By CCN.com: It turns out that ripple (XRP) might not be the second-largest cryptocurrency after all.
Researchers Claim Ripple’s Market Cap is Just $6.9 Billion
That’s the bold thesis of a new report from crypto research firm Messari, which alleges that ripple’s circulating market cap — the combined value of all liquid XRP tokens — is “significantly overstated” on the vast majority of crypto data services and exchanges, perhaps by as much as 46 percent.
That paints a vastly different picture than the one available on most third-party crypto data feeds. CoinMarketCap, which ranks among the 500 most-visited websites in the world according to Alexa, estimates that the value of all XRP in circulation is a little over $13 billion.
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