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In a surprising movement on the cryptographic market, XRP crossed Ethereum (ETH) In the key indicator of valuation: fully diluted market capitalization (FDMC). While Ethereum was in Down Trend This bull cycle, XRP performance in the last six months has been impressive, which led to it quietly overtaking the second largest cryptocurrency in the world by market capitalization.
XRP reveals Ethereum in FDMC
Edward Farina, a cryptographic analyst and sincere supporter of XRP, took to X (previously Twitter) on April 18 announce that XRP officially overtook Ethereum in terms of fully diluted market capitalization. FDMC represents the total potential cryptocurrency value if all its tokens were in circulation.
This record is usually calculated by multiplying the current cryptocurrency price by its maximum Supply of the token. This contrasts with more frequently canceled market capitalization records, which only a factor in supply circulation.
During her position, Farina announced that FDMC XRP reached $ 208.4 billion, exceeding $ 192.5 billion Ethereum to around $ 15.9 billion. This means over six consecutive months XRP exceeds Ethereum In terms of the forecasted value, signaling the potential change of Altcoin dominance between two leading cryptocurrencies.
Despite the milestone FDMC XRP, it is worth paying attention to The current market capitalization of Ethereum remains much higher. According to the capitalization of the ETH market, the ETH market is estimated at $ 199.14 billion, compared to $ 124.3 billion XRP, which reflects a difference in about 74.84 billion dollars.
The key reason for this discrepancy between Market capitalization XRP And FDMC lies in its unique token structure. A significant part of the XRP supply takes place in a deposit, which means that tokens are not yet available on the open market. Although they do not count to the circulating supply, they are included in its fully diluted market capitalization.
The implication of this distinction remains clear: if all XRP tokens in Escrow have been unlocked and widespread today, its market value may exceed the value of Ethereum. Because Altcoins constantly take momentum in the indicators of the valuation and interest of investors, it can be significant Challenge for the position of Ethereum As Altcoin number one and the second largest cryptocurrency.
Bollinger bands signal the main movement at the Altcoin price
The price of XRP can be prepared for Significant upward movement Because the indicators of technical charts indicate growing variability. Recent analysis From the 4-hour table of cryptographic analyst, Ali Martínez shows Bollinger teams Tightening – a classic signal that often precedes a breakthrough.
Currently trading near the central line, after reflection from the lower support zone, XRP is currently consolidating in a narrow range. The “squeeze” pattern reflects the reduced variability. While the goal of the proposed price movement remains uncertain, Martinez is convinced that his next breakthrough is just around the corner.
A distinguished picture from Unsplash, tradingview.com chart
