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Yesterday we made an article entitled How XRP could be the best investment for 2019-20 and we discussed things about whether it could be a wise choice for investors. You can read the article Here.
This is a topic that is much discussed in the cryptographic sphere and another similar argument is whether Ripple is bigger than Bitcoin to which some say it is and others believe there is no possibility, no way possible that this is possible.
If you spend enough time on the Internet, you'll come across many theories relevant to the real world and fictional stories but with cryptocurrency, it's like a bullseye painted on its head that gives the moon landing theorist the time of their life. There are crypto-theorists who believe that the XRP metrics are constantly underestimated on the site as CoinMarketCap in order to keep the true value of the token a secret from the public.
Big names in the industry as the chief strategist of the Ripple market, Cory Johnson seems to be one of these theorists despite having worked for the mother house of tokens. Last week, Johnson took on Twitter to say:
Imagine if they correctly calculated the marketcap: https://t.co/zCjYp4D2oO #ColdComfort #XRP
– Cory Johnson (@CoryTV) November 26, 2018
One of the possible reasons behind this is that 100 billion XRP tokens created in the Genesis block of Ripple each token have a market price of 35 cents which amounts to about $ 35 billion. On sites like CoinMarketCap, only the XRP counts, which is released into the public for a market capitalization of only $ 14 billion at the current time of writing.
With this in mind, it is worth noting that each of the 17.4 Bitcoins is worth $ 4000 at the time of writing, with a market cap of $ 69 billion.
As mentioned by CryptoBreifing:
"What makes this really interesting is that, at the height of last year's dizzying bubble, XRP would have actually had a higher market capitalization than Bitcoin, at least under the most generous metric."
Food for the mind.
What are your thoughts? Let us know what you think in the comments below!
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