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?