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.
What do you expect when a coin is having a billion units available. Its just defy common sense to see how developers can just decide to go that high and that is the reason why they are now trying various cosmetic approach by looking for ways to lock the coin in other to create artificial scarcity in other to increase the price and bring in unsuspecting individuals who are only interested in making short term money.