Ripple Releases Q1 2018 Market Report - XRP Market Share Increases
- At the same time however the price of one XRP dropped from $1.91 to $0.51.
Ripple has released its market report for the first quarter of 2018.
160.0 billion USD worth of XRP was traded in Q1 2018. Of this, 16.6 million USD was purchased from XRP II, which is Ripple's South Carolina-based money service business, and $151.1 million was sold "programmatically," according to the report.
3 billion XRP was released from cryptographically-secured escrow during the quarter, divided equally between the 3 months. However 2.7 billion was put back into new escrow accounts. The remaining 300 million XRP is being used to invest in the network.
Ripple says that the total market capitalisation of all its digital assets is 263.5 billion USD, a fall of 56.3 percent from 603.7 billion USD at the beginning of the year.
The value of XRP was 1.91 USD at the beginning of the year and 0.51 USD at the end of the quarter, a fall of 73 percent. Ripple notes that this is representative of the price movement of the cryptocurrency market as a whole.
One factor which affected the value was the decision of the listing website coinmarketcap.com to remove all South Korean exchanges from its roster. Because XRP has a large share in that market, its displayed price dropped disproportionately when compared to other assets.
Ripple notes that the price of its coin was also heavily affected by regulatory developments in South Korea - rumours of a total ban on cryptocurrency caused XRP the most Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term since April 2017.
The report notes some exceptions, notably that while the total market capitalisation of all digital assets doubled between the dates 24/11/17 to 31/3/18, XRP's share of that capitalisation grew from 3.56 to 7.57 percent. This was partly due to its listing in 18 additional venues over that period so that now it can be accessed on 60 different cryptocurrency exchanges.
This positive result can also be explained by several new partnerships - in the first quarter of the year Ripple announced pilot schemes with Western Union, Cambridge Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, MercuryFX, IDT and MoneyGram
Ripple has released its market report for the first quarter of 2018.
160.0 billion USD worth of XRP was traded in Q1 2018. Of this, 16.6 million USD was purchased from XRP II, which is Ripple's South Carolina-based money service business, and $151.1 million was sold "programmatically," according to the report.
3 billion XRP was released from cryptographically-secured escrow during the quarter, divided equally between the 3 months. However 2.7 billion was put back into new escrow accounts. The remaining 300 million XRP is being used to invest in the network.
Ripple says that the total market capitalisation of all its digital assets is 263.5 billion USD, a fall of 56.3 percent from 603.7 billion USD at the beginning of the year.
The value of XRP was 1.91 USD at the beginning of the year and 0.51 USD at the end of the quarter, a fall of 73 percent. Ripple notes that this is representative of the price movement of the cryptocurrency market as a whole.
One factor which affected the value was the decision of the listing website coinmarketcap.com to remove all South Korean exchanges from its roster. Because XRP has a large share in that market, its displayed price dropped disproportionately when compared to other assets.
Ripple notes that the price of its coin was also heavily affected by regulatory developments in South Korea - rumours of a total ban on cryptocurrency caused XRP the most Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term since April 2017.
The report notes some exceptions, notably that while the total market capitalisation of all digital assets doubled between the dates 24/11/17 to 31/3/18, XRP's share of that capitalisation grew from 3.56 to 7.57 percent. This was partly due to its listing in 18 additional venues over that period so that now it can be accessed on 60 different cryptocurrency exchanges.
This positive result can also be explained by several new partnerships - in the first quarter of the year Ripple announced pilot schemes with Western Union, Cambridge Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, MercuryFX, IDT and MoneyGram