Post
Topic
Board Altcoin Discussion
Topic OP
Ripple XRP is 35% more expensive than Bitcoins?
by
sebicas
on 20/05/2013, 21:25:06 UTC
I been following the Ripple Market, and I wanted to get your opinion, seams is getting very crazy lately.

At this time:

- XRP is been trading at BitStamp Marketplace on Ripple for about 55 XRP per USD ( $0.0185 per XRP )
- BTC is been trading at MtGox for about $122 per BTC

Given the amount of currency issues, the market cap for both currencies are:

- Ripple  : 100,000,000,000 * $0.0185 = $1,850,000,000
- Bitcoin :         11,168,000 * $122 =  $1,362,496,000

But what is more interesting is that if Ripple would have only 11,168,000 instead of 100 Billions, the price per unit will be: $165.65.- that is 35% more than Bitcoin.

The only I could think is the psychological about costing just pennies... any other logical explanation for this?