XRP’s Supply Surge and Market Performance Compared to Bitcoin and Ether
- XRP’s circulating supply increased by 63%, from 38.7 billion in the past to 63.1 billion.
- Despite the increase in supply, XRP’s total market value fell by only 3%.
- Analysts suggest that with more XRP available, each token represents a smaller share of the total market value.
- Funds for bitcoin and ether have attracted billions, while XRP funds have seen significantly less demand.
- Paul Howard from Wincent noted that ETF uptake for XRP has been muted compared to Bitcoin and Ether.
The increase in XRP’s circulating supply has diluted its individual token value, making it less appealing compared to other major cryptocurrencies like Bitcoin and Ether, which continue to attract institutional interest through ETFs.
With a 63% rise in circulating supply since its peak, XRP now faces challenges as it struggles to gain traction in the market compared to Bitcoin and Ether’s robust ETF performance.
