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Ripple just replaced Litecoin as #2 on coinmarketcap

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ltb4me

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http://coinmarketcap.com/

Do people actually use Ripple? I realize it is an innovative payment network but have never seen it accepted anywhere. Isnt marketcap for Ripple artificially high since the price per Ripple was artificially set from the beginning and all the coins were premined so the marketcap is just their set price times the total number of premined coins?

As in, if I create 1 billion ltb4meCoins and say their worth $10 apiece, I can declare my coin has a $10 Billion marketcap.

Posted on September 16, 2014 at 9:14 PM

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• cryptoMatic

  

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  They're neck and neck right now. Litecoin back to #2 but they're within a few thousand dollars of each other

  Posted on September 16, 2014 at 9:17 PM
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• wassup

  

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  Ripple has a great potential and can take the second place without problems. The only issue with it is that Ripple is 100% premined and this is not well seen by the community.

  Posted on September 17, 2014 at 1:25 AM
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• ltb4me

  

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  @wassup Ripple has a great potential and can take the second place without problems. The only issue with it is that Ripple is 100% premined and this is not well seen by the community.

  So are all the Ripple currently in circulation? Or is it a matter of a few individuals holding the majority? I guess what Im really getting at is whether or not someone bid on an exchange slightly higher than other offers which raised the price on a thinly traded coin. If that new price is then being applied to all the coins not in circulation it paints an inaccurate picture of the total market cap.

  Posted on September 17, 2014 at 6:41 PM
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• vertoe

  

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  Stop using the market cap of coins or asset, take a look at their full statistics using community, developer and liquidity scores at coingecko.

  Ripple just ranks #4 behind Dogecoin #2 and Litecoin #3...

  https://www.coingecko.com/

  Posted on September 18, 2014 at 2:06 AM
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• Y0C0iNS

  

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  I will do my best to never use Ripple. Join me! :)

  Posted on September 18, 2014 at 7:36 AM
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• ltb4me

  

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  @vertoe Stop using the market cap of coins or asset, take a look at their full statistics using community, developer and liquidity scores at coingecko.

  Ripple just ranks #4 behind Dogecoin #2 and Litecoin #3...

  https://www.coingecko.com/

  I've never seen this site, thanks.

  Posted on September 18, 2014 at 5:17 PM
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• cryptozio

  

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  I have bought some XRP through Bitstamp last year, now they are valued 5 times what I payed them :)

  Posted on September 19, 2014 at 1:54 AM
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