Omni Foundation co -founder Austin King expressed doubts regarding the ability of the air to preserve the second place in market capitalization – the cryptocurrency ETH can “squeeze” XRP.
During the podcast, the Good Morning Crypto King suggested that Altcoin Ripple has every chance to overtake the ether in the ranking of the best cryptocurrencies. ETH has been in the second place for a long time, but King believes that now the position of the broadcast is unstable. ETH previously benefited from the fact that he was a deflation asset – the general offer of coins has decreased over time, but now the situation has changed.
King explained that the Ethereum blockchain has become dependent on the second -level solutions for the scale of the network. Many of these solutions work on the basis of centralized infrastructure, and not as fully decentralized networks. According to King, this weakens the trust in Ethereum and causes concerns about its viability in the long run. Omni Foundation co -founder is sure that ETH can again become deflation.
In addition to technical problems, King noted the unremarkable dynamics of the ETH course. While Bitcoin reached new historical records, ETH did not surpass its previous maximums, even after the approval of the USST exchange funds (ETF) in the United States.
This stagnation pushed King to the assumption that the ether could give way to the XRP cryptocurrency, which becomes his strong opponent. Thanks to the payment decision, Ripple ODL, XRP is often used to make international payments and settlements. This decision allows you to carry out fast and cheap financial transactions and is suitable for tokenization, King added.
In addition, unlike the broadcast, the total XRP proposal is recorded at the level of 100 billion coins. Even if Ripple monthly releases the controlled amount of XRP, the proposal of this cryptocurrency remains limited, which prevents inflationary risks, King said.
Previously, a similar point of view was expressed by Cryptoblogger Ben Armstrong, known as Bitboy Crypto. He also believes that the XRP coin can become a serious competitor to both the ether and bitcoin. Cryptoentesist suggested that XRP can be attractive to the countries of BRICS and Western states.
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Source: Cryptocurrency
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