Bitcoin News Today: Bitcoin's Unshakable Throne: Why XRP, SOL, and ETH Can’t Dethrone the King

An OG Bitcoiner has reiterated their belief that Ripple’s XRP, alongside Solana’s SOL and Ethereum’s ETH, will never surpass Bitcoin (BTC) in market capitalization. This perspective aligns with broader industry assessments and the structural and historical position of Bitcoin as the dominant cryptocurrency. The OG Bitcoiner’s argument centers on Bitcoin’s unparalleled first-mover advantage, network effects, and the perception of BTC as digital gold. In contrast, despite their technological innovations and growing adoption, XRP, SOL, and ETH face limitations in terms of market capitalization potential, according to the OG Bitcoiner's analysis.

The OG Bitcoiner’s claim is not without empirical support. XRP, for instance, has been in a prolonged downtrend, with its price dropping nearly 20% in 45 days as of the latest analysis. On-chain data indicates that XRP’s leverage ratios have normalized, reducing the risk of cascading liquidations, yet the token remains in a descending triangle pattern with support at $2.70 [2]. Analysts have suggested a potential rebound of 60% to 85% in the fourth quarter, but such predictions do not imply a challenge to Bitcoin’s dominance. Instead, they reflect short-term volatility and early signs of accumulation rather than a sustained trend shift.

Ethereum and Solana, while both exhibiting strong growth in decentralized finance (DeFi) and enterprise adoption, also fall short of surpassing Bitcoin in terms of market capitalization. Ethereum’s TVL stands at $96.9 billion, while Solana’s is at $11.27 billion, compared to Bitcoin’s dominance in the broader crypto market [3]. Additionally, Ripple’s XRP has struggled to compete in DeFi metrics, with a TVL of only $87.85 million, further underscoring its limited traction in the decentralized finance space. These figures highlight the structural disparity between Bitcoin and its rivals.

The OG Bitcoiner’s view is also informed by institutional sentiment. For example, a senior executive at Swift, Tom Zschach, recently described Ripple as a “dead chain walking,” emphasizing the preference of institutional participants for neutral, shared governance over competitor-driven infrastructures [3]. This critique extends beyond Ripple, reflecting a broader trend in traditional finance where stablecoins and blockchain solutions with broader industry support are viewed as more sustainable. Zschach’s comments reinforce the notion that Bitcoin’s dominance is not solely due to its market capitalization but also its role as a neutral, decentralized asset that aligns with institutional needs.

Despite recent upgrades and new features, including automated market makers and the EVM sidechain for XRP, Ripple has struggled to generate the network effects necessary to attract large-scale enterprise adoption. According to data, enterprises are more inclined to build on networks with substantial retail participation and on-chain activity, both of which XRP lacks [3]. This dynamic places Ripple in a weaker position compared to Ethereum and Solana, which have cultivated vibrant ecosystems and developer communities.

Ultimately, the OG Bitcoiner’s stance is one of long-term confidence in Bitcoin’s foundational role in the crypto market. While alternative cryptocurrencies may offer unique value propositions and technical improvements, their ability to displace Bitcoin remains constrained by factors such as network size, institutional trust, and historical precedence. Analysts continue to monitor price movements and macroeconomic indicators, including U.S. jobs data, as potential catalysts for Bitcoin’s next phase of growth [1]. However, these developments are unlikely to alter the long-term trajectory of market capitalization dynamics between Bitcoin and its major rivals.

Source:

[1] Bitcoin analysts see a 'massive' move as BTC price regains $112k (https://cointelegraph.com/news/bitcoin-analysts-see-massive-move-btc-price-regains-112k)

[2] XRP stuck in downtrend, but 3 data points forecast 85% (https://cointelegraph.com/news/xrp-downtrend-extends-but-data-predicts-85percent-bounce)

[3] Now That XRP is Dead, What's Next? Swift Executive Calls (https://finance.yahoo.com/news/now-xrp-dead-next-swift-105438346.html)