Help me Understand Market Caps: SOL vs XRP
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
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
Sol has a circulating supply of about 474 million while XRP has about 56.93 billion. That’s probably the main one.
Jason Johnson Answered question November 21, 2024