The once vocal Twitter community supporting the XRP (XRP) cryptoasset – commonly called the ‘XRP Army’ – seems to be continuing to slowly shrink, according to a just-out report from The TIE/eToro. The TIE are a crypto-analytics outfit who analyse just such ‘alternative data’ outside of more common trading data analysis.
According to their observations, Twitter mentions of XRP have declined by 16% during the first quarter of 2020. This seems to be consistent with a broader trend of waning interest in XRP, with The TIE reporting a 50% drop in mentions since October 2018, and 82% drop since January 2018. This is compared to Bitcoin (BTC) whose mentions have fallen 58% since January 2018, when both digital assets saw all-time-high valuations.
Although price fell about 9% during Q1 along with the apparent drop in interest, XRP’s USD valuation has essentially recovered at time of writing to where it was at the start of 2020.
However, we can see the decline in Twitter mentions has generally tracked with the crypto’s market price, which is down about 95% since its historical high (a condition certainly not unique to XRP).
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