XRP Overtakes Ethereum in Fully Diluted Market Capitalization
XRP has surpassed Ethereum (ETH) in Fully Diluted Market Capitalization (FDMC), reaching $208.4 billion compared to Ethereum's $192.5 billion. This marks a significant shift, as XRP has outperformed Ethereum for over six months.
XRP Flips Ethereum In FDMC
- XRP's FDMC has exceeded Ethereum's by approximately $15.9 billion.
- FDMC reflects total potential value if all tokens were circulating, differing from market cap which considers only circulating supply.
- As of now, Ethereum's market cap is $199.14 billion, while XRP's is $124.3 billion, a difference of about $74.84 billion.
- A large portion of XRP's supply is held in escrow, not affecting its circulating supply but included in FDMC.
- If all XRP tokens in escrow were released, its market value could surpass Ethereum's.
- XRP poses a potential challenge to Ethereum's position as the second-largest cryptocurrency.
Bollinger Bands Signal Major Move In The Altcoin Price
- Technical indicators suggest XRP may experience a significant upward move.
- Bollinger Bands analysis shows tightening patterns, often indicating an impending breakout.
- XRP is currently consolidating within a narrow range after bouncing from lower support.
- The next price movement target remains uncertain, but an upcoming breakout is anticipated.
