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XRP has the highest market cap? I think I've seen more places that take Dogecoin then take XRP.
by Causality1 6y ago
XRP has the highest market cap? I think I've seen more places that take Dogecoin then take XRP.
- pluc 6y agoIt says third highest in the third sentence of article.
- qes 6y agoMarket 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