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The coin has attracted over $120 billion in new investment, and reached a market cap of $156 billion since Donald Trump and a host of other crypto-friendly candidates won election on Nov. 5.
Value and Market Cap. XRP tokens currently have a value of $0.392, with a market cap of $19.75 billion. XRP has not entered mainstream use quite yet. The financial institutions that use Ripple’s ...
XRP (XRP) Price: $2.36. Market cap: $134.62 billion. Formerly known as Ripple and created in 2012, XRP offers a way to pay in many different real-world currencies. Ripple can be useful in cross ...
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.
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 stablecoin market is worth over $200 billion and is expected to grow to $2.8 trillion by 2028, according to Bernstein Research. Because stablecoins offer low volatility and fast settlement ...
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.