ethereum’s highest market capitalization was recorded in August, when it hit an all-time high of $4,946, and stands at approximately $583.8 billion. If XRP receives the same valuation, MarketCapOf estimates: Each XRP unit looks like this The price is approximately $9.64. This represents an increase of 5.13x from the current price of XRP.
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In this scenario, XRP would be valued at approximately 0.20x Ethereum’s all-time high market cap. An investor who currently holds 1,000 XRP would have a position worth approximately $1,880 at the current price, approximately $6,040 if XRP matches Ethereum’s current market cap, and $9,640 if Ethereum reaches its highest valuation.
This number shows how large the gap still exists between the two assets, even though XRP is starting to gain institutional attention. Institutional perspectives are becoming increasingly important Following the release of Spot XRP exchange-traded funds are starting to attract new capital from both professional and traditional investors.
Interestingly, the valuation level implied by the MarketCapOf comparison is become conservative when placed It is next to the XRP price prediction that is widespread among crypto analysts. Matching Ethereum’s current or peak market cap, XRP would range from $6 to $9.64. These numbers are significantly lower than 2- and 3-digit numbers. A goal of over $100 is suggested. By several crypto analysts.
Featured image from Freepik, chart from Tradingview.com
