For Ethereum (ETH) and XRP, crypto analyst CrediBULL Crypto has outlined an optimistic story. According to him, the value of both tokens might increase to $20 and $20,000, respectively. He also specified the expected timing of this parabolic price spike.
Ethereum Could Hit A Market Top Near $20,000
In a post on X (formerly Twitter), CrediBULL Crypto noted that there’s a possibility Ethereum may reach a market top close to $20,000. He went on to say that he thought BTC might “realistically” see a 2x increase in this market cycle from its previous high of $69,000 during the 2021 bull run, which is why ETH may reach this price level. Consequently, altcoins such as ETH will perform “multiples of that.
“In particular, he predicts that ETH will rise three to four times from its last all-time high (ATH) of $4,800, placing the second-largest cryptocurrency by market capitalization in the area of $15,000 to $20,000. CrediBULL, meanwhile, predicted that Ethereum will undoubtedly reach $10,000 at the very least.
Another X user expressed doubts about ETH’s potential to reach a $2 trillion market capitalization, calling CrediBULL’s projection “crazy.” The cryptocurrency analyst retorted, stating that the market cap will appear “outrageous” because ETH’s rise to such levels is a “blow off top.” He added in jest that if the market caps don’t appear ridiculous, something is wrong.
XRP Is Another Altcoin That Could Experience Exponential Growth
CrediBULL argued for XRP in another X article, saying that if ETH reached $10,000, XRP might also increase by $10 to $12. Despite its present underperformance, he said that XRP wasn’t to be underestimated, pointing out that at one time in the previous cycle, XRP actually flipped ETH in terms of market capitalization.
Once more, he said that XRP is highly potential of reaching these price points because it is among the top 10 coins, indicating that there is clearly a market for it. CrediBULL’s opinion is similar to that of Nick, the Web3Alert founder, who earlier projected that XRP would reach $10 due to forecasts that Ethereum and Bitcoin will reach as high as $10,000 and $150,000, respectively.
As of this writing, CoinMarketCap data indicates that the prices of ETH and XRP are approximately $3,290 and $0.58, respectively.