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Bitcoin's market cap would have to soar 863% to match that, which translates to a price per coin of around $929,000 (based on the current supply of 19.8 million Bitcoins).
The incredible gains have pushed XRP's market capitalization up above $139 billion, and the token now ranks as the world's fourth largest crypto by market cap -- trailing only Bitcoin, Ethereum ...
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.
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".
XRP has been under scrutiny as the Securities and Exchange Commission (SEC) argued that its initial token sales violated securities laws. A judge imposed a small-than-expected $125 million fine on ...
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.
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