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XRP price-to-sales ratio double that of Nvidia The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities. The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market.  The XRP  XRP  $0.63  token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37. This ratio is calculated by dividing a company’s market capitalization by the company’s revenue or total sales over the past 12 months. The lower the ratio, the more attractive the investment. Ripple’s XRP ledger generated over $583,000 worth of network fees in 2023, according to Messari. In comparison, Nvidia generated $26.97 billion in revenue during 2023, according to its 2023 fiscal report. The XRP token rose 0.15% in the 24 hours up to 10:30 am UTC, to $0.6205, with a $34 billion market capitalization, according to CoinMarketCap data. Nvidia shares were down 0.49% in pre-market trading to $898.25, according to Yahoo Finance data. Nvidia is the world’s largest semiconductor chip manufacturer and the third-largest company in the world, with a market capitalization of $2.25 trillion.

XRP price-to-sales ratio double that of Nvidia

The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.

The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market. 

The XRP 

XRP

$0.63

 token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37. This ratio is calculated by dividing a company’s market capitalization by the company’s revenue or total sales over the past 12 months. The lower the ratio, the more attractive the investment.

Ripple’s XRP ledger generated over $583,000 worth of network fees in 2023, according to Messari. In comparison, Nvidia generated $26.97 billion in revenue during 2023, according to its 2023 fiscal report.

The XRP token rose 0.15% in the 24 hours up to 10:30 am UTC, to $0.6205, with a $34 billion market capitalization, according to CoinMarketCap data.

Nvidia shares were down 0.49% in pre-market trading to $898.25, according to Yahoo Finance data.

Nvidia is the world’s largest semiconductor chip manufacturer and the third-largest company in the world, with a market capitalization of $2.25 trillion.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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