[ad_1]
The fact that CoinMarketCap is not considering XRP's commitment has become a growing problem. The digital currency community is divided into two groups. They include people who believe that CoinMarketCap is right not to include the deposited XRP and those who believe the platform is wrong for the same action.
The current state of things in space, in particular the question of the RPP that shifts Ethereum (ETH) from the number two position among the best digital resources by market capitalization, has been the subject of the virtual currency community in the last months, so it's not just a momentary change.
Market Cap may have been calculated incorrectly
Cory Johnson, the chief marketing strategist of Ripple, tweeted on a content of a popular news network that insinuates that market capitalization has not been calculated correctly. The conflict of ideas is, therefore, the decision of CoinMarketCap to consider only the current offer and current prices in the calculation of market capitalization but excluding those held as collateral.
A part of the community supports the CMC decision. For the calculation of market capitalization, CoinMarketCap uses the price and the circulating supply. Does not consider the token retained under warranty. The second half of the community is against CMC's decision. They insist that the definition of the market capitalization of BTC must be reduced because Craig Wright currently holds up to 1.1 million BTC tokens in a commitment known as "Tulip-Trust" to be released by 2020.
Yahoo's finance platform is in agreement with those who are opposed to CMC's decision, Considers the commitment
The Yahoo finance website agrees with the half of the community against CMC and also considers the XRPs entrusted. According to CMC XRP market capitalization, the printing time was $ 14.57 billion. While Yahoo Finance reported that XRP's market capitalization was $ 36.17 billion at the same time, while XRP remained at $ 0.3616. Renowned members of the XRP community such as Tiffany Hayden and Dr T did not support CMC's translation of the market capitalization for XRP.
In addition, some members of the XRP community have emphasized that CoinMarketCap has excluded data from Korean trade for their market capitalization calculations in January of this year without any prior notice. CoinMarketCap at one point partially agreed with the community and asked an official with XRP to submit a request for a market cap update.
What Ripple CTO, David Schwartz, had to say
Schwartz has no strong feelings in this regard. He believes it is difficult to determine how to exercise equity in several cases. But it is strange that the XRP token ends up being penalized in many ways for its transparency considering the fact that many people are taking the better on what they have no idea.
David Corner, a user, tweeted:
"Jon Redz:
Cory John would not agree with you. Perhaps the SEC should investigate CoinMarketCap for manipulation of the market as they have a propensity towards, the resources no longer use the capitalization of market currency as it does not provide the true facts ".
It remains to be seen if CoinMarketCap will listen to this public protest and recognize the token stored in the deposit. One thing is certain is that the XRP community will always want their pound of meat in every situation where the situation occurs.
