Grayscale data shows XRP valued near 6% of Bitcoin market cap
Image: Bitcoin.com NewsGrayscale data shows XRP's market cap at nearly 6% of Bitcoin's, higher than other non-Bitcoin currency tokens in the comparison. The chart uses 30-day average market caps through late September. Zcash rose above 1% of Bitcoin's value, ranking ahead of Monero, BCH and LTC. Bitcoin's market cap was about $1.678 trillion, with XRP near $94.08 billion.
Key points
- Grayscale data shows XRP's market cap at nearly 6% of Bitcoin's, the highest relative valuation among non-Bitcoin currency tokens it tracks.
- The comparison uses 30-day average market capitalizations measured against Bitcoin's market cap, not each token's share of the total crypto market.
Why it matters
The comparison measures each token against Bitcoin's market cap rather than the wider crypto market, giving a relative ranking of non-Bitcoin currency tokens such as XRP and Zcash.
What's unclear
The precise Zcash ratio is given as above 1% in one report and about 1.5% in the other.
Price context · XRP
At publication
$1.49
Now
$1.49
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
Grayscale: XRP’s Near-6% Bitcoin Valuation Sets a Benchmark for Zcash
Coverage timeline
- First reported by The Crypto Basic
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
