CryptoIntelligence 2024-04-04 05:12:00

XRP Token’s Market Valuation Soars, Nearly Doubling Nvidia’s Despite Legal Hurdles

The XRP token, with a price-to-sales ratio of 61.689, stands out for its valuation nearly double that of Nvidia’s ratio of 37, reflecting a stark contrast in the investment attractiveness of these two entities. This metric, which offers insight by dividing market capitalization by total sales over the last year, positions XRP in a unique light compared to Nvidia, one of the most actively traded stocks. In 2023, the Ripple XRP ledger saw over $583,000 in network fees, as reported by Messari. In stark contrast, Nvidia’s revenue reached $26.97 billion, as highlighted in its fiscal report for the same year.

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