• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Ripple (XRP) Q2 2019 sales expected to drop compared to Q1
Ripple

Ripple (XRP) Q2 2019 sales expected to drop compared to Q1

June 5, 2019 by Naveed Iqbal

Finally, we can hear from the horse’s mouth. Several sources have been raising their ‘genuine’ concerns regarding the overall inaccuracy as well as exaggerated numbers being reported by the digital assets, including Ripple (XRP), especially in the recent reports.

Alongside SEC, some third party sources like Data Accountability and Transparency Alliance as well as Blockchain Transparency Institute have been on the front foot asking questions right and center.

Crypto firms like Ripple must boast transparency

One thing is for sure that digital assets have to show the market that they are doing well to gain some upper hand in the competitive world. Apparently, the only way to do that is by reporting with some exaggerated data, primarily when things are not pointing to the direction that the market expects.

Coin Metrics, for instance, had persistently asked Ripple for some explanation regarding the issues with its recent numbers. And now, Ripple has come out clearly raising the bar by giving an insight on the volume and sales of its native token XRP.

Proactive transparency is all that Ripple wants

On the report, Ripple claims to believe in proactive Transparency. Importantly it claims not to be having an exact solution and hence buys the idea that as an industry, they have to do even better.

The steps being taken are as clear as daylight; Ripple affirms to be working with some trusted partners to understand the extent of the problem and how it might have happened.

Also, it’s evaluating the approach to XRP volume reporting that includes a review of new options and requirements for the sourcing of the market data.

Another step that Ripple is now taking is an even more conservative approach this quarter to XRP sales.

According to the report, it means that in the short-term, the sales of XRP in Q2 2019 are expected to be lower compared to the last quarter with the stated target of 20bps dropping to below 10bps.

It’s all about raising the bar for the industry, and if the other cryptos follow the way Ripple has promised to take, only then the mass adoption for cryptocurrency and blockchain technology will be achieved.

Nevertheless, it is a massive step that Ripple has taken to improve the level of trust among the consumers as well as institutions. This way, sooner or later, the air will be cleared, and the entire crypto market will thrive.

Disclaimer: Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Filed Under: Altcoin News Tagged With: Ripple (XRP)

Primary Sidebar

Recent Posts

  • OKX Founder Unveils The Future Of OKBChain: A Promising Layer 2 Ethereum Sidechain  March 21, 2023
  • Floki Takes A Big Leap: Listed On Crypto.com  March 21, 2023
  • Rising As A Crypto Haven: Hong Kong Attracts 80+ Firms Set To Establish Presence In March 21, 2023
  • Ethereum Primed For $2K As Price Reaches 7-Month High: Report March 21, 2023
  • Solana’s Unique Smart Contracts Rise Despite Network Woes March 21, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.