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Ripple (XRP) is a payment protocol and network token which is currently ranked third on the Brave New Coin market cap table. Since November last year, Ethereum (ETH) and XRP have had similar market caps. The XRP market cap stands at US$12.84 billion, as calculated from a 41.43 billion free float supply. Over the past month, XRP has underperformed most large and medium cap coins and assets. Ambiguity continues as to whether or not XRP represents an unregistered security. Ripple initially created, escrows, owns a majority of, and continues to control the majority flow of XRP tokens. Ripple argues that the network is decentralized because the XRP token does not represent shares of Ripple, the company, and the XRP network would continue to exist if Ripple Labs did not. Several pending court cases, as well as clarity from the U.S. Securities and Exchange Commission, would clear any regulatory uncertainty surrounding the asset. Read the detailed in depth analysis on Brave New Coin

Karen Holleran

Karen Holleran

Karen Holleran Editor @aikarensf Karen is a proud third generation San Franciscan, and has worked in various positions including developer relations, winemaking, freelance writing, and as a teaching assistant for autistic children. She is passionate about disruptive tech, artificial intelligence, cryptocurrencies, and blockchain technology. She is excited at how these technologies can improve the quality of life for people globally. When Karen isn’t busy discovering new things, you can find her enjoying the diversity of the Bay Area, keeping up to date on the latest tech news, or relaxing at home with her beloved rescued cat.

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