With an astonishing movement within the crypto market, XRP exceeds Ethereum (ETH) Key metrics: Fully diluted market capitalization (FDMC). Ethereum is located in a Down trend This bull cycle, XRP performance over the last six months has been impressive and quietly led to it Overtakes the second largest cryptocurrency in the world By market capitalization.
XRP flips Ethereum with FDMC
Edward Farina, a crypto analyst and outspoken XRP supporter, took me to X (formerly Twitter) on April 18th. Let’s announce That XRP officially overtakes Ethereum in terms of its fully diluted market capitalization. FDMC represents the total potential value of a cryptocurrency when all tokens are circulating.
This metric is usually calculated by multiplying the current price of a cryptocurrency by the maximum value Token Supply. This contrasts with the market capitalization metric, which is more commonly referred to, which considers circular supply only.
At the time of his post, Farina reported that XRP’s FDMC reached $208.4 billion, roughly $15.9 billion above Ethereum’s $192.5 billion. This has been marked for more than six months in a row XRP Outperform Ethereum From a predictive value perspective, we show a potential change in Altcoin’s domination between the two major cryptocurrencies.
Despite XRP’s FDMC milestone, it’s worth noting Ethereum’s current market capitalization It remains significantly higher. At the time of writing, ETH’s market capitalization is estimated at $19.914 billion compared to XRP’s $124.3 billion, reflecting a difference of about $74.844 billion.
The main reason for this contradiction XRP market capitalization And FDMC is in its unique token structure. A significant portion of the XRP supply is held in escrow. This means that these tokens are not available in the open market yet. They do not count towards circular supply, but are included in a fully diluted market capitalization.
The meaning behind this distinction remains clear: in all cases Escrow XRP token If today’s locks are unlocked and in circulation, its market value could exceed the Ethereum market. As Altcoin steadily gains momentum in metrics and investor interest, it can bring something important Challenging Ethereum’s position As the number one Altcoin and the second largest cryptocurrency.
Bollinger Bands Showing a Big Move in Altcoin Prices
XRP prices may be ready for a Move important movements up Because indicators on the technology chart point to an increase in volatility. recently analysis 4-hour charts by the Crypto Analyst Ali Martínez show Bollinger Band Tightening – A classic signal that often precedes a breakout.
Currently, after bounces from the lower support zone, XRP, trading near the midline of the band, is integrated within a narrow range. The “squeeze” pattern reflects a decline Volatility. The proposed price transfer target remains uncertain, but Martinez is confident that the next breakout is close by.
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