Keeping with the idea of providing transparency to the Ripple ecosystem globally, Ripple strives to share regular updates on the state of the market, quarterly sales, important notices, and reports on previous quarter market development. As the first quarter of 2018 comes to an end, Ripple’s team shared their report covering the shape of the digital coin in the market.
Indeed, this is essential as XRP society can keep up with how their preferred digital investment is doing. So, I decided to cover Ripple’s first quarter report 2018 for our GlobalCoinReport readers – here is the breakdown of what XRP achieved during the Q1 2018 as per the incredible team behind the coin.
In the first quarter 2018, market investors managed to purchase $16.6 million worth of Ripples directly from XRP II, LLC., Ripple’s registered and licensed money service business.
The XRP II, LLC is registered and licensed by the New York State Department of Financial Services to engage in the Virtual Currency Business activity. Going by the sales achieved by Ripple in the first quarter, it is determined that the coin did very well in the digital market along with other currencies as analysts in 2017 predicted it.
In fact, the majority of cryptocurrencies’ performance in 2017 gave indications that 2018 would indeed be a year when digital assets will grow by heap and bounds going through waves of heightened trade volumes and of course, mass adoption.
The first quarter of 2018 has seen many cryptocurrencies weather a period of intense volatility with an all-time market cap high of $814 billion being recorded in January. The growth of cryptocurrency over the past year has been extraordinary, for instance, early January 2017 yielded a total cryptocurrency market capitalization of only $17 billion.
Ripple (XRP) in Comparison to the Digital Assets Market in Q1 2018
— Ripple (@Ripple) April 25, 2018
According to the official report, Ripple’s overall market capitalization reflected that of the total digital asset market, although at times it seemed like XRP exaggerated its numbers in comparison to the whole market.
During the transition of the last quarter of 2017 and the first week of January 2018, the cryptocurrencies continued with their pace of growth that saw a steady $603 billion of all digital assets’ total market cap grow to over $800 billion in market capitalization. A rise of over 200 billion USD in only one week, with XRP being a significant contributor of this enormous increase in the total market cap.
However, Ripple recorded a 73% drop as its price shifted from $1.91 in January 2018 and finished the quarter at $0.51. The market cap also dropped dramatically to $263 billion of all digital assets’ total market capitalization at the end of 2018’s first quarter. That means that the whole cryptocurrency market including XRP lost up to 56 percent of the total cap only in a single quarter.
However, contrary to the market loses, XRP had something to smile about as it had its highest trading volume in history with a total of $160 billion of notional-traded coins that got traded in just one quarter.
The Start of Q2 2018: Ripple (XRP) and the Market
Currently, XRP is at $0.84397 while it just recovered from a dip of about 2% along with other digital currencies like Dash, NEO, BTC, and Litecoin just today.
Also, XRP is up today by +5.75% jumping against the USD and trading in the green. Consequently, holders and traders have their hopes up and believe XRP will hit the $1 mark soon.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
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