XRP became the most unsuccessful large crypto asset for investments in 2020

XRP became the most unsuccessful large crypto asset for investments in 2020

Ripple’s own token turned out to be the most unsuccessful large investment crypto asset in 2019, when its price fell by 50% against the US dollar. In 2020, this trend continues, said the analytical portal Messari.

Analysts identified XRP among the top 25 cryptocurrency market coins as the worst among investors in the first quarter of 2020. According to them, XRP is no longer the third largest asset on the market, giving way to the stablecoin Tether.

“XRP was the worst asset in the first quarter of the top 25. The decline in XRP sales since the third quarter of 2019 did not help keep the price, ”the company writes.

According to them, the uncertainty of the legal status of XRP may cause concern among investors, which, in turn, negatively affects the price. Ripple proceedings are ongoing, in which investors want XRP to be recognized as unregistered securities.

At the same time, analysts recognize that positive news surrounds XRP. So, in the first quarter, BitMEX launched a swap on XRP, “opening it to one of the most liquid exchanges in the cryptocurrency space.”

Messari was named not only the most unsuccessful crypto asset since the beginning of the year, but also the most successful. Of all the assets with real trading volumes and capitalization above $ 10 million, the three best ones were Hedera Hashgraph (HBAR) with + 213.57%, Streamr (DATA) with + 184.95% and Datum (DAT) with + 167.67%.

Messari founder Ryan Selkis in a separate tweet notes that on Monday Ethereum and XRP dropped to third and fourth in terms of real trading volume, losing Chainlink. However, this altcoin is also far from the turnaround of bitcoin.

Recommended New Articles:

Leave a Reply

Your email address will not be published. Required fields are marked *