XRP was the worst-performing crypto asset in the top 25 coins by market cap in the first quarter of 2020

By Selena On Apr 15, 2020

XRP was the worst-performing primary cryptocurrency in 2019 – and 2020 doesn’t look any better than so far. Crypto analysis firm Messari this week published data showing XRP as the worst-performing cryptocurrency asset of the top 25 coins by market capitalization in the first quarter of 2020.

XRP was the worst-performing crypto asset in the top 25 coins

Ripple was also surpassed in volume earlier this week by Chainlink (LINK) – and even nearly lost the no.3 for USDT in the flash crash in mid-March. XRP lost 66% of its value with Bitcoin in 2019, down from $ 0.36 to $ 0.18.

The Messari report quoted the CEO as saying:

“Ripple would not be profitable, or cash flow positive without selling XRP.”

That is indicating the sales were helping finance the company. However, total XRP sales in the final quarter of 2019 decreased significantly to $ 13.08 million, from the $ 66.24 million reported in Q3 2019.

LINK surpassed Ripple in daily volume

Ripple was surpassed in daily volume on April 13 by LINK. As Ryan Selkis, Messari’s founder, noted on his Twitter account, LINK surpassed Ripple and ETH to stay second in overall trading volume that day with a volume of $ 130,535,603. This has far exceeded the $ 77,029,141 level in XRP volume, seeing it lag in fourth place after ETH.

$LINK is an absolute monster.

#2 in Real 10 volume today. pic.twitter.com/SLAZ2C81qq

— Ryan Selkis (@twobitidiot) April 14, 2020

LINK surpasses XRP in daily volume | Source: Twitter

Part of the reason for the poor performance of Ripple, which could be linked to a protracted lawsuit the company is facing in New York, revolves around allegations that it violated the Securities Act through 2013. initial coin offering of Ripple. Garlinghouse is personally accused of touting the token to prospective investors while silently liquidating his holdings.

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