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Ripple/XRP: Busting the FUD about XRP’s market cap

Opinion: Messari, a startup data research company, recently published a report that claims that the market cap of XRP, the second largest cryptocurrency should be further down the line, maybe even fifth rank or lower.

The report claims that there is a lot of XRP that is restricted and doesn’t contribute to the market cap. Moreover, the report puts the actual circulating supply of XRP at 21.821 billion.

The report excludes the XRP held by Jed McCaleb, Foundation assets, Chris Larsen, and even XRP II, which, in total amounts to approximately 19.21 billion.

Furthermore, the market cap of XRP, as per the Messari reports, is overstated by a total of 46.83%. Comparing this with the current price from CoinMarketCap puts XRP at a market cap of $6.584 billion i.e., fourth position, just between Ethereum and EOS [at the time of writing the price of XRP was at $0.301734, EOS was at fourth position with a market cap of $2.17 billion].

As per the data from the XRP Charts, the total supply of…

Read Full Story : AMBCrypto

2019-02-04 13:30:33

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