Do you calculate Bitcoin market cap by multiplying current exchange rate by total mined amount of Bitcoins? Please calculate Ripple market cap the same way:
market cap = [exchange rate] * [amount of coins sold, given away by their monopoly holding company]
https://www.ripplelabs.com/xrp-distribution/I disagree, as compared to Bitcoin where only mined coins can be spent, ALL XRP can be spent any time (the only thing that is preventing this is an implicit promise of RippleLabs). Also the 20 billion XRP that are awarded to the founders are not tracked by this site (if you check the numbers, they add up to 80 billion).
Don't you agree, that Ripple market cap currently shown looks ridiculous (it's especially evident if you check their 24h volume)? If so, do you have a better idea for calculating their market cap?
The 24 hour volume is ridiculous too, currently XRP is used in over 200 individual markets within Ripple...
Anyways, market cap is a defined measure - just look at the recent news about Dropbox, where 5(?)% were bought for 1 billion USD and then the company is "worth" 20 billion USD.
I posted ideas to seperate coins that are stable/deflationary in float and coins that are still inflating before, the only thing that was implemented was the "non-mineable" switch.
You could of course suggest to only consider coins that were moved in the last x years for example to have an idea of only the "active" part of the currency etc. All in all this is not any more a "market cap" however but a different measurement.
It's easy to underestimate trading volume. Do you have an evaluation for total Ripple 24h trading volume?
BTW I'm more than sure, it is underestimated for many other cryptocurrencies as well, including Bitcoin. So, do you think, Ripple market cap is indeed somewhere between Bitcoin and Litecoin?
P.S. And do you think Ripple market cap was higher than Bitcoin market cap during last summer, when exchange rate was like 5000 - 8000 XRP/BTC?
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