In a bold tweet, Del Crxpto, a well-known cryptocurrency expert and analyst, made a daring prediction about the upcoming bull run. He expressed strong confidence in Shiba Inu (SHIB), asserting that the coin would secure its spot among the top five cryptocurrencies during the highly anticipated surge in the crypto market.
Furthermore, the influential figure in the crypto community confidently stated that the forthcoming bull rally would drive XRP back to the top three positions on the list of cryptocurrencies with the highest market capitalizations.
Crypto Community Reacts
Del Crxpto’s predictions captured the interest of the crypto community, with many viewing these forecasts as plausible. In reaction to the tweet, one crypto devotee expressed a positive outlook, particularly in light of the recently submitted exchange-traded fund (ETF) applications.
This crypto follower is hopeful that approval for these ETFs could potentially lead to a substantial increase in market caps, possibly doubling or even tripling their previous highs seen during the last bull run.
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Despite the optimism surrounding the ETF approvals, Del Crxpto expressed unwavering confidence that the upcoming Bitcoin halving would be the primary driver of the anticipated bull run. According to him, this event alone would have a significant impact on the market, leading to the envisioned resurgence of Shiba Inu and XRP, rather than relying solely on ETF approvals.
XRP’s Requirement to Claim Third Spot
CoinMarketCap’s data reveals that XRP currently holds the fourth position among the most significant cryptocurrencies, closely trailing the top three. Previously, a popular crypto influencer shared a similar belief that XRP deserved the third spot, but back then, it was ranked sixth.
The recent regulatory clarity resulting from Judge Analisa Torres’ ruling has boosted XRP to the fourth position. Now, it stands just behind the leading cryptocurrencies Tether USD (USDT), Ethereum (ETH), and Bitcoin (BTC).
For XRP to surpass USDT and move up a spot, it would require an additional investment of nearly $50 billion on top of its existing $37 billion market cap. Although this figure might seem ambitious, some experts foresee the potential for XRP’s market cap to cross a trillion dollars during the upcoming bull run.
What Does Shiba Inu Need To Do?
Currently, Shiba Inu boasts a market cap of $4.6 billion. To surpass Binance Coin (BNB) and reach the fourth position, its market cap would need to grow by a significant 703% to reach $37 billion.
In such a scenario, Shiba Inu would trade at approximately $0.0000631, eliminating one leading zero. This projection assumes that the circulating supply of 589 trillion tokens remains unchanged. However, it’s worth noting that for Shiba Inu to overtake BNB, the latter’s market cap must remain stagnant during this period.
