Ethereum has a circulating supply of 96,846,982. Its current price is $1,162, according to CoinMarketCap. It’s market cap is $112.6 billion. Ether would need to rise to around $2,700 to surpass bitcoin’s value. This would require a 132 percent rally from Monday morning’s price, which is smaller than the rise required by ripple.
Both these cryptocurrencies benefit from having larger circulating supplies than bitcoin. It means the price of each digital coin can be lower to achieve a higher market cap. Bitcoin’s supply is capped at 21 million with the current supply standing at 16,789,425.
Of course, if bitcoin sees a surge in price this year, it will make it harder for either cryptocurrency to surpass it.
Still, some experts have suggested that ripple has run ahead of itself. Ripple works with large institutions and unlike bitcoin, many of the coins are actually owned by the company. This means it’s not as decentralized as bitcoin is.