A new analysis explores how much XRP would need to be burned for its price to match Ethereum
With XRP trading at $2 and Ethereum at $2,823, the comparison highlights the enormous impact circulating supply has on valuation.
Specifically, XRP has a circulating supply of 60.25 billion coins, giving it a market cap of roughly $120.5 billion at $2 per token. Ethereum, at $2,823, has a much smaller circulating supply of 120.69 million ETH, resulting in a market cap of about $340.5 billion.
For XRP to reach the same price as Ethereum, it would need to support a similar market cap. That can only happen by drastically shrinking its circulating supply to levels comparable with Ethereum’s
The comparison shows that XRP’s enormous token count of over 60 billion is a primary reason its price cannot approach Ethereum’s range under current conditions.
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