Renowned crypto analyst, Del Crxpto, took to Twitter to make an audacious prediction for the upcoming bull run in the crypto market. With unwavering confidence, he declared that Shiba Inu (SHIB) would secure its position among the top five cryptocurrencies during the highly anticipated surge.
Del Crxpto didn’t stop there. He also asserted that the upcoming bull rally would propel XRP back to the top three positions on the list of cryptocurrencies with the highest market capitalizations. This claim has grabbed the crypto community’s attention, with many considering it within the realm of possibility.
Crypto Enthusiast Optimistic Amid ETF Hopes
Responding to Del Crxpto’s tweet, a crypto enthusiast expressed optimism in light of the recent exchange-traded funds (ETFs) applications. The enthusiast hopes the green light for ETFs will lead to a significant surge in market caps, potentially doubling or even tripling their previous levels seen during the last bull run.
Del Crxpto seemed confident that the anticipated bull run would be driven by the forthcoming Bitcoin halving, downplaying the significance of ETF approvals. He suggested that this event alone could substantially impact the market, paving the way for the resurgence of Shiba Inu and XRP.
XRP’s ranking, according to CoinMarketCap data, is currently at number 4, just one step away from reaching the top three positions. The recent regulatory clarity from Judge Analisa Torres’ ruling has contributed to XRP’s rise, placing it just behind the prominent market players Tether USD (USDT), Ethereum (ETH), and Bitcoin (BTC).
Market Cap Targets for Shiba Inu And XRP
For XRP to surpass USDT and claim the third spot, it would require an additional investment of nearly $50 billion to its existing $37 billion market cap. While this may seem like an ambitious goal, experts believe XRP has the potential to surpass a trillion dollars in market cap during the upcoming bull run.
With a current market cap of $4.6 billion, Shiba Inu would need a substantial 703% growth to reach $37 billion and overtake Binance Coin (BNB), currently sitting in the fourth position.
If the rally is successful, the price of Shiba Inu is expected to trade around $0.0000631, with one leading zero being eliminated. This projection is based on the assumption that the circulating supply of the asset, which currently stands at 589 trillion, remains stable. It’s important to note that for Shiba Inu to surpass BNB, the market cap of BNB must remain unchanged during this period.
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