This year remains a significant year for the cryptocurrency market. Despite sharp volatility, many major cryptocurrencies have seen notable growth since Donald Trump's victory in the presidential elections last November. The new administration's more open policies have created favorable conditions for businesses and investors in the field, boosting confidence in the future of cryptocurrencies more than ever.
Among them, XRP and Shiba Inu (SHIB) are two names that pique the interest of many. However, their paths are completely different: XRP has experienced a strong surge, while Shiba Inu is still struggling to find a new path. Which of the two coins has the potential to become a 'millionaire maker' in the near future?
XRP: Ambitious to capture a share of the international payments market
XRP has been one of the best-performing cryptocurrencies since Trump's election. This is partly due to a change in leadership at the U.S. Securities and Exchange Commission (SEC), which has helped Ripple, the company developing XRP, to overcome years of regulatory pressure. The agency is expected to approve an XRP-backed exchange-traded fund (ETF) as early as this year.
Technically, XRP can process up to 1,500 transactions per second at a very low cost. Ripple is expanding its ecosystem to include:
RLUSD stablecoin
Traditional financial clients
Acquisition of the hidden route (main intermediary)
The latest is the stablecoin platform Rail
Brad Garlinghouse, the CEO of Ripple, believes that XRP could capture around 14% of the international payments market share from SWIFT - the global payment messaging network - over the next five years. He also noted the rising error rate in the current SWIFT system, considering it an opportunity for XRP's expansion.
Shiba Inu: From meme coin to blockchain infrastructure ambitions
Shiba Inu, which made a splash in 2021 when its value skyrocketed by millions of dollars, started as a meme token mimicking Dogecoin. However, in recent years, the development team has worked to distance the project from its image as a joke.
The major achievement is the launch of Shibarium in 2023 - a Layer 2 solution built on Ethereum, aimed at:
Reduced transaction fees
Increased processing speed
Support for chain governance, NFT tokens, decentralized autonomous organizations, and real-world applications
Additionally, some transactions on Shibarium also burn SHIB tokens, contributing to reducing the massive supply of the project.
However, for Shiba Inu to make a comeback, it either needs to recreate the strong wave it saw on social media in 2021 or prove the actual value of Shibarium.
Which coin is more promising?
In terms of the potential to achieve 'millionaire' profits from current prices, both coins need a massive boost.
With XRP, the prerequisite is to expand aggressively in the international payments sector while maintaining the momentum of the Ripple ecosystem.
For Shiba Inu, the key is to prove that Shibarium has real-world application value, or to spark a new wave of FOMO (fear of missing out) on a global scale.
However, the cryptocurrency market is characterized by high volatility, so betting everything on any inherently risky token is fraught with danger. If I had to choose, XRP currently has the advantage for the following reasons:
Strong technology network
Tremendous potential in the field of international payments
An ecosystem closely linked to Ripple and traditional financial partners
