Ripple [XRP] sold around $535.56 Mln priced XRP earlier in 2018, according to its ‘Q4 report‘ for 2018. The report additionally added that the sales of XRP tokens in Q4 of last year amounted to around $129.03 Mln worth, which is somewhat around to 0.24% of the global XRP volume. The Q4 average ‘XRP‘ daily volume was reportedly at $585.7 Mln and is the highest since Q1 of the year.
During Q4, around three billion XRP was reportedly released from of cryptographic written agreement whereas 2.4 Bln were returned. In line with the statement, the remaining 600 Mln XRP was not returned as per the agreement and was being employed “in several of way to assist support the XRP scheme, as well as the RippleNet Accelerator Program and Xpring investments like Securitize.”
The report conjointly added that XRP’s volatility of daily returns was 5% within the period of Q4, that is its lowest price since the quarter of 2016. In Q4 of 2018 the correlation of XRP price movements “returned to the elevated levels seen through the end of Q1 in 2018 through early Q3 in 2018.”
Earlier to the release of the quarterly results, crypto analytics firm Messari revealed a ‘report‘, alleging that XRP’s market capitalisation might be overvalued by as $6 Bln. The report states that XRP’s liquid circulating supply might be overestimated by around 48%, placing the “actual” market cap at $6.9 Bln rather than the $13 Bln presently reported on ‘CoinMarketCap‘.
Messari noted that that it’s not possible to make actual estimates without any disclosure from Ripple, that it had not received by the time of publication.
Earlier this week, the Institute for Fintech analysis and research at Beijing’s Tsinghua University launched a blockchain research scholarship with the support of Ripple [XRP]. The program reportedly intends to bring together the most efficient graduate students in China in 2019 to study world-wide blockchain rules and business development.