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.
So theoretical amounts says $41 billion whereas actual amount is $13 billion. So more than 60% coins are not in circulation. Now this makes the coin completely trustless. Price is not owe to free play of market. Company can whenever release additional coin and deframe the whole market of XRP