XRP could go this high if it gains 1% of total crypto market cap
As of writing, XRP sits in the 6th position among all cryptocurrencies ranked by market cap. In a highly dynamic ecosystem, capital comes and goes, flowing between the projects, in and out of the crypto market. Currently, XRP is valued at $28.028 billion in a $1.516 trillion market, holding 1.85% of this total. The token’s unitary price is $0.517, with a 54.339 billion XRP circulating supply. In the meantime, supply and demand constantly move the asset’s price up and down, flowing from one cryptocurrency to another. Bitcoin (BTC), for example, dominates the total crypto market cap by around 51%, with nearly $785 billion in capitalization. If only 1% of the total valuation moved to Ripple’s token, its market cap would increase by $15.16 billion to $43.188 billion. Therefore, XRP could go as high as $0.794 while its circulating supply remains unchanged. Cryptocurrency Uphold's top researcher declares start of major crypto bull market Technology ...