The post XRP vs ETH: Will Ethereum lose its ‘top altcoin’ status next bull cycle? appeared on BitcoinEthereumNews.com.

XRP overtakes ETH in FDMC, highlighting strong projected value despite a lower circulating market cap. XRP shows price resilience as ETH struggles, hinting at a growing challenge to Ethereum’s altcoin leadership. In a surprising shake-up, Ripple’s XRP [XRP] has officially surpassed Ethereum [ETH] in fully diluted market capitalization (FDMC). While Ethereum’s momentum has faltered in the current bull cycle, XRP has maintained steady growth over the past six months, quietly closing the gap and overtaking ETH in this key indicator. Though Ethereum still holds a commanding lead in circulating market cap, XRP’s FDMC edge could signal a longer-term challenge to ETH’s dominance among altcoins. XRP flips ETH in FDMC — What we know According to crypto analyst Edward Farina, XRP surpassed Ethereum in FDMC on the 18th of April, reaching a total of $208.4 billion — roughly $15.9 billion more than ETH’s $192.5 billion. FDMC measures the projected value of a cryptocurrency if all its tokens were in circulation. Source: X XRP’s climb to the top of this metric comes after six months of consistent outperformance. Despite little fanfare, the move positions XRP as a serious contender in valuation rankings, particularly as market watchers consider long-term potential rather than just current circulating supply. Why the numbers differ XRP’s FDMC may exceed Ethereum’s, but its circulating market capitalization remains much lower. This gap is primarily due to XRP’s token structure. A large portion of XRP tokens is locked in escrow and not yet part of the circulating supply, though they are factored into FDMC. In contrast, Ethereum’s supply is largely circulating. This structural difference explains the divergence between FDMC and market cap. In essence, XRP’s potential market value looks stronger on paper, but the actual investor-accessible value remains far behind ETH for now. What does this mean for altcoin hierarchy? XRP…

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Filed under: News - @ April 23, 2025 12:20 am