RATE Group | Data Shows XRP’s Community Is Dissolving Fast: What’s Behind the Trend?
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Data Shows XRP’s Community Is Dissolving Fast: What’s Behind the Trend?

18 Apr Data Shows XRP’s Community Is Dissolving Fast: What’s Behind the Trend?

Posted at 04:37h in Cryptocurrency News by

XRP has long had an active and loud community, hence their moniker “the XRP Army.” For some reason, the third-largest cryptocurrency by market capitalization managed to become a crowd-favorite project, with a seemingly endless flow of supporters.

According to new data, however, this is changing, with multiple reports indicating that the Ripple community is shrinking at a rapid clip despite positive fundamental developments.

XRP’s Community Is Shrinking… and Fast

According to “The State of Digital Assets, Q1 2020” — a report outlining the state of the crypto industry penned by multi-asset trading platform eToro and The TIE, a crypto analytics upstart — the XRP Army has begun to shrink at a notable pace.

Over the first quarter of 2020, the two firms observed that the number of Twitter users “discussing” the cryptocurrency fell by 16% while the asset declined by 9.51% during the same time frame.

While there wasn’t an equivalent metric for Bitcoin included in the…

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