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If You Hold $100K in XRP or Bitcoin, Which Will Make You More Money, XRP Gaining $2 or Bitcoin Rising $20,000
A market pundit has assessed which could offer better returns on investment between XRP gaining by $2 and Bitcoin rising by $20,000.
Notably, the broader crypto market has embarked on an impressive recovery push, with Bitcoin (BTC) leading the charge. Amid this rally, the altcoin market (TOTAL2) has added $180 billion in valuation over the past week
However, while Bitcoin has claimed new all-time highs, the latest being around $122,000, altcoins like XRP still trade below their all-time highs and even their peaks for this year. Despite this, they seem to be performing better than Bitcoin in the latest market-wide uptrend.
According to van Code, the reason he presented this commentary is that he has been witnessing multiple comments from other investors and market participants, which indicate that they do not really understand how these market moves work.
Bitcoin Could Yield $17,000 and XRP Would Present $75,000 Gain
Specifically, the pundit pointed out that while Bitcoin gaining $20,000 would translate to a 17% increase, XRP’s rise by $2 would push its price up by a massive 75%.
For context, if an investor had committed $100,000 to Bitcoin, this investment would have yielded a $17,000 gain if Bitcoin grew by $20,000. However, if an investor had bought XRP worth $100,000 and XRP grew by just $2, this $100,000 investment would have presented a massive profit of $75,000.
XRP Requires Less Capital to Move
Van Code’s latest commentary highlights the sentiment that XRP is more susceptible to offering better returns on investment than Bitcoin if both assets move upward. This is due to the fact that XRP would require less capital to skyrocket by large margins than Bitcoin. Crypto educator Edoardo Farina noted this earlier, urging Bitcoin investors to divest to XRP.
Interestingly, Johnny, co-host of The Good Evening Crypto show and founder of Merlin, also discussed this prospect in an analysis last week. According to Johnny, it would take $2 trillion in capital to push Bitcoin price up by 2x with its current market cap of $2 trillion. However, with XRP’s market cap of $130 billion at the time, it would take just $130 billion for XRP to grow by the same 2x.
Now, XRP has added $42 billion in market valuation since then, with its current market cap now sitting at $172 billion, as it again surpasses Tether (USDT) to become the third-largest crypto asset by valuation.
Interestingly, while Bitcoin has added $280 billion since July 8, much higher than XRP’s $42 billion gain, XRP has made investors more money within this period. Specifically, those holding BTC worth $100,000 have gained $13,000 since July 8. Meanwhile, investors holding XRP worth $100,000 have added $32,000 to their bag.