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General Discussion / Ripple approaching $2 billion mkt cap
« on: December 16, 2014, 05:04:26 am »
Anyone who is even a casual observer of Coinmarketcap has seen that Ripple has been on a very strong uptrend over the past month or so, even as Bitcoin and nearly all other cryptos have languished.
If you consider all of the XRP ripple currency units (most are not necessarily freely traded, but they are outstanding), the market cap is nearing $2 billion. That's almost fifty times (50x) the market capitalization of BitShares.
Maybe Ripple is on a trajectory to displace Bitcoin as #1. Maybe BTSers should be alarmed and just a little worried. Thoughts?
If you consider all of the XRP ripple currency units (most are not necessarily freely traded, but they are outstanding), the market cap is nearing $2 billion. That's almost fifty times (50x) the market capitalization of BitShares.
Maybe Ripple is on a trajectory to displace Bitcoin as #1. Maybe BTSers should be alarmed and just a little worried. Thoughts?