Ripple is reportedly trading at a $2 to $3 billion valuation but its XRP holdings are worth around $70 billion.
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.
Returns over last year...Cardano $ADA: +3,290%BinanceCoin $BNB: +3,058%Polkadot $DOT: +1,353%Ethereum $ETH: +1,171%Uniswap $UNI: +953%Chainlink $LINK: +875%Bitcoin $BTC: +728%XRP $XRP: +532%Litecoin $LTC: +406%Bitcoin Cash $BCH: +161%Gold: +3%US Dollar Index $USD: -8%— Charlie Bilello (@charliebilello) April 10, 2021
Michael Novogratz, the billionaire cryptocurrency investor and the CEO of Galaxy Digital, said:
"Ripple equity is ‘trading’ in secondary market at $2-3bn valuation.