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Despite the value of XRP being restricted to $0.19, ODL platforms remained highly active in 2020

Commodity trader Peter Brandt refused to give XRP a break. He just called the token a complete scam that loses buyers to Chainlink (LINK).

Is LINK the new XRP?

Make no mistake – Brandt is not at all a LINK sign. When tagged on Twitter with bullish charts showing a range of higher and higher lows, Brandt dismissed it as something of no big deal. Brandt mentioned that Chainlink is only bought by people who have been disillusioned by XRP.

The previous hike increased by over 1090% in the second quarter of 2019. While these gains are light compared to the massive price hike of XRP in 2017, LINK buyers proved that one could still make it big in crypto long after the speculative bubble popped.

Brandt was not particularly kind to XRP, which seemed to make him discord with its community. He recently tweeted that the token should be distributed free of charge after recommending his followers to buy it when the price drops to virtual zero.

Due to a series of outrageous replies in his Twitter topics, the charters scolded the XRP Army for their lack of civilization.

However, it seems Brandt is not ready to continue with immature crypto enthusiasts any longer. On April 27, he tweeted that he would stop tweeting about Bitcoin due to disrespectful cryptocurrency scammers.

Ripple liquidity across ODL platforms may close at a lower index for the first time in 2020

While the value of XRP is capped at $ 0.19, ODL platforms are still going strong in 2020. However, the liquidity reporting indices are soaring at the end of every month in 2020, which has witnessed low liquidity in April.

despite-the-value-of-xrp-being-restricted-to-0-19-odl-platforms-remained-highly-active-in-2020

Source: Liquidity Index Bot

XRP/MXN has been the oldest active index among the three indices. It has been in operation since 2019 and started in 2020 with a liquidity of 9,053 million. The index rose to 14,902 million liquidity at the end of January. At the same time, the XRP price received support from the market when XRP was valued at $ 0.2387 at the end of the month.

February saw a rally in the market bring the third-largest coin to its highest level in 2020 at $ 0.3491, while March pulled the price of cryptocurrencies to $ 0, 1. Despite the volatility in the spot market, liquidity on ODL platforms remained active and closed higher, in late February and March. The XRP/MXN index marks ATH on April 16, 2020, at the liquidity of 33,537 million. In the following days, liquidity decreased, and when the month ended, it would be the first month that liquidity closed at a low level.

despite-the-value-of-xrp-being-restricted-to-0-19-odl-platforms-remained-highly-active-in-2020[1]

Source: Liquidity Index Bot

XRP/PHP gained momentum in 2020 when it marked an ATH on April 10 at 11,508 million. The increase in liquidity in the corridor has decreased immediately. The liquidity reported on the April 1 index of 7,146 million, which was reduced to 4,793 million on April 26.

despite-the-value-of-xrp-being-restricted-to-0-19-odl-platforms-remained-highly-active-in-2020[2]

Source: Liquidity Index Bot

XRP/AUD is the newly activated index, witnessing the market’s negative liquidity start of the year is -189.898. However, widespread use on the index boosted liquidity on the platform when it ended in January with 3,094 million liquidity. When the market liquidity hit a million, it continued to mark the next all-time high. There was a consistent increase in liquidity on the platform in April when it started the month with 7,380 million and scored ATH on April 17 at 14,427 million.

However, like other indices, the liquidity has shrunk to 8.540 million on 26 April.

despite-the-value-of-xrp-being-restricted-to-0-19-odl-platforms-remained-highly-active-in-2020[3]

Source: Utility Scan

Meanwhile, USD/MXN is the most liquid and active network, as it has reported a substantial volume between the two countries daily. According to data provider, Utility Scan, the USD-MXN corridor recorded USD 3,146 million. While the AUD-USD corridor has surpassed USD-PHP for second place when its daily volume is 1,570 million dollars. USD-PHP does not reflect a lot of activity on the ODL platform because the daily volume is recorded as $ 304,221.

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