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 Boring Company, Elon Musk’s tunnel-boring enterprise he started as a solution to “soul-sucking” Los Angeles freeway traffic, has completed its proof-of-concept tunnel, according to video shared by Musk on Friday night.

The two-mile “test tunnel” begins at the “SpaceX property (parking lot east of Crenshaw Boulevard and south of 120th Street), turns west under 120th Street, and remains under 120th Street,” according to a description on the website for the Boring Company.

Black Friday is coming, not to mention Cyber Monday, Thanksgiving, the holiday season, and that week between Christmas and New Year where nothing’s on TV and you don’t know which days the mail is supposed to come. It’s the most wonderful time of the year!

Before you get swamped with holiday gift-giving and receiving, we’ve found the best deals online to take advantage of right now before everything starts selling out. The hotness this year? Tech accessories. Stuff for your phone, iPad, laptop, you get it.

It’s that time of year where the pressure’s on to find super cool gifts for the people you love. Instead of scrambling around this year for last-minute gifts, why not head over to one of our favorite lifestyle product sites, Huckberry, and take a look at the Levimoon, which you’ve probably guessed by now is a levitating moon.

If you’ve been using the same furniture for 15+ years or find yourself watching “House Hunters” and wanting to redo every inch of your home, it might (hint: it is) be time for an upgrade.

Though HGTV might tell you otherwise, you don’t need to replace all of your furniture or demolish half of your place to give it a refresh. In fact, a couple of new products and fixtures can modernize any space without the cost of a total remodel.