XRP has just surpassed Ethereum in terms of valuation, but there is one important detail - this only applies to the capitalization of the Full Dilution Market (FDV). That is, the total value of XRP, if all tokens are circulating, are now higher than Ethereum. But does this really mean something? Let's discuss more deeply. Crypto Miles Deutscher recent analyst shows that the Valuation of Full Dilution (FDV) XRP now exceeds Ethereum. FDV calculates the market capitalization of an asset based on the total supply, not only supplies in circulation today. According to data from Coinmarketcap, FDV XRP currently reaches $ 231.18 billion, while FDV Ethereum is slightly lower at $ 228.9 billion. However, before drawing conclusions, there is one important factor that needs to be considered. Unlike Ethereum, XRP still has a large amount of tokens locked in Escrow by Ripple. If all the tokens are released into the market, the XRP market capitalization will exceed Ethereum. But Ethereum does not have such locked tokens - all the supply has been completely circulating. This is not the first time XRP has surpassed Ethereum in FDV. In recent weeks, this event occurred occasionally due to the increase in XRP supply circulating and the strong increase in Ethereum since November 2024. In fact, XRP has risen 257% of Ethereum since then, strengthening its position as the third largest crypto after passing tether (USDT) a few months ago. However, the recent market decline has affected the position of XRP, pushing it back to fourth place. So, even though the FDV is higher, the actual market capitalization of XRP is still far behind than Ethereum. It should also be noted that Ethereum is currently experiencing a little inflation. Dencun renewal, which is designed to reduce transaction costs, also causes a decrease in the number of ETHs burned. That is, the supply of Ethereum slowly increases, which can affect its values in the long run. On the other hand, XRP also experienced inflation due to its Escrow token release. Over time, more and more XRP tokens enter the market, which affect the dynamics of the price. This is one of the reasons why FDV alone is not the best metric to judge the strength of a crypto currency. In the end, FDV is indeed interesting to be analyzed, but not the most important metric. What is truly considered by investors and crypto markets as a whole is the real market capitalization-the value of the tokens circulating. Until now, XRP still needs to rise around 69% to reach $ 3.90 per token in order to exceed the Ethereum market capitalization which reached $ 229.12 billion. This latest development indeed shows the increase in XRP's position in the market, but whether the momentum can survive is still a question. For now, Ethereum remains a dominant force, while XRP continues to try to pursue. We will see whether this trend continues or if Ethereum further strengthens its position. What do you think? Is the achievement of FDV XRP an important milestone, or just temporary fluctuations? #xrp #xrphariini #RIPPLE #XRPPRICE #XRPPREDICTION #ETHEREUM
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