rows · 2 days ago · View the full list of all active cryptocurrencies. Rank Name Symbol Market . Bitcoin Has Added Over $ Billion to Its Market Cap in The fourth quarter of has been crucial for Bitcoin and has shifted its narrative entirely. rows · The global crypto market cap is $B, a % decrease over the last day. Read .
Market cap bitcoin rippleWhy Ripple Might Be the Crypto for Crypto Skeptics | InvestorPlace
The usefulness or lack thereof of the companies being traded in the stock market can be understood and debated. That characterization is too broad, but over the years has held some truth.
Ripple, however, is a bit of a different animal. Pinning down precisely fair value remains difficult, but the logic underpinning XRP is solid. The crypto could, if all works out, become a key part of the worldwide economy. Stock valuation is far from an exact science, but there at least is firm data with which to work. We know its earnings for the most recent quarter, and the most recent fiscal year.
From those data points and others , investors can draw very different conclusions, but the building blocks on which valuation methods sit are relatively firm. We can calculate the market capitalization of bitcoin , or of XRP, but we have no real basis for understanding if that market cap is too low — or too high.
Similar problems admittedly exist in fiat currency trading but known inputs like interest rates and economic growth at least allow for reasonable fundamental models to be built. And there are at least guardrails in that trading.
This problem holds for XRP. Is that fair? The other broad issue with cryptocurrencies — and there are thousands — is that their utility is difficult to see, and in some cases simply nonexistent. Maybe bitcoin will be a store of value simply because enough people believe it to be so. Maybe not. For many altcoins, meanwhile, the use case is far less clear. Many have proven to be outright scams. An investor who owns Apple stock knows what Apple produces, and what its value is to the economy and even the world at large.
The same cannot be said for many, or even most, cryptocurrencies. But there is at least a case to be made here. Tens of trillions of dollars move worldwide every year. And it could. You have to decide, am I going to ride it or not? Then no regrets if you decide you are not going to ride it, like we are riding this frenzy bubble of this new regime that we are in when you are printing more money than we have ever seen before.
What is driving Bitcoin is driving Tesla and Snowflake and every venture back. Please check your inbox or spam folder to confirm your subscription. Thank you. What Is Blockchain? What Does Hodl Mean? December 23, Check Latest News Headlines. Submit a Press Release. Crypto Livewire — Press Releases.