XRP briefly became the third-largest cryptocurrency by market capitalization in 2017. However, it has since fallen to #6 due to the legal battle between Ripple and the SEC, network congestion issues, and strong competition from Ethereum and Solana. 

This year, Ripple rolled out several important updates that boosted XRP Ledger’s adoption. The post-election rally also benefited XRP, which surged by 176.08% over the month. 

But to become the top 3 crypto again, XRP needs to outperform Ethereum. Strong technical indicators suggest this could be feasible in the upcoming years. 

In the meantime, the new Layer-2 solution PlutoChain (PLUTO) taps into the growing Bitcoin dApp market. This technology could position BTC as more than just a store of value and strengthen its #1 position.

Can XRP Outperform ETH? 

Ethereum, the leading Layer-1 network for decentralized applications, often struggles with high fees and slow transaction times. As a result, some users seek alternative solutions.

One such solution is Ripple, which has recently introduced native smart contracts on its XRP Ledger and the XRPL EVM sidechain, which is compatible with Ethereum. Additionally, the update includes Multi-Purpose Tokens (MPTs), Credentials, and improved support for NFTs and AMMs.

Ripple is also pursuing collaborations with other projects, including the Layer-1 blockchain network Cardano. These updates make XRP Ledger more appealing to developers and extend its applications beyond cross-border payments.

ETH is currently priced at $3,619, 25.84% lower than its all-time high of $4,891.70 recorded in 2021. XRP has consolidated around $1.46 after its recent attempt to break the $1.61 resistance level.

Technical indicators suggest that ETH may continue to rise in price in the short term and reach $4,215 by the end of the year. This would bring ETH’s market cap to over $507 billion. 

XRP, too, shows strong performance and may hit $3 in 2025. If it happens, XRP’s market cap would be $171 billion. To outperform ETH, XRP needs to reach at least $8.91, which might happen by 2030.

PlutoChain Aims to Uncover Bitcoin’s Potential 

While Ethereum and XRP vie for supremacy in the decentralized application space, Bitcoin remains primarily a store of value. PlutoChain could expand Bitcoin’s functionality through smart contracts and Ethereum Virtual Machine compatibility.

The total value locked (TVL) in BTCFi applications is only 0.13% of Bitcoin’s total market value. In comparison, Ethereum DeFi applications account for 10% of Ethereum’s TVL, which highlights the significant growth potential for the sector.

PlutoChain’s Layer-2 solution enables developers to create native applications on Bitcoin and migrate existing Ethereum applications, such as DeFi protocols, NFT marketplaces, and P2E games. This could unleash the full potential of Bitcoin’s $1.9 trillion economy.

At its core, PlutoChain might accelerate and reduce the cost of Bitcoin transactions. Essentially, PlutoChain could serve as a secondary layer that processes a significant portion of transactions and allows the Bitcoin mainnet to focus on its primary functions.

To guarantee the security of user funds and personal data, PlutoChain underwent a thorough security audit conducted by SolidProof. The audit verified the absence of major vulnerabilities or code bugs.

Additionally, PlutoChain’s community-driven governance model empowers $PLUTO holders to shape the project’s direction. This ensures the project’s development aligns with the interests of its users.

BTC, ETH, and USDT are currently the biggest cryptocurrencies by market cap. However, this may change in the future as projects like XRP Ledger address the limitations of leading blockchain networks. 

We may also see growing adoption of Layer-2 networks like PlutoChain, which could drive the expansion of the Bitcoin ecosystem. 

Visit the links below to learn more about PlutoChain and its unique features:

Official Website: https://plutochain.io

X/Twitter Page: https://x.com/plutochain/ 

Telegram Channel: https://t.me/PlutoChainAnnouncements/ 

This article do not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.