In a ground-breaking revelation, the Chief Technology Officer of Ripple, David Schwartz, shed light on the misinformation in the crypto universe concerning price and supply comparisons. Arguing against common misconceptions, Schwartz emphasized the importance of factoring in market capitalization when comparing digital currencies.
Schwartz pointed out that the total supply of a coin and its price are inversely related. This essential correlation often gets ignored in crypto price comparisons, which misguides potential investors and traders alike. He added that the total market cap – an essential indicator of a coin’s value – helps decipher the true potential of a digital currency rather than its per unit price.
By spreading these insights, Ripple’s CTO aims to clear the ambiguity surrounding the crypto industry, thereby encouraging sound investment decisions and promoting the growth of the digital currency scene on the whole. Read More
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