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Kaspa and Ripple’s XRP are two cryptocurrencies that have garnered significant attention due to their promising metrics and unique offerings. But which of these digital assets has the potential to deliver better returns? Lee the Captain, a YouTube channel boasting over 36,000 subscribers, delves into this question in a recent analysis.
The analyst behind the presentation has chosen Kaspa over XRP in today’s evolving crypto market. His investment thesis is based on realistic growth potential and market cap calculations, which he breaks down in detail.
Kaspa Shows Greater Growth Potential
According to the analyst, Kaspa reaching a price of $10 would equate to a 65x return, resulting in a market cap of approximately $250 billion. This figure is still $300 billion below Ethereum’s all-time high market cap, making it a plausible target.
In contrast, he notes that for XRP to achieve the same 65x growth, its price would need to hit $96, pushing its market cap to an extraordinary $5.5 trillion. The analyst considers this scenario highly unlikely within a short timeframe of 6-10 months.
While he acknowledges XRP’s recent positive momentum and commends Brad Garlinghouse’s leadership at Ripple, Lee the Captain emphasizes his focus on maximizing potential returns. He positions Kaspa as a balanced choice between well-established cryptocurrencies and high-risk micro-cap assets.
The analyst also reveals his long-term commitment to Kaspa, stating that he has been accumulating it for over a year. He highlights its technical strengths, describing it as a BlockDAG-based digital ledger that supports parallel blocks and instant transaction confirmations. Kaspa operates 600 times faster than Bitcoin while maintaining a proof-of-work consensus mechanism.
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Addressing concerns about Kaspa’s ecosystem being dominated by meme coins, Lee argues that this isn’t necessarily a drawback for an emerging platform. He draws comparisons to Ethereum, suggesting that Kaspa offers solutions to Ethereum’s scalability challenges and high gas fees.
The analyst also highlights broader market trends, noting that global crypto ownership has doubled since the 2021 bull run, with over 600 million people now owning digital assets. He speculates that if Bitcoin were to reach $200,000, the resulting market momentum could significantly benefit altcoins like Kaspa.
Lee the Captain concludes by emphasizing Kaspa’s growing visibility, including its recent listing on Kraken, and compares its passionate community to XRP’s dedicated following. Based on his analysis, he believes Kaspa has a stronger likelihood of reaching $10 during this bull run compared to XRP achieving similar percentage gains.
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Source: captainaltcoin.com