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Why is XRP seeing a monster rally when Ripple is worth just $3B on the secondary market?

Published 04/11/2021, 10:00 AM
Updated 04/11/2021, 11:40 AM
Why is XRP seeing a monster rally when Ripple is worth just $3B on the secondary market?

The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market.

Yet, the XRP holdings of Ripple, are reportedly worth $70 billion, which is many times higher than the valuation of the firm's equity.

XRP/USD 1-day price chart (Bitstamp). Source: TradingView.com

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Latest comments

U write as if xrp is a security...Ripple is just a company that working to improve the use case of XRP as utility currency...just like satoshi and vitalik working to promote BT and ETH...if u dont anything better to write stop being a writer
this is misleading and disgusting
this article is not correct and biased. Ripple company and XRP are different. can you compare Stellar development foundation , Ethereum Foundation, ada company-iohk and their coins?
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