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
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