As of May 17 2017
1 BTC is worth $ 1790, maximum 21 millions coins. Implied market cap = $ 37.59 billions
1 XRP is worth $ 0.41, maximum 100 billion coins. Implied market cap = $ 41 billions
Do you believe that this is justified ?
To me, it shows that XRP is completely overvalued.
where you see this? if i look in conmarketcap i see 30 billions for bitcoin and 15 billions for ripple, there is no competition, bitcoin is far ahead by 2x, perhaps coinmarketcap is missing a portion of the total supply?
If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release.
they did already this in the past but the value increased, they are artificially manipulating the value, i don't trust ripple