i thought xrp wasn't supposed to be a currency.
It's called a bait-n-switch
Topic: Cryptocurrency Market Capitalization Ranking (Read 1761 times)
It's called a bait-n-switch
Typically, Authorized Shares are not included in the market cap calculation. Only Outstanding Shares.
If you went by Authorized Shares for Bitcoin it would say "21,000,000" market cap
If you went by Authorized Shares for Bitcoin it would say "21,000,000" market cap
As long as the coin is issued and tradable (no protocol limit to prevent owner selling them), it is counted in market cap.
So both XRP 100 billion and the balance in FRC's foundation purse are counted in market cap, whereas bitcoin's unmined coins do not.
i thought xrp wasn't supposed to be a currency.
I don't know any website does this, so let's update it here maybe weekly.
Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction.
Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD)
* NVC estimate excludes 110K destroyed coins.
Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction.
Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD)
Code:
Currency Market Cap (in BTC)
BTC 10,000,000
XRP* 1,500,000
LTC 35,000
NMC 6,000
NVC* 4,000
DVC 2,000
PPC 1,500
FRC 600
IXC 500
TRC 300
* XRP estimate based on interlagos bidBTC 10,000,000
XRP* 1,500,000
LTC 35,000
NMC 6,000
NVC* 4,000
DVC 2,000
PPC 1,500
FRC 600
IXC 500
TRC 300
* NVC estimate excludes 110K destroyed coins.
*scam :-)
XRP market cap is incredibly deceptive, because the vast majority of the coins are not even hypothetically available for purchase. (I'm assuming the devs and OpenCoin would consider it unethical to sell their portion of the coins at any price right now.) For economic purposes, they don't exist right now. If we ignore the devs' and OpenCoin's shares, there's only maybe (incredibly rough ballpark number) 50-100 million XRP out there. That would put the market cap at more like 1,500-3,000 BTC, which is much more consistent with the other numbers.
Not so sure that they care that much, I remember seeing a 1 billion XRP sell order a couple days ago on bitstamp BTC order book. Must be from one of the developers, probably for testing though
I do agree though that one shouldn't take the market cap literally, it could vanish overnight because someone tries to dump, you would have to take market depth into consideration as well.
That order wasn't backed by actual XRP. Ripple supports creating offers that you don't have the funds to deliver on, and the client has a bug where it shows the whole order rather than the amount that could possibly be filled.
XRP market cap is incredibly deceptive, because the vast majority of the coins are not even hypothetically available for purchase. (I'm assuming the devs and OpenCoin would consider it unethical to sell their portion of the coins at any price right now.) For economic purposes, they don't exist right now. If we ignore the devs' and OpenCoin's shares, there's only maybe (incredibly rough ballpark number) 50-100 million XRP out there. That would put the market cap at more like 1,500-3,000 BTC, which is much more consistent with the other numbers.
Not so sure that they care that much, I remember seeing a 1 billion XRP sell order a couple days ago on bitstamp BTC order book. Must be from one of the developers, probably for testing though
I do agree though that one shouldn't take the market cap literally, it could vanish overnight because someone tries to dump, you would have to take market depth into consideration as well.
XRP market cap is incredibly deceptive, because the vast majority of the coins are not even hypothetically available for purchase. (I'm assuming the devs and OpenCoin would consider it unethical to sell their portion of the coins at any price right now.) For economic purposes, they don't exist right now. If we ignore the devs' and OpenCoin's shares, there's only maybe (incredibly rough ballpark number) 50-100 million XRP out there. That would put the market cap at more like 1,500-3,000 BTC, which is much more consistent with the other numbers.
Thanks for posting this. A USD market cap comparison would also be pretty interesting.
how is XRP market cap that big already?
Because all 100 billions XRP has already been issued (probably only 50~100M in public hands though) , and people are bidding it up just right now.
I already used bids for the estimate to avoid inflating it too much as the ask prices are a lot higher still.
I don't know any website does this, so let's update it here maybe weekly.
Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction.
Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD)
* XRP estimate based on interlagos bid
* NVC estimate excludes 110K destroyed coins.
Interesting results.Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction.
Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD)
Code:
Currency Market Cap (in BTC)
BTC 10,000,000
XRP* 1,500,000
LTC 35,000
NMC 6,000
NVC* 4,000
DVC 2,000
PPC 1,500
FRC 600
IXC 500
TRC 300
BTC 10,000,000
XRP* 1,500,000
LTC 35,000
NMC 6,000
NVC* 4,000
DVC 2,000
PPC 1,500
FRC 600
IXC 500
TRC 300
* XRP estimate based on interlagos bid
* NVC estimate excludes 110K destroyed coins.
- I'm surpised XRP is worth anywhere near 15% of BTC
- I'm surprised NVC is worth more than PPC
- I'm surprised IXC is worth anything at all
I don't know any website does this, so let's update it here maybe weekly.
http://dustcoin.com/mining will support this very soon. 
how is XRP market cap that big already?
Just came in to say that this is a cool idea. Would be interested in following updates on this.
I don't know any website does this, so let's update it here maybe weekly.
Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction.
Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD)
* XRP estimate based on interlagos bid
* NVC estimate excludes 110K destroyed coins.
Mar 1, 2013 Update: dust has now included real time market cap on his website http://dustcoin.com/mining
Good job dust!
So I will no longer update the ranking here.
Please note market cap can vary wildly day-to-day so this is only a ballpark figure. If you know that my estimation is way off please post your correction.
Current Cryptocurrency Market Capitalization Ranking Feb 28, 2013 (1 BTC ~ 30 USD)
Code:
Currency Market Cap (in BTC)
BTC 10,000,000
XRP* 1,500,000
LTC 35,000
NMC 6,000
NVC* 4,000
DVC 2,000
PPC 1,500
FRC 600
IXC 500
TRC 300
BTC 10,000,000
XRP* 1,500,000
LTC 35,000
NMC 6,000
NVC* 4,000
DVC 2,000
PPC 1,500
FRC 600
IXC 500
TRC 300
* XRP estimate based on interlagos bid
* NVC estimate excludes 110K destroyed coins.
Mar 1, 2013 Update: dust has now included real time market cap on his website http://dustcoin.com/mining
Good job dust!
So I will no longer update the ranking here.
Jump to: