Ripple is actively slowing its sales of XRP
2020 has not had time to begin, and one of the largest cryptocurrencies Ripple (XRP) is already reporting unpleasant news. According to the financial report of the company, the volume of sales of internal tokens decreased by more than 80%. And, according to the developers, this is just the beginning. Very soon, even large amounts of currency will go back into the hands of the company, and users will have much less crypto. Today we will deal with the causes of this decline. We will tell you what to do to XRP owners and those who want to purchase this wonderful cryptocurrency. Without further ado, let’s begin.
A bit about Ripple (XRP)
Just in case, if you have not heard or do not fully understand the meaning of XRP, we will briefly examine the advantages of this crypto. Understanding the fundamentals further convinces you that the gradual withdrawal of XRP from the market is a big loss.
Ripple is a huge financial startup that sets truly good goals. The company seeks to combine familiar payment systems and digital currencies. Thanks to patented technologies and a special Blockchain, every businessman can work productively with crypto, exchanging his finances for any known coin. Ripple is actively developing, moving the entire crypto industry forward. The internal coin of the site, XRP, takes the leading lines in the lists of the best cryptocurrencies. Solid capitalization and a strong idea make the coin a reliable source for investment.
But today, all owners of XRP received unpleasant news that the company intends to reduce the rate of sale of its asset. Changes began in the second quarter of last year. It was then that the creators thought about restructuring the financial plan. In their opinion, a more cautious and conservative approach to the sale of tokens should help the crypt to develop into something more. For comparison, the difference in sales between the 3rd and 4th quarter of 2019 amounted to more than $53 million. That is, an obvious decrease reached 80%.
The company completely changed its own policy, in the last quarter cryptocurrency was bought exclusively by business partners and serious investors. New tokens were not delivered to exchanges. Note that, along with a decrease in trading volumes, coin volatility also fell. Ripple equalized in price.
What will happen next?
Apparently, Ripple does not intend to change the company’s policy for now. The company is very cautious about its own savings, since the crypt has limited emissions. Some analysts believe that XRP has ceased to be actively listed on exchanges in order to slightly increase the value of the coin. Indeed, in recent times, XRP has been growing for the most part.
Thus, we can conclude that it is definitely not worth selling your savings in XRP now. Stick to cryptocurrency, it is possible that price tags will grow exponentially soon. You will even more benefit if Ripple completely removes its token from the exchanges. In this case, the value of the crypto will increase tenfold and each coin holder will be able to make good money.
Stay tuned for all the news about Ripple changes and other crypto industry updates with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!