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RE: Love coins under a dollar? Think again!
In your price comparison table, shouldn't Ripple have a higher market cap than Bitcoin if the price is higher and they have the same supply? Could you explain your math or what you mean by excluding mining?
I think he took the ratio of the supply of the coin to Bitcoin’s supply, and then multiplied that ratio by the price of the coin currently
The proper way to do this comparison would be to divide Ripple's market cap with Bitcoin's supply. $122,412,211,193 / 16,783,037 = $7,294, not $18,953. He actually has the number right for Ethereum though.....
Why would you divide market cap by BTC Supply? To me that doesn’t make sense. But my method gets you the same answer. Yes his ripple calculation is off
Because you want to see how much XRP would be if it had the same number of coins as Bitcoin. Coin Price x Number of Coins = Market Cap. So Market Cap / Number of Coins = Coin Price. Your method get's the same answer but mine has one less variable, so I prefer mine.
When you multiply a ratio by a number (XRP Price), you are only multiplying the numerator of that ratio with the number.
(XRP Supply / BTC Supply) (XRP Price) >>> Yours
= [(XRP Supply) (XRP Price)] / BTC Supply
= (XRP Market Cap) / BTC Supply >>> Mine is yours simplified