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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-token-surpasses-nvidia-in-price-to-sales-ratio/" data-wpel-link="internal">XRP Token Surpasses Nvidia in Price-to-Sales Ratio</a> 
<a href="https://en.coin-turk.com/ripples-xrp-analyzing-the-impact-of-token-supply-and-sales-on-market-dynamics/" data-wpel-link="internal">XRP</a> token’s price-to-sales ratio is almost twice that of Nvidia, one of the most traded stocks in the market. While the XRP token has a price-to-sales ratio of 61,689, Nvidia has a ratio of 37. This ratio is calculated by dividing a company’s market value by its revenue or total sales over the last 12 months. The lower the ratio, the more attractive the investment becomes. 
<h2 class="p1" style="text-align: justify" id="noteworthy-data-on-xrp">Noteworthy Data on XRP</h2> 
According to blockchain data analysis firm Messari, <a href="https://en.coin-turk.com/xrps-incredible-investment-return-of-9322-in-10-years-surpasses-tech-giants/" data-wpel-link="internal">Ripple</a>‘s XRP order book generated over $583,000 in transaction fees in 2023. In contrast, Nvidia reported revenues of $26.97 billion for the year 2023 according to its financial report. As per CoinMarketCap data, the XRP token rose by 0.15% to $0.6205 within 24 hours by 13:30, reaching a market value of $34 billion. 
According to Yahoo Finance, Nvidia shares (NVDA) fell by 0.49% to $898.25 in pre-market trading. Nvidia is known as the world’s largest semiconductor chip manufacturer and the third-largest company with a market value of $2.25 trillion. 
The company reported a 265% annual increase in revenue due to rising global demand for artificial intelligence equipment. While XRP’s price increased by 20.55% last year, Nvidia’s stock price surged over 241% due to increased global demand for semiconductor chips widely used in high-level AI models. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-334440 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-grafik-2.webp" alt="" width="1534" height="857"> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-xrp-front">What’s Happening on the XRP Front?</h2> 
XRP price has been under increasing pressure since December 2020, when the United States Securities and Exchange Commission (<a href="https://en.coin-turk.com/what-are-crypto-currencies/" data-wpel-link="internal">SEC</a>) filed a lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, alleging that the company raised $1.3 billion through unregistered securities offerings via XRP token sales. 
The case drew more attention in July 2023 when Judge Analisa Torres decided that XRP is not a security, but rather the decision pertained only to the specific sales on crypto asset exchanges. The judge also ruled that XRP is a security when sold to institutional investors who meet the conditions of the Howey Test. 
According to a court filing dated March 25, the SEC proposed that Ripple pay a total of $1.95 billion in civil penalties based on its continued sale of XRP after legal warnings, challenging the laws. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-token-surpasses-nvidia-in-price-to-sales-ratio/" data-wpel-link="internal">XRP Token Surpasses Nvidia in Price-to-Sales Ratio</a></h5>

XRP Token Surpasses Nvidia in Price-to-Sales Ratio

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