Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year
Market capitalization has become an obsession with many cryptocurrency watchers. It refers to the value of the entire digital currency in circulation and is worked out by multiplying the supply of the virtual coin by the price per unit. With bitcoin , the largest cyrptocurrency by market cap, having a quiet start to the year, many investors are looking at alternative cryptocoins. Ethereum and ripple , for example, have seen fairly strong rallies to begin the year. And many are wondering which one could usurp bitcoin as the biggest cryptocurrency.
Ethereum and ripple have been jostling for the second spot, and that has changed depending on price. That jostling turned volatile on Monday as the price of ripple tumbled. Bitcoin also fell, while ethereum gained in value.
Ripple's current circulation is 38,,, digital coins. This would require a rise of percent. It rose nearly 36, percent last year.
Ethereum has a circulating supply of 96,, This would require a percent rally from Monday morning's price, which is smaller than the rise required by ripple.
Both these cryptocurrencies benefit from having larger circulating supplies than bitcoin. It means the price of each digital coin can be lower to achieve a higher market cap. Bitcoin's supply is capped at 21 million with the current supply standing at 16,, With bitcoin's dominance standing at record lows , and alternative cryptocurrencies seeing big price leaps, it's not inconceivable that either ether or ripple could claim the top spot in terms of market cap soon.
Of course, if bitcoin sees a surge in price this year, it will make it harder for either cryptocurrency to surpass it. Still, some experts have suggested that ripple has run ahead of itself. Ripple works with large institutions and unlike bitcoin, many of the coins are actually owned by the company. This means it's not as decentralized as bitcoin is. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services.
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XRP a ‘security’ issue
Ripple XRP has once again overtaken Ethereum by market cap amid ongoing cryptocurrency market turbulence and bearish sentiment. As a result, ETH is now in the third-largest cryptocurrency, repeating what has become a pattern in The short-term success of XRP contrasts with the continued publicity battle Ripple has seen in recent months. As Ethereum developers forge ahead with major technical developments many have championed, Ripple appears mired in criticism of both its products and senior executives, who have delivered contradictory statements about the company. What do you think about Ripple overtaking Ethereum? Let us know overyake the comments below! You can find the source link at the bottom of each article - and keep in mind the content is republished as is, we do not verify any information or data given by the news sources.