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Market cap doesn't mean much at all in crypto. XRP's is high because the circulating supply is 45 billion XRP - 2500 times more than BTC, 400 times more than ET
by qes 6y ago
Market cap doesn't mean much at all in crypto. XRP's is high because the circulating supply is 45 billion XRP - 2500 times more than BTC, 400 times more than ETH, etc.
I could create a blockchain and issue a quintillion coins and if I manage to get it listed and sell some for a fraction of a penny it'll have a bigger market cap than the rest of crypto combined.
- cwkoss 6y agoAlso, 'circulating supply' is a misnomer for XRP. The vast majority is held by a small population of individuals who would crash the price if they tried to liquidate