Ripple is soaring, but you wouldn’t know it from just looking at the price. The cryptocurrency geared at professional use made waves this week after its price soared by more than 1,000 percent in less than a month. One Ripple token is now worth $2.89, which on paper seems like a paltry sum compared to the $15,334 price of a single bitcoin. Comparing the two on a like-for-like basis is a fool’s errand, though.

It’s similar to how you can’t simply compare the price of various currencies. Say you wanted to use your dollars to buy euros. At the time of writing, one dollar can buy you 83 euro cents. You could look at this figure and say that one euro is worth less than one dollar, but it’s the price of goods and services will determine whether you’re getting a good deal. If a smartphone is $500 in the U.S. and €500 in France, all else being equal you’re better off buying the phone in the U.S. using dollars. If the phone is €300 in France, though, those 83 cents don’t seem like such a bad deal. The exchange rate is just one piece of the puzzle.

It’s a similar deal with cryptocurrencies. Watching the price of a single token is good for understanding market movements, but it won’t help you compare the real value of cryptocurrencies. While one bitcoin is worth $15,334 and one Ripple token is worth $2.89, it’s distorted by the fact that there are fewer bitcoins to go around in the first place. There are nearly 17 million bitcoins in circulation, while there are nearly 40 billion XRP tokens on the market.

Bitcoin or euro: which is more valuable?

This helps explain why analysts place emphasis on market cap when comparing cryptocurrencies. The total valuation of all the tokens in circulation show how much the total market is worth. Ripple has a market cap of $112 billion, while Bitcoin rests at $257 billion. Ethereum is in third place, with a market cap of $86 billion. Ripple seems like a tiny player based on its token price, but its market cap reveals it’s a juggernaut with billions of dollars sloshing around. The price of a token is so low simply because there are so many in circulation.

That isn’t to say token prices are useless. They’re a good indicator of the gains and losses investors are making over time. The price of Ripple has moved from $0.26 per token on December 2, 2017, up to $2.89 on January 3, an over 1,000 percent increase in value over the space of a month. From this we know that an investor that bought $100 of Ripple tokens last month now owns around $1,100 worth. We don’t know anything about the total number of investors in Ripple, though, which is where market cap comes in handy.

Next time someone tells you that Bitcoin is performing better than Ripple because one token is worth more, you now know to laugh at them.

Photos via Getty Images / Dan Kitwood

The Apple Car is still on track, and it’s going to launch soon. That’s according to TF International Securities analyst Ming-Chi Kuo, who published a Tuesday report detailing the firm’s upcoming hardware roadmap that will double its $1 trillion market cap to reach all-new levels.

The report, shared by MacRumors, claims that the Apple Car will launch somewhere around 2023 and 2025 as the “next star product.” While previous reports around the company’s secretive project suggest Apple would instead develop an autonomous driving technology for use with other vehicles, Kuo claims that Apple will release its own branded car for four reasons: the automotive sector is being redefined by technology in the same way as the smartphone industry 10 years ago, Apple can differentiate with augmented reality and other technologies, car financing would help Apple’s services sector grow, and the company could do a better job of integrating hardware and software than existing automakers.

Currently, each HomePod unit has one true master. Users have to tie the speaker to an Apple ID and from then onward whoever interacts with it will be recognized as that one specific person. But a recent Apple’s filing suggests that the signature voice assistant might soon learn how to tell exactly who is speaking to it.

If we’re going to have any hope of reversing the troubling trend of years that get steadily hotter on average, we’re probably going to have to find something to do with all the carbon dioxide we’ve leaked into the atmosphere over the course of several generations of unabashed fossil fuel consumption.

Elon Musk praised the work of the OpenAI team on Monday, after a set of artificial intelligence bots beat a semi-professional team at the Dota 2 video game in a San Francisco showdown Sunday. Musk, who co-founded the research firm, marked the victory by reiterating the need for a brain-computer interface that would enable man and super-smart machine to coexist peacefully.

The Super Bowl for Apple fans has almost arrived and this year could bring some major changes to the Cupertino-based company’s signature iPhone. While the exact date for 2018’s anticipated iPhone keynote has yet to be revealed, Apple has habitually hosted a yearly launch of new handsets in September since 2012. The 2017 iPhone announcement fell on September 12.