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XRP, on the other hand, has a maximum supply of 100 billion coins, half of which are in circulation. ... XRP tokens currently have a value of $0.4937, with a market cap of $24.56 billion.
Its market cap has ballooned to $36 billion from $25 billion and its crypto market share to 3.5% from 2% before the ruling, according to CoinMarketCap. Cryptoverse: Ripple effect as explosive XRP ...
The price of XRP (CRYPTO: XRP) and Shiba Inu (CRYPTO: SHIB) traded 4.3% and 5.4% higher, respectively. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
The XRP Ledger peer-to-peer overlay network is characterized by a small-world network topology, featuring a tightly clustered structure and short paths between nodes. [12] Information systems expert Mary Lacity notes that this platform "uses much less electricity than Bitcoin—about as much electricity as it costs to run an email server".
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.
The defendants agreed to turn over all data involving XRP transactions. [30] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
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