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<p>An analyst explains how Ripple’s XRP is positioned to overtake Bitcoin in the crypto market.<a href="https://twitter.com/24hrscrypto1/status/1744079755438334421?t=s0Vet3GgTSRdd2wk-bhhHA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> According to @24hrscrypto1,</a> a crypto analyst on Twitter, XRP is destined to overtake Bitcoin’s market dominance based on its strong utility and regulation-friendly approach.</p>
<p>In a recent thread, the analyst pointed to a quote from 2013 by Stefan Thomas, Ripple’s former CTO, that highlighted Ripple’s focus on compliance from the start: “Ripple put money into the system through so-called gateways, which should allow regulators to monitor transactions more easily.”</p>
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<p>As the analyst explained, “Ripple came into this wanting to set guardrails. 2024 is going to be a monumental moment.” He believes Ripple’s willingness to work within regulatory frameworks gives <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> better prospects in the long run.</p>
<p><strong>XRP’s Real-World Use Cases </strong><br>A key advantage for XRP is that it is designed for real-world use cases beyond just a store of value. The analyst tweeted: <em>“The world is not ready for this utility driven marketcap. Take a look at this snapshot from 2013. Out of 32 coins, only three have survived.”</em></p>
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<p>XRP aims to solve liquidity problems in global payments by allowing financial institutions to transact directly without intermediaries. It offers faster transaction speeds and lower costs compared to traditional cross-border payments.</p>
<p>Major financial players like MoneyGram and SBI Remit are already using Ripple’s payment infrastructure for global transfers. As more institutions adopt XRP for liquidity, its utility will continue to grow.</p>
<p><strong>Outlook for Overtaking Bitcoin<br></strong> In conclusion, the analyst makes a bold prediction that XRP will certainly overtake Bitcoin’s top position, thanks to its real-world utility and regulation-friendly approach.</p>
<p>As he says, “Know what you hold” – in reference to the strong utility case for holding XRP as it sees greater adoption worldwide going into 2024 and beyond.</p>
<p>With major institutions recognizing XRP’s advantages over other cryptocurrencies, it appears only a matter of time before “this utility driven marketcap” leads it to overtake Bitcoin. The crypto markets still seem underprepared for the worldwide momentum Ripple is quietly building behind XRP.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-explains-why-ripples-xrp-will-certainly-overtake-bitcoin/" rel="noopener noreferrer nofollow">Analyst Explains Why Ripple’s XRP Will Certainly Overtake Bitcoin</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Explains Why Ripple’s XRP Will Certainly Overtake Bitcoin

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