thecryptobasic.com
Market expert Murad has fueled an argument in the crypto community after mentioning tokens that are allegedly better than heavyweights Shiba Inu, XRP, and Dogecoin.
Utility tokens like XRP and Chainlink offer considerable use cases for the crypto industry. For context, XRP boasts fast, cross-border transactional capabilities, while Chainlink provides off-chain data for smart contracts.
Notably, XRP is the seventh-largest cryptocurrency by market cap, trading at $0.5236 and with a valuation of $29.7 billion. On the other hand, Chainlink occupies the 15th slot, exchanging hands at $11.48 with a valuation of $7 billion.
Meanwhile, Dogecoin and Shiba Inu are the top two meme coins by market cap. They have also grown to gain substantial institutional traction, occupying the 8th and 13th slots in the market ranking.
With all these titles in the bag, analyst Murad has mentioned four low-cap tokens allegedly better than XRP, Chainlink, Dogecoin and Shiba Inu. In a tweet on October 28, he caused an uproar after noting that SPX6900 is better than XRP, Gigachad is better than Dogecoin, POPCAT is better than Shiba Inu, and APU is better than Chainlink.
Murad’s Argument
Notably, Murad’s comparison was based on their prices at peak market cap. He argued that those low-capped tokens would be better valued if they attained the same peak market cap as the heavyweights.
The market expert made his first case with XRP and SPX6900, noting that the latter would trade for $141.36 if it attained XRP’s peak market valuation. Notably, XRP traded at $3.4 per coin when its market cap hit its all-time high of $131.65 billion.
Murad cited a similar case for meme coins Gigachad and Dogecoin. Per the comparison, GIGA would trade at $9.24 if it attained the meme king’s peak market cap of $88.79 billion.
The analyst further compared POPCAT’s price with Shiba Inu’s peak market cap. The feline-themed meme coin would trade at $41.82 at SHIB’s ATH market cap of $40.99 billion. POPCAT will also be worth $10.96 (652% of its current price) if it attains Shiba Inu’s current market cap of $10.75 billion.
For APU vs. Chainlink, the former would have canceled multiple leading zeroes to trade at $0.068 if it attained LINK’s peak market cap of $22.03 billion.
Crypto Community Reacts
Meanwhile, Murad’s assertion didn’t go down well with some crypto enthusiasts, who voiced their grievances. For instance, a user asked Murad which metrics he used to conclude that the low-capped tokens were better, noting that the analyst had no substance proof to back his claims.
Another user branded the analysis controversial, while a Dogecoin enthusiast outrightly stated that GIGA could never be compared to the leading meme coin by market cap. Notably, some proponents of the low-capped tokens supported the commentary.