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In a surprising decision on the cryptography market, XRP exceeded Ethereum (ETH) In a key assessment metric: fully diluted market capitalization (FDMC). While Ethereum was in a downward trend This bull cycle, XRP’s performance in the past six months have been simply impressive, which has led him quietly exceed the second largest cryptocurrency in the world by market capitalization.
Edward Farina, crypto analyst and XRP francs’ supporter, went to X (formerly Twitter) on April 18 to announce That XRP officially exceeded Ethereum in terms of fully diluted market capitalization. The FDMC represents the total potential value of a cryptocurrency if all its tokens were in circulation.
This metric is generally calculated by multiplying the current price of a cryptocurrency by its maximum token. This contrasts with the more commonly referenced market capitalization metric, which only invoices the offer in circulation.
At the time of her post, Farina reported that the FDMC of XRP had reached $ 208.4 billion, exceeding $ 192.5 billion in Ethereum of approximately $ 15.9 billion. This marks over six consecutive months of XRP outperforming Ethereum In terms of projected value, signaling a potential gap of the altcoin dominance between the two main cryptocurrencies.
Despite the XRP FDMC milestone, it should be noted that The current market capitalization of Ethereum remains significantly higher. During the editorial staff, ETH’s market capitalization was estimated at 199.14 billion dollars, compared to $ 124.3 billion in XRP, reflecting a difference of approximately $ 74.84 billion.
The key reason for this gap between XRP market capitalization And FDMC lies in its unique token structure. An important part of the XRP offer is kept in sequestration, which means that these tokens are not yet available on the free market. Although they do not count for the supply in circulation, they are included in its fully diluted market capitalization.
The involvement behind this distinction remains clear: if all XRP tokens in the whole have been unlocked and broadcast today, its market value could exceed that of Ethereum. While Altcoin is regularly growing in the evaluation measures and the interest of investors, it could pose a Challenge to Ethereum’s position Like the number one Altcoin and the second largest cryptocurrency.
The XRP price could prepare for a Significant movement upwards As technical graph indicators indicate an increase in volatility. A recent analysis of the 4 -hour table by the Crypto analyst Ali Martínez shows Bollinger groups Tightening – a classic signal which often precedes a break.
Trading currently near the midline of bands after a rebound in the lower support area, XRP is now consolidated in a narrow beach. The “compression” reason reflects reduced volatility. Although the objective of the price move on offer remains uncertain, Martinez is convinced that his next escape is fast approaching.
Felash star image, tradingView.com graphic
post url: https://altcoin.observer/xrp-exceeds-ethereum-in-this-major-metric-after-outperforming-for-6-months/