Why is Ripple (XRP) market cap twice as high on your site?

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  • Answered

On the site (and in your emails) Ripple (XRP) market cap has $45.39B according to your data.


However if I cross reference this to other data sources, Ripple should have only around $23B market cap. See sources:


Why is your market cap that much off?? This doesn't make any sense.

Data Issue Raised
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SA Admin Shubham Shresth
  • Answer
Quote from Melroy van den Berg

Wow I didn't know that XRP is still able to dump that much extra in the market. 


Anyway your answer makes indeed sense. Thx. 


That being said, it's a bit misleading to show fully diluted market supply as just 'market supply' in your daily emails as well as on your website. 

You have to distinguish between these two values. And maybe listing both values on your site and use the normal market supply in your daily crypto newsletters.


Thanks in advance. 

We will take this into consideration as a feature request. Please stay tuned for updates, if any.


Hope this helps! Feel free to reach out in case further assistance is required.

Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha

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SA Admin Shubham Shresth
  • Under review

HI,

We are looking into this.


Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha

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SA Admin Shubham Shresth
  • Answered

Hi there,

We are showing the fully diluted market cap (market cap if the maximum supply was in circulation) and this number is in sync with other websites mentioned above.

Eg: Coinmarketcap (https://coinmarketcap.com/currencies/xrp/)


Hope this helps! Feel free to reach out in case further assistance is required.

Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha

Avatar
Melroy van den Berg

Wow I didn't know that XRP is still able to dump that much extra in the market. 


Anyway your answer makes indeed sense. Thx. 


That being said, it's a bit misleading to show fully diluted market supply as just 'market supply' in your daily emails as well as on your website. 

You have to distinguish between these two values. And maybe listing both values on your site and use the normal market supply in your daily crypto newsletters.


Thanks in advance. 

Avatar
SA Admin Shubham Shresth
  • Answer
Quote from Melroy van den Berg

Wow I didn't know that XRP is still able to dump that much extra in the market. 


Anyway your answer makes indeed sense. Thx. 


That being said, it's a bit misleading to show fully diluted market supply as just 'market supply' in your daily emails as well as on your website. 

You have to distinguish between these two values. And maybe listing both values on your site and use the normal market supply in your daily crypto newsletters.


Thanks in advance. 

We will take this into consideration as a feature request. Please stay tuned for updates, if any.


Hope this helps! Feel free to reach out in case further assistance is required.

Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha