During the most recent two years, Ripple has lost over 63% of its dynamic network, as indicated by information gathered from Telegram chat groups by a pseudonymous cryptocurrency traders.
(Whaleclub went private so it's the most accurate number for existing members after 2017 bull run)
Member loss is from June 2018 till April 2020 pic.twitter.com/Cy19Nz0PoS
— Aztek_Ƀtc (@Aztek_btc) April 15, 2020
Aztek’s information demonstrates that between June 2018 and April 2020, numerous cryptocurrency-powered Telegram stations have seen a serious drop in the number of members, prompting massive ‘community capitulation.’
As previously revealed, Ripple’s XRP was the most noticeably worst performing cryptocurrency asset in the top 25 coins by market capitalization within the first quarter of 2020. The price of Ripple’s XRP is as of now down 95% since its record-breaking high in January 2018.
More regrettable despite everything, Ripple, the company committed to the coin, has been including to the downwards pressure on its price.
Messari, the data analyst noted in a recent report – “Early in the year, Ripple CEO Brad Garlinghouse revealed that Ripple would not be profitable or cash flow positive without selling XRP, indicating that its XRP sales were indeed helping to finance the business.”
[image credit : Flickr]