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There’s a reason why XRP still has a $9b market cap despite it being “overvalued” There’s a reason why XRP still has a $9b market cap despite it being “overvalued”

There’s a reason why XRP still has a $9b market cap despite it being “overvalued”

There’s no doubt the XRP cryptocurrency has a dedicated fan base; heck, the cryptocurrency community has fittingly branded supporters of the asset the “XRP Army.” But the altcoin has equally as many skeptics who believe the asset is intrinsically worthless, like how some see Bitcoin as an asset really worth $0.

There’s a reason why XRP still has a $9b market cap despite it being “overvalued”

Photo by BRDNK Vision on Unsplash

There’s no doubt the XRP cryptocurrency has a dedicated fan base; heck, the cryptocurrency community has fittingly branded supporters of the asset the “XRP Army.” But the altcoin has equally as many skeptics who believe the asset is intrinsically worthless, like how some see Bitcoin as an asset really worth $0.

As reported by CryptoSlate previously, one crypto derivatives trader remarked that XRP’s macro price chart looks eerily similar to the charts of technology companies that blew up over the past few decades.

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