Help me Understand Market Caps: SOL vs XRP

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Help me Understand Market Caps: SOL vs XRP

Im trying to understand how SOL is $250 to XRP’s $1 with a market cap that is only about twice that of XRP’s.

—> Is XRP lacking something that SOL has that prevents it from matching value to market cap with SOL?

Please do not flame me, i am super new to crypto and markets. Just trying to understand how this operates and what the factors are that effect prices.

Sashitha ilepperuma Answered question November 21, 2024
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Market cap equals the total number of coins/shares multiplied by the price of 1 coin/share. The value or 1 coin/share is irrelevant really, focus on the % it moves.

Sashitha ilepperuma Answered question November 21, 2024
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