Featured Post

Recap of Home Business Bootcamp and Affiliate Marketing Training with George Kosch for 13 March 2020.

Home Business Bootcamp and Affiliate Marketing Training with George Kosch for 13 March 2020.   additional information available  ...

Friday, January 25, 2019

Fwd: The world may never know



---------- Forwarded message ---------
From: Tess at V'ger <hello@e.investvoyager.com>
Date: Fri, Jan 25, 2019, 4:13 PM
Subject: The world may never know
To: <joaoa.desilva2018@gmail.com>


 
 
 
 
 
FRIDAY JANUARY 25 , 2019


       

Hello friend,

      

Research released this week by cryptocurrency data company Messari is questioning the actual size of Ripple's market cap. The report claims that XRP's total market cap is billions below the number listed by both the company and many data aggregators.

 

A quick investigation on our end resulted in contradicting numbers from two popular services. CryptoCompare lists XRP's market cap at nearly $31 billion, soon to be in the $1TT arena. CoinMarketCap, on the other hand, lists it dramatically lower, at $13 billion.

 

A deeper look revealed that the difference between the two numbers is in the way they're calculated. CryptoCompare calculates the market cap like this: current asset price X total number of the asset = market capitalization. CoinMarketCap calculates it slightly differently, like this: current asset price X total circulating supply of assets = market capitalization.

 

Messari's research introduces yet another number. Using CoinMarketCap's formula, their report estimates that the "total circulating supply of assets" is much lower, $19.2 billion lower. That's because their research has led them to believe that an even greater number of XRP's supply is out of circulation, or in their words, "illiquid or subject to significant selling restrictions."  If true, this implies that Ripple's circulating supply is 21.8 billion, and its market cap $6.9 billion.

 

Ripple, however, is denying Messari's report. A spokesperson for the company stated:

 

"The term 'market cap' is always a very simple calculation: current price X total number of the asset = market capitalization. That puts XRP's current market cap at approximately $31 billion."

 

If nothing else, the contradicting numbers from all parties illuminate an important topic: decentralization and the differences between an asset like XRP (which is largely managed by a company) and an asset like BTC (which primarily runs on its own).


My thanks in advance for your time, attention and consideration.



To your abundant success, 


Jon

 
 
WEEKLY ROUNDUP
 
 

Novogratz's Galaxy Digital reportedly set to raise a $250M fund to help needy crypto firms

 

Mike Novogratz's crypto merchant bank, Galaxy Digital, is reportedly raising at least $250M for a fund aimed at helping floundering crypto firms, Business Insider reports.

 
 
 
 

VanEck SolidX Bitcoin (BTC) ETF Has Been Withdrawn After Eight Months of Delay

 

The Securities and Exchange Commission (SEC) issued a statement today, indicating that the application for the VanEck SolidX Bitcoin exchange traded fund (ETF) has been withdrawn

 
 
 
 

Report: MIT Researchers Design Cryptocurrency 99% Less Data-Intensive Than Bitcoin

 

Researchers at the Massachusetts Institute of Technology (MIT) have reportedly developed a cryptocurrency that needs transaction-verifying nodes to store 99 percent less data when compared to Bitcoin (BTC). The development was reported on Jan. 23 in a post on the MITNews Blog.

 
 
 
 

Pennsylvania Excludes Crypto From Definition Of Money

 

As the Federal response to cryptocurrency remains stalled, states like Pennsylvania and Wyoming are making their own moves with crypto regulation. And though this approach will most certainly yield a patchwork series of laws and interpretations of laws, it does produce intriguing insights into potential solutions to crypto regulation issues.

 
 
 

More stories...

 
 
 
 
 
Have questions or feedback for us?
Reach us at info@investvoyager.com
 
fb   tw   in   tg
 
   
 
REWARDS
 

© CryptoTrading Technologies, LLC 2018. VOYAGER is a trademark of CryptoTrading Technologies, LLC.

2500 Plaza 5 - 25th Floor, Jersey City, NJ 07311. Unsubscribe.

 
 

No comments:

Post a Comment