XRP Surpasses Ethereum in Fully Diluted Market Cap, Potentially Challenging Its Position as the Leading Altcoin
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Ripple's $XRP has surpassed Ethereum ($ETH) in Fully Diluted Market Capitalization (FDMC), sparking discussions in the market about Ethereum's position in the next bull market cycle.
Key Events:
- As of April 18, $XRP's FDMC reached 208.40 billion USD, exceeding $ETH's 192.50 billion USD by approximately 15.90 billion USD.
- FDMC reflects the market value if all tokens are in circulation, whereas a large portion of $XRP tokens are locked in escrow accounts, causing its circulating market cap to remain below ETH.
- Over the past six months, $XRP has shown steady performance, with price declines significantly smaller than $ETH, demonstrating strong market resilience.
Potential Impact:
- $XRP's FDMC lead may indicate a long-term challenge to Ethereum's dominance.
- Market confidence in $XRP is growing, especially with legal clarifications and payment application advancements.
- This could alter the altcoin competitive landscape, posing the most severe competition Ethereum has faced in years.
Summary:
$XRP's breakthrough in FDMC and price performance highlight its potential as a leading altcoin, possibly redefining the market structure in the upcoming bull market cycle.