In a recent tweet, prominent crypto expert and analyst Del Crxpto made bold projections for the upcoming crypto bull run, expressing confidence that both Shiba Inu (SHIB) and XRP would achieve significant milestones in the market. The anticipated surge in the crypto market has garnered attention, with many considering the projections plausible.
Shiba Inu (SHIB) Aiming for Top Five
Del Crxpto asserted that during the highly anticipated bull run, Shiba Inu (SHIB) would successfully claim a spot among the top five cryptocurrencies by market capitalization. At the time of the projection, Shiba Inu had a market cap of $4.6 billion and would need to grow by approximately 703% to reach a market cap of $37 billion, overtaking Binance Coin (BNB) currently in the fourth position.
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Next bull run will see $SHIB return to the top 5 & $XRP return to the top 3.
— Del Crxpto (@DelCrxpto) July 26, 2023
To achieve this goal, Shiba Inu would need to trade around $0.0000631, effectively cancelling one leading zero. The projection assumes that the asset’s circulating supply of 589 trillion tokens remains stable and that Binance Coin’s market cap does not experience significant growth during this period.
XRP Aiming for Top Three
Del Crxpto also confidently stated that the forthcoming bull rally would propel XRP back to the top three positions on the list of cryptocurrencies with the highest market capitalizations. At the time of the projection, XRP was ranked number four, just behind Tether USD (USDT), Ethereum (ETH), and Bitcoin (BTC).
Previously, a prominent crypto influencer expressed a similar sentiment, advocating for XRP to be recognized as the third-largest crypto when it was in the sixth position. However, recent regulatory clarity from Judge Analisa Torres’ ruling has pushed XRP to the fourth position, creating a favourable environment for its potential growth.
To surpass USDT and claim the third spot, XRP would need nearly a $50 billion additional investment to its existing $37 billion market cap. While this figure may seem ambitious, some experts foresee XRP’s market cap potentially crossing a trillion dollars during the upcoming bull run.
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Bitcoin Halving Expected to Drive Bull Run
Del Crxpto emphasized that the forthcoming Bitcoin halving would be the driving force behind the anticipated bull run, potentially impacting the entire crypto market. The event, which reduces the block rewards for miners by half, historically has had significant effects on Bitcoin’s price and market sentiment. Del Crxpto believes that this event alone will lead to the resurgence of both Shiba Inu and XRP, alongside other cryptocurrencies in the market.
ETF Applications and Regulatory Clarity
The crypto community enthusiast expressed optimism in the outlook, attributing the potential surge in market caps to the green light for exchange-traded funds (ETFs). The approval of ETFs could attract more institutional investment into the crypto space, possibly doubling or tripling the previous market cap levels seen during the last bull run.
The crypto community is abuzz with excitement as the anticipated bull run draws near. Del Crxpto’s projections for Shiba Inu and XRP to claim top positions in the market have ignited discussions about their potential growth. As the market awaits the Bitcoin halving and potential ETF approvals, investors and enthusiasts remain vigilant for any signs of the impending crypto surge. With such possibilities on the horizon, the crypto landscape is poised for significant shifts and opportunities for investors.