Ripples XRP has since been an active and vocal Community – hence the name “the XRP-army”. For some reason, the market capitalisation the third largest crypto-currency managed to become a crowd favorite, with a seemingly endless stream of followers.
Current data suggests that this is changing, however, and several reports indicate that the Ripple community is shrinking, in spite of the positive fundamental developments at a rapid pace.
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The Community of Ripples XRP is shrinking… and fast
According to “The State of Digital Assets, Q1 2020” – a report on the state of the crypto industry, comes from the pen of the Multi-Asset-Trading platform eToro, and The TIE, an upstart to the crypto-analysis – shrinks the XRP-army in a pace notice.
In the first quarter of 2020, the number of Twitter users who discussed the crypto currency “is fallen”, in order to 16%, while the Asset itself is decreased in the same period, to 9,51%.
Although the report contains no corresponding metric for Bitcoin, indicates BitInfo to the fact that the number of Tweets in which the word “Bitcoin” is mentioned, has doubled from February 2020 until the end of March 2020, on average, even – presumably as a response to the price crash.
Add to that data of the crypto-Traders Zytek indicate that the number of members has declined in crypto-centric telegram chat rooms dramatically.
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His analysis showed that from June 2018 to 2020 in crypto-groups of @Decred, and @crypto alerts to @whale club and @Litecoin members, notable losses were recorded from 25% to 75%. A good part of these losses took place in the last six months, from February 2019 to April 2020.
In particular, the Channel of Ripple/XRP reported in June 2018, a loss of Members of 63,89% and decreased from 64.525 members on 23.299.
Notable Losses
Probably there is not a single reason for this decline, but there are a number of prominent XRP proponents, which explains the Trend as finished, and so that may be capitulation, relapses have been triggered can be found.
In October of last year, about Hodor has ceased to be – a Blogger who reported on every movement of the crypto-currency and 56,000 followers, has found – and had his account and his Blogs to disappear. The account was widely regarded as one of the largest driving forces of XRP in the social media.
Tiffany Hayden – the self-proclaimed “CEO” of XRP – followed this example. On 9. March of this year, commented Hayden: you’ve decided to sell all of their possessions, although a large part of your Twitter messages to be streamed to your page to learn the latest news and thoughts on the crypto-currency.
This sudden decision by the fact that the XRP community had allegedly “attacked your character”, after she had revealed what she considered an error in the XRP-network:
“Wherever XRP-followers gather, you have nothing Better to do than to speak Schxxxe about me, can read my, parents and children with pleasure. I’m done. Go find someone else, you demonize you, and spend your life bitching about it.“
In addition, the crypto-currency remains more than 95% below its all-time high, what is the surrender is accelerated most likely, as the mood in the social media about the Performance of the asset shows.
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