Do you calculate Bitcoin market cap by multiplying current exchange rate by total mined amount of Bitcoins? Please calculate Ripple market cap the same way:
market cap = [exchange rate] * [amount of coins sold, given away by their monopoly holding company]
https://www.ripplelabs.com/xrp-distribution/I disagree, as compared to Bitcoin where only mined coins can be spent, ALL XRP can be spent any time (the only thing that is preventing this is an implicit promise of RippleLabs). Also the 20 billion XRP that are awarded to the founders are not tracked by this site (if you check the numbers, they add up to 80 billion).
Don't you agree, that Ripple market cap currently shown looks ridiculous (it's especially evident if you check their 24h volume)? If so, do you have a better idea for calculating their market cap?