Why is XRP seeing a monster rally when Ripple is worth just $3B on the secondary market?
Cointelegraph
Published Apr 11, 2021 10:00AM ET
Updated Apr 12, 2021 12:40PM ET
The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market.
Yet, the XRP holdings of Ripple are reportedly worth $70 billion, which is many times higher than the valuation of the firm’s equity.
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Written By: Cointelegraph
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