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Here’s XRP Price if It Reclaims Its Ratio of Bitcoin Market Cap
In a recent development, it has come to our attention that the Ripple (XRP) community is in a frenzy after the cryptocurrency’s market capitalization surged to an all-time high. As we delve into this article, let us take a closer look at some crucial numbers and analyze what they mean for XRP’s future trajectory.
As per our records from 2021, XRP’s valuation stood at $33 billion, while Bitcoin had a market cap of $838 billion. Interestingly, if XRP were to reclaim the ratio of its market cap compared to Bitcoin, this would imply a significant upswing in XRP’s valuation.
Currently, XRP’s market capitalization has skyrocketed to a staggering $132 billion, whereas Bitcoin’s remains at a whopping $1.93 trillion. It is essential to note that if XRP reaches this target, it will capture approximately 6.8% of Bitcoin’s market cap.
In contrast, we must not forget the historical ratio seen in late 2018 when XRP held about 49.4% of Bitcoin’s market capitalization. This ratio would translate to a market valuation of $953 billion for XRP.
Source: thecryptobasic.com
