More than 6 months later, XRP surpassed Ethereum, which is the main indicator
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In a surprising move in the crypto market, XRP has surpassed Ethereum (ETH) Among the key valuation indicators: Fully diluted market capitalization (FDMC). Ethereum has been decline This bull cycle, XRP’s impressive performance over the past six months has led to it Beyond the world’s second largest cryptocurrency By market value.
XRP flips Ethereum in FDMC
Crypto analyst and outspoken XRP supporter Edward Farina travels to X on April 18 (formerly Twitter) Announce XRP has officially surpassed Ethereum in terms of fully diluted market value. FDMC represents the total potential value of a cryptocurrency if all its tokens are in the loop.
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This measure is usually calculated by multiplying the current price of a cryptocurrency by its highest Token supply. This is in sharp contrast to the more common market value indicators, which only have the factor of circular supply.
Farina reported in her post that XRP’s FDMC has reached $208.4 billion, surpassing Ethereum’s $192.5 billion, or about $15.9 billion. This marks six consecutive months XRP outperforms Ethereum In terms of projected value, this indicates a potential change in the altcoin advantage between the two major cryptocurrencies.
Although XRP is a FDMC milestone, it is worth noting that Ethereum’s current market value Stay higher. As of this writing, ETH’s market cap is estimated at $191.4 billion, while XRP’s $124.3 billion reflects a difference of about $74.84 billion.
The key reason for this difference XRP’s market value FDMC is in its unique token structure. A large portion of the XRP supply is held in custody, which means that these tokens are not available in the open market yet. Although they do not count as recycled supply, they are included in their fully diluted market capitalization.
The meaning behind this distinction is still clear: If all XRP’s managed token Unlocked and circulated today, its market value may exceed Ethereum’s value. This could lead to significant results as Altcoin grows steadily in valuation metrics and investor interest Challenge the location of Ethereum As the largest alternative token and the second largest cryptocurrency.
Bollinger Bands Signals Main Mobile Altcoin Price
XRP price may be Move significantly upward As a technical chart indicator, it points to the rise of fluctuations. recent analyze 4-hour charts from crypto analyst Ali Martínez Brynn Band Tighten – Classic signals that break through before often appear.
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Currently, XRP rebounded from the lower support zone and traded near the band’s midline and is now consolidating within a narrow range. “Squeeze” mode reflects reduction volatility. Although the target of the proposed price move remains uncertain, Martinez believes its next breakthrough is on the horizon.
Featured images from Unsplash, charts from TradingView.com
