Which cryptocurrency could surpass Bitcoin by 2024?

TL; DR

Bitcoin remains the dominant cryptocurrency with widespread adoption and a market cap greater than that of many major corporations.
Cryptocurrencies such as Ethereum, Solana and others are seen as contenders, with ETH being seen as a top contender that could be flipped.

What are the odds?

Bitcoin (BTC) is the undisputed leader in the cryptocurrency market with a capitalization of more than 1.2 trillion dollars (more than Facebook, Berkshire Hathaway and other famous companies).

It is also the most famous name in the digital property sector, and its growth has been amazing over the years. For example, PayPal, Starbucks, etc AMC Theaters They accepted it as a form of payment, but El Salvador became the first country to make headlines in 2021. Proclaim It is legal tender.

On the other hand, the crypto industry is full of other signs that are attracting attention recently, and according to many, it offers great opportunities. As such, we decided to ask ChatGPT if any of them could surpass BTC this year.

A popular AI-powered chatbot called Ethereum (ETH). on top Pretend for such a development. He remembered In Care Of From proof of work to proof of agreement method (known as Integration), saying that this change leads to improved efficiency and lower energy consumption. These benefits can result Wide Use of decentralized applications and ultimately increased costs, ChatGPT reports.

Solana (Sun) It was added. List of assets that have the potential to overturn BTC this year. “Known for its high transaction and fast transaction speeds, Solana can translate into high price movements for a large number of decentralized applications, especially decentralized finance (DeFi) and intangible tokens (NFTs),” the chatbot speculated. .

Other leading cryptocurrencies that could challenge BTC's dominance include Binance Coin (BNB), Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), and more.

The possibilities of XRP

Ripple's native token — currently the seventh-largest in the entire sector with a market cap of nearly $29 billion — is also likely to improve significantly this year. However, this possibility depends on many important factors. of charge It is against the US Securities and Exchange Commission (SEC).

The legal dispute between the two parties began three and a half years ago and recently entered the trial phase. Ripple won three partial court victories last year, and according to some industry participants, a decisive victory could trigger a major bull run for XRP.

ChatGPT assumed that and agreed with that thesis Victory for the company can cause XRP relisting With more exchanges, it will likely increase its value due to accessibility and renewed investor confidence.

However, BTC's reversal remains “highly speculative” and will depend on other factors, including positive market sentiment, increased adoption, key partnerships, And more, ChatGPT concluded.