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With a market cap of roughly $138 billion as of this writing, XRP is now the fourth-largest cryptocurrency by market capitalization and trails behind only Bitcoin and Ethereum. In the crypto space ...
XRP's evolving market position. That being said, XRP has a lot of room to grow before butting heads with Ethereum and Bitcoin. ... Market Capitalization. 1-Year Price Change. Bitcoin. $1.93 ...
It already has a market cap of $1.4 trillion -- compared to gold's market cap of $18.6 trillion and silver's market cap of $1.9 trillion -- and is now the world's 10th most valuable asset. A ...
The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie Lee: Scrypt: C++ [10] PoW: One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative ...
The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to bitcoin.
Unlike many cryptocurrencies, XRP was pre-mined, with 100 billion tokens created at inception. [8] [13] The XRPL founders gifted 80 billion XRP, the platform's native currency, to Ripple Labs. [4] Ripple Labs holds a portion of XRP and periodically releases tokens into circulation through sales, aiming to maintain market stability.
One of the most likely targets is XRP, given that it ranks seventh among cryptocurrencies in market cap and has a track record dating back more than a decade. That's why a recent move by Grayscale ...
That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3] According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. [4] In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount.