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What happens to the Ripple coin?

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The published report Ripple allows you to better assess the situation in the cryptocurrency market. It turned out that the daily volatility of the token was significantly reduced, and the binding to other assets increased. But this is not all information about the development of the XRP token.

Truth and fiction about XRP capitalization

It is believed that now there are about 41 billion XRP tokens in circulation. However, this information will be far from complete. Of the announced amount, almost $ 19.2 billion can be attributed to low-liquid assets. In fact, they are taken out of circulation, so they should not be taken into account in the calculations.

Moreover, these coins belong both to the company Ripple Labs and its founders. Only Jed McCaleb owns 6.7 billion tokens. And according to the terms of the agreement, he cannot sell them at the moment. Thus, the blockchain capitalization as a whole is not 12, but just over 6 billion dollars.

The company itself does not hide this circumstance. At the same time, they do not provide information on how many tokens were found to be frozen.

Figures about Ripple

From the published report you can get interesting data on the trade in coins. Thus, over the past three months, its rate has increased the correlation to other digital assets. It is worth recalling that the company Ripple received the right to issue tokens. Therefore, it can artificially regulate the turnover of an asset.

For the entire 2018 year, it received $ 535.56 million only through the sale of coins. And a quarter of this amount was gained in the fourth quarter. The conclusion suggests itself: a company selling coins is not guided by their quantity, but by the proceeds. Critics of Ripple Labs note that the company often sells tokens on third-party sites. And it does not allow to track the real state of affairs.

At the same time, there are positive data. So, the daily volatility of ripple dropped to 5%. This is the lowest figure in the last two years.

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