Ripple is overpriced but gained popularity due to the recent hike and new users seeing the low entry price. At this rate, it’ll overtake btc by market cap by the end of the year.
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Ripple is overpriced but gained popularity due to the recent hike and new users seeing the low entry price. At this rate, it’ll overtake btc by market cap by the end of the year.
But, low entry price is irrelevant in the crypto world. Market capitalization matters, but I believe market capitalization is still very in-accurate as it measures the total circulating supply, but in the case of Bitcoin, 23% of the total Bitcoin circulation is reportedly lost. Not to mention if the CEO of Ripple decided to sell off his XRP, the markets would tank, people would panic.
Very true, once the panic sells start to roll it’ll be chaos from there. Market cap isn’t 100% as a means of determining value, you’re right.
ripple? I stepped into it and feeled cold and addicted 2 usd like a coke junk. Then i stepped out there and went in2 real values:)