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Famous CEO Reveals Expectations for XRP and Altcoin Season! "These Altcoins Will Break Records!"
Canary Capital CEO Steven McClurg recently shared his views on the future of XRP and altcoins.
At this point, McClurg, who has a positive outlook on XRP, argued that XRP could soon have a larger share in the market, especially in terms of assets managed through ETFs.
McClurg stated that Bitcoin currently holds a leading position in ETFs with a market share of approximately 5.6%, while Ethereum has a market share of about 3%.
However, McClurg, who argues that this situation could change, predicts that as more people accept XRP and ETH as financial instruments in the future, the market share for both could reach approximately 6%.
McClurg stated that Ripple is one of the strongest competitors in the race to modernize financial transactions, claiming that XRP could play a significant role in this growing market.
At this point, the famous CEO stated that some investors would prefer ETFs due to their simplicity and transparency, while others would prefer companies that hold XRP in their reserves.
Bitcoin and Altcoin Season Prediction!
When asked about the market predictions by the famous CEO, he stated that he expects the Bitcoin price to reach 140 thousand dollars within this year. McClurg also mentioned that there will be an altcoin season in 2025, indicating that some altcoins will experience a breakout, but not all of them will reach new highs.
"I don't think Solana or Ethereum will break new records this year. I believe that newer altcoins like SUI, Injective, and Axelar have a higher chance of breaking new records."
McClurg added that XRP's rise will depend on ongoing legal and regulatory developments, and he expects XRP to reach a new peak within this year, even if it is not a new ATH.