Why Ripple is #2 in market cap?

[Abiky]

How come Ripple's market cap is ranked as number 2? (according to Coinmarketcap) I have been told that Ripple is centralized, so why the hell it is #2? It surpassed Litecoin (considering that Litecoin is the oldest alt coin) Any thoughts on this? 

[tspacepilot]

Well, the fact that it's centralized has a lot to do with its marketcap.  Surely you can see how this works.  Imagine if Amazon.com made an amazoncoin and backed it with millions of dollars.  It wouldn't be hard for such a large company to get a coin to the top area of the marketcap chart because they've got a lot of money themselves.  Do you see the connection?

[fartbags]

I believe they premined it 100%. So they set the sale price of coins.

It's not actually worth that much. If they wanted to sell off all of the coins the marketcap would drop to a few million or less.

[GTO911]

Better use coingecko.com

[ðºÞæ]

Better use coingecko.com

Ripple is on 5th spot on https://www.coingecko.com/en

[SuicidalTendencies]

Better use coingecko.com

Ripple is on 5th spot on https://www.coingecko.com/en

Guldencoin 111 th. lol First alt to update to 0.11 bitcoin code base, has more merchants and services then 95% of the other coins. I will stick to coinmarketcap thanks.

[bram_vnl]

Better use coingecko.com

Ripple is on 5th spot on https://www.coingecko.com/en

Guldencoin 111 th. lol First alt to update to 0.11 bitcoin code base, has more merchants and services then 95% of the other coins. I will stick to coinmarketcap thanks.

and worldcoinindex.com guldencoin 64

in the future the best coins with good dev and no scam coin ar in the top 10

[kevindurant]

Because Ripple is heavily instamined. They can make it whatever price they want. In the end nobody use that centralized altcoin.