Ethereum price SHOCK: Will cryptocurrency ever reach wild highs of $100,000 per coin?
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Recently, more and more people are using the term market cap as an argument against the rise in the XRP price. Is it a correct argument from those who use it?
We will see the answer in this article, and at the end you will form an opinion. This article was written potential market cap bitcoin exchange rates for those who have a little experience in the Crypto market and use the market cap. Market cap, or capitalization is the market value of all currencies. It is calculated by multiplying the number of coins with the current currency price.
Generally, in the Crypto marketthe formula of the market cap is used to be seen reaching the target price by comparison with BTC or other foreign companies, if possible potential market cap bitcoin exchange rates the future. In this formula, we will introduce the target price at which we think the currency could be instead of the current price.
In this way, we will have a market cap. The market cap that will result from the calculation will be compared to the Bitcoin market capor other companies listed on the Stock Market. Thereby, we can realize whether our price target is realistic or not. This result came from: Why do we have this very big difference in the market cap XRP? In conclusion, many refer to a large XRP market capbecause they do the calculation using the 99 billion formula. In fact, the circulating currency is about 38 billion.
What would be the correct calculation? I do not know exactly, but in order to have some equal reference data, we will use the formula on coinmarketcap. I would like to note that the formula of the market cap contains a variable element: It is also noteworthy that the total market cap of the Crypto market is steadily increasing. Crypto market is a growing young market and will attract more and more money from other capital markets, especially from the Stock Market. The total market cap of these digital assets rose to as much potential market cap bitcoin exchange rates Currently, there are more than 60 hedge funds that focus on these currencies, according to data provided by the Fintech analytics firm Autonomous NEXT and reported by Business Insider.
Now as we have clarified that we have a variable element in the market cap formulais it wrong to assume that at some point in the future XRP market cap will be as big as the BTC market cap? I do not think it is exaggerated at all, considering that the BTC market cap will be much higher in the future than the current market cap. Perhaps some of those who read this article believe these figures are utopian. We can say that these figures are, at the moment, pure speculation.
However, if Ripple gives us the news so soon, these potential market cap bitcoin exchange rates can become reality. We have to be very objective and realistic when we use market cap. We should have a huge market cap. Using this type of limiting, market-based thinking, many people sold BTC and were satisfied with a small profit.
Over a number of years, they realized they had made the biggest mistake of their lives. Let me tell you a secret. It is known that a low priced and low cap share will yield a much better annual return than the top-ranked companies that are expensive and market-leading. On the stock market, some investors are looking for low priced equity companies.
If they are good and fundamentally, they will buy those shares. It is known that a low-priced and small-market share will yield a potential market cap bitcoin exchange rates better annual return than the top-ranked companies with a high market share. Does XRP have the necessary skills to be bought by a lot of investors on the stock exchange who would like to get better randame? Undoubtedly, the answer is affirmative.
Now I would propose you an exercise of imagination. I have a top market ranking of the top 10 companies in the world. It should be remembered that the two coins have huge potential to attract money. Maybe none of them will reach potential market cap bitcoin exchange rates top 10 places. I think they have all the chances to get into the potential market cap bitcoin exchange rates 20 market cap in the future. How many years will the two coins need to get in this top?
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