RATE Group | Ripple community shrinks by 60%
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Ripple community shrinks by 60%

Ripple community shrinks by 60%

  • Data from eToro and TIE shows that the Ripple community (XRP) is rapidly shrinking. In two years it has lost about 60% of its users. 
  • On the crypto exchange eToro, 50% of users have invested in XRP compared to 35% who have chosen to invest in Bitcoin (BTC). 

Data collected by the crypto exchange eToro and the researchers of “The TIE” show a negative trend for Ripple (XRP). The report “The State of Digital Assets, Q1 2020” has found that the Ripple community, known as “the XRP army”, has been shrinking rapidly over the past two years.

Why has the Ripple community shrunk?

The report shows that the number of users in the Ripple community has fallen by more than 50% since October 2018 and by 82% since January 2018. In early 2018, XRP’s community reached its all-time high. In contrast to that the report states that Bitcoin has lost 58% of its active community since the fall from its all-time high.

In the first four months (Q1) of 2020, Ripple has seen a 9.51% drop in the…

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