Austin King, one of the founders of the Omni Foundation, made brave estimates about the future of Austin King, Ethereum and XRP Coin.
Austin King: XRP can pass Ethereum!
In a recent interview at Good Morning Cryning Crypto Podcast, Austin King suggested that XRP could soon cross the market -value Ethereum. According to King, “To be honest, Ethereum is not in a good place.” he said. King, as a long -term developer with experience in both Ethereum and XRP ecosystems, said that Ethereum could maintain its market dominance forward.
Among the factors affecting the bold perspective of XRP’s passing Ethereum, the network has recently experienced struggles. This led Ethereum to question the ability to protect his position as a leading entity.
Ethereum struggles with inflation and centralization
King pointed out that Ethereum has a great opportunity as the first large -scale deflationist network. Like Bitcoin, it is not only limited to its supply, but also less Ethereum every month. In this context, King said, “This was a super thing because it was a deflationist currency. This is not the case anymore ..
According to King, Ethereum began to externalize the activity to the layer 2 solutions, most of which are run on a single computer. King, who argues that these layer 2 solutions are not decentralized networks, believes that Ethereum erodes his reliability as a decentralized, deflationist entity. In this direction, King said, “My history is in computer sciences. I studied at Harvard, and I worked as a lot of engineering in my first company. My engineering brain does not see a way for Ethereum to become deflationist again. ” he said.
King also stated that Ethereum’s inflationary change was combined with a clear lack of development, and many people in the sector declined to the expectations of the existence. This perception contributed to Ethereum’s lifeless price movement in recent months. While Bitcoin was traded in the price discovery, Ethereum has not yet exceeded its previous peak.
XRP emerges as a serious competitor
Based on existing market trends, King pointed out that XRP and Solana (left) are serious competitors to cross Ethereum at market value. In particular, XRP maintained its position as a robust, deflationist asset with a clear usage area for assets and cross -border payments. While a total of 100 billion token supply of XRP cannot increase, it should be noted that Ripple typically circulates the net 200 million XRP from this supply every month.
King also added that XRP’s technological framework positioned it uniquely in the dominance race. With its more efficient infrastructure, King believes that XRP can ultimately replace Ethereum as the second largest asset of the market. Currently, the XRP is the biggest rival of Ethereum’s position, with an increase of approximately 580 %in the last three months. During this time, the XRP tried to reach the highest level of all time, while Ethereum remained largely stagnant.
Currently, the XRP has a market value of $ 140 billion, while Ethereum is far ahead of 322 billion dollars. However, if XRP sees a price increase of 145 %from its current $ 2.44 dollar, the price will reach $ 6. This price will be enough to cross Ethereum in the current valuation.
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