Finally some good news for the XRP army

News for the XRP community has mostly been mixed as of late. Many  blogs and news sites that cover cryptocurrencies couldn’t stop gloating about how many of the group of users and fans that have supported coinmarketcap’s third biggest crypto had left CEO Brad Garlinghouse’s currency.

But there appears to be light at the end of the tunnel. According to eToro, still a trading platform of some 800 million dollars if Wikipedia’s pages are to be believed, their global user base has invested in XRP so much that it outshines eve Bitcoin

Data from trading platform eToro’s latest quarterly report indicates that some 54.5% of its global user base is invested in Ripple labs’ digital asset, which is the highest amount among those counted as of April 1.

Surprisingly, the second-most invested asset is bitcoin at 35.1% of the user base, whilst ethereum and litecoin capture 23.9% and 14.5%.

XRP army fading?

However, according to the same report, the XRP army (the name that the XRP community has granted itself) is shrinking as the crypto loses value (and, some claim, importance).

In the first quarter of 2020, the number of Twitter mentions for XRP has fallen by 16%, while the crypto price fell by 9.51% in the same time.

BitInfo indicated that the word “Bitcoin” on Twitter has doubled from January till end of March 2020. This may be due to the sharp decline Bitcoin experienced in this period.

1 Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s