Will XRP (Ripple) Soon Be Bigger Than AMD?
XRP (CRYPTO: XRP), the third-most-valuable cryptocurrency in the world, has taken the sector by storm since Donald Trump won the U.S. presidential election. The price of XRP is up more than 530% since election night. Trump has embraced crypto, surrounding himself with several officials who support cryptocurrency. He has also promised a lighter regulatory touch and to make the U.S. "the crypto capital of the world."
XRP's market cap has gotten so large that it is now bigger than many large tech stocks that have been around for years and decades. Will XRP, the cryptocurrency created by Ripple, eventually surpass the large artificial intelligence player Advanced Micro Devices (NASDAQ: AMD)? Let's take a look.
As of Jan. 24, XRP's market cap was about $181 billion, while AMD's market cap was $199 billion. AMD designs different semiconductor products that make artificial intelligence (AI) possible, including central processing units (CPUs), graphics processing units (GPUs), and field-programmable gate arrays (FPGAs). Some of the largest technology companies in the world use AMD's products to power their products, whether it's gaming, their cloud business, or AI and machine learning models.
Source Fool.com
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