Ah, the world of cryptocurrency, where numbers dance like drunken peasants at a village fête! It appears that the fully diluted valuation (FDV) of the Ripple-linked XRP token has taken a rather audacious leap, remaining above that of Ethereum (ETH) for several days now. One might say it’s like watching a tortoise outpace a hare—if the tortoise were a bit more ambitious and the hare had a penchant for existential crises. 🐢💨
Now, the FDV metric, dear reader, is a curious beast. It considers both circulating and locked tokens, painting a picture of what could be if all tokens were released at current prices. In this hypothetical realm, XRP stands tall above ETH, like a proud rooster on a fence post, crowing about its potential. 🐓
However, let us not get carried away on the wings of optimism. XRP is still a far cry from catching up with Ether’s market cap. As of this very moment, the two tokens are valued at $229 billion and $139 billion, respectively. It’s a bit like comparing a well-fed cat to a lion—both are impressive, but one is definitely more ferocious. 🦁
XRP’s FDV, meanwhile, stands at a staggering $234 billion, with nearly 42 billion tokens lounging about, not in circulation. According to Ripple’s Q4 report, the total number of XRP tokens held by Ripple is a hefty 4.5 billion. And let’s not forget the 38 billion XRPs locked away in the company’s escrow account, like a hoard of treasure guarded by a particularly grumpy dragon. 🐉
Every month, Ripple unlocks a billion XRP tokens from this escrow, some of which are sold or used for company operations. The majority, however, are re-locked, creating a cycle reminiscent of a hamster on a wheel—endlessly running but getting nowhere fast. 🐹
On the other hand, Ethereum boasts a dynamic supply model, a bit like a buffet where the food never runs out. The total number of ETH tokens is not capped, allowing it to be either inflationary or deflationary, depending on the whims of the market. Over the past month, Ethereum’s supply has grown by 0.72%, adding 71,170 tokens to the mix. It seems our dear ETH is currently in an inflationary phase, much like my waistline after the holidays. 🎉
It is not entirely outlandish to speculate that XRP might one day surpass Ethereum by market cap. After all, the Ripple-linked token managed to briefly outshine the flagship altcoin back in 2018, following the release of xRapid. Ah, the sweet taste of fleeting glory! 🍾
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2025-03-17 10:49