Indeed - the real market cap is much less than what coinmarketcap shows which is just the total 100Bn XRP - the 69% that Ripple Labs holds. If Larsen, Britto and McCaleb were to sell their XRP into the market, then the price would plummet. The true market cap is more like $160m or 1/3 of that currently showing on coinmarketcap.
I addressed
founder allocation concerns earlier in this thread. it may be useful info if you are not aware of more recent developments.
In general, I think market cap is a pretty useless metric. It all comes down to how specific sites decide to calculate market capitalization, and valid arguments exist regarding the flaws and trade-offs of all the varied methods.
It seems you are suggesting that the coinmarketcap.com homepage calculates XRP market cap according to the full ~100Bn XRP supply. If you check the
Available Supply column, you will see coinmarketcap.com is using solely the number of XRP
not held by Ripple Labs.
If you would like to see the marketp cap calculation result based on all XRP (total supply), you can view that by switching to the
Total Supply display, by using the
Currencies tab dropdown. I believe coinmarketcap.com is already showing the 1/3rd value of the total supply that you believe is most accurate.
Coinmarketcap.com
previously used the full ~100Bn XRP (total supply) for its calculation, which has led to frequent confusion.
Agree fully.
I just use conmarketcap.com as an indicator.
I find coingecko.com useful too. Ripple is only listed #4 there (their algorithm doesn't seem to realise that the discussion takes place on xrptalk.org whereas the formal talk goes on at forum.ripple.com; hence the ridiculous "Community" rating they give Ripple)