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Ripple has just released its XRP Market Report for the fourth quarter of 2018, showing that despite the misbehavior of the cryptography markets, 2018 was a good year for the company.
According to the report, Ripple sold a total of $ 129.03 million of XRP. This amount is obtained by adding $ 88.88 million "programmed" sold by Ripple and $ 40.15 million sold by XRP II, LL (a subsidiary of the company registered as a licensed money services business), primarily to institutional investors. .
This amount represents 24.09% of the total XRP sold by the company during this year, which shows that the company's performance was lower than the expected results.
The company also reported that during Q4, 3 billion XRP was released from its escrow account; however, $ 2.4 billion was transferred into new escrow contracts. The team mentions that the rest is used for various activities that will contribute to the growth of the company.
Another important aspect highlighted by the company is that the average daily volume of XRP was $ 595.7 million, an increase over the previous two quarters.
Similarly, despite market behavior, the volatility of the XRP token has decreased while the volume of transactions has increased significantly.
The company also reports that by the end of the year, the correlation between the XRP and the largest cryptos had returned to levels seen in previous periods, reflecting the strength of the chip in the global market.
XRP was listed in 30 new exchanges at the end of 2018. As a result, the token is available in more than 100 cryptocurrency exchanges around the world. Similarly, the XRP is gradually becoming a reference in the market, being accepted as a base pair in 3 new exchange houses.
It is important to note that Binance, the world's largest digital badet exchange according to Coinmarketcap Data, was also one of the platforms that added the XRP as a base pair. Until now, you can only trade with XRP / TRX and XRP / XZC pairs.
The report ends with a general overview of the cryptographic landscape. Ripple pointed to the growing coverage afforded by the media to stable coins, especially the USDT, after information on their strength and transparency. In addition, the Ripple team believes that the market is maturing and that good projects survive and that over-excited or fraudulent projects tend to disappear:
"The market continued to mature in Q4. First, we have seen an increase in the number of enforcement actions taken against questionable cryptographic projects, including ICOs. By eliminating these projects, the market will naturally contract as legitimate projects develop and experiments or scams disappear.
In addition, we found that reputable financial institutions, both in the United States and abroad, continued to advance their digital badet or blockchain projects.
Currently, XRP is the altcoin with the highest market capitalization according to Coinmarketcap data. At the time of writing, the total capitalization of XRP is 13,082,200,395, which represents over $ 700 million over its immediate competitor, ETH, with a capitalization of 12,301,681,235. .
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