On the company’s blog by Ripple yesterday, the annual report was published for the first quarter of 2018. It States that Ripple to sell in the first quarter of 2018 167,7 million XRP, an increase of 83 percent, compared to 4. Quarter of 2017 there could.
In the annual report it says that the direct sales of XRP had a value of 16.6 million USD. This means a decline of 17 percent compared to the previous quarter. The “programmatic” turnover has doubled from USD 71.5 million, and to 151,1 million USD.
According to the Declaration of David Schwartz, Chief cryptographer of Ripple, is “programmatic” sales sales by third parties, the use of Ripple. In General, this should be so, the sales of crypto-currency exchanges.
As Schwartz notes that Ripple through these sales do not have direct control and can not adjust your Timing in the short term. In this respect, he also confirmed that the Hype of any kind drives the XRP exchange volume, which increases the amount of programmatic sales, the Ripple carries.
The total share of the cryptocurrency market rose in the first quarter of 5.3 percent by the end of 2017 to 6.9 per cent at the end of March. In this respect, Ripple noted in the report (freely translated):
While the entire market capitalization of all digital assets on the 24. November 2017 and 31. March 2018 was the same, doubled the percentage of XRP at this market capitalization of 3.56 percent to 7.57 percent – a continuation of a trend that began, for the first time in 2017.
In the report, Ripple also looked at the decline in the exchange rate of XRP. This reflects, therefore, the Trend of the entire crypto currency market. XRPs rate increased by the end of 2017, from less than $ 0.25 at the beginning of December to a high of $ 3.84. The 1. Quarter began XRP at 1.91 USD and ended at $ 0.51, a decrease of 73 percent.
The report of the Ripple is also concerned with the negative impact of regulatory measures, together with the uncertainty about the future.
Among the topics covered are South Korea, the CFTC and the summons of the Tether and Bitfinex, the Coincheck Hack and the deliberations of the G20 summit of Finance Ministers will be addressed. The report, however, relates not specifically to Ripple’s own regulatory issues, but the overall impact on the market. On the question of whether Ripple is a value paper, is not discussed.
To the editors of the time the price of XRP is around 0.61 euros, thus recording a slight increase of 0.9 percent over the past 24 hours.
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