https://ripple.com/insights/q1-2017-xrp-markets-report/Market Commentary: A Quiet Start to a Raucous Ending
Though Q1 2017 began much in the same way as Q4 2016, quietly, it ended with a dramatic spike in market activity.
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XRP markets failed to show much life until March 23rd, what was easily the most significant day of the quarter.
On March 23, XRP rallied from $0.0072 to $0.0112, a 56% price increase on an impressive $19.7M in volume, a 1103% increase over the average daily volume up to that point in Q1. Clearly something had changed, but why such a powerful shift in sentiment? Though always difficult to discern in real time, in hindsight, a few key developments may have had an impact.
As the month drew to a close, the Bitcoin scaling debate raged on with no end in sight.
Throughout the quarter, Ripple, became more vocal about its commitment to XRP and the Ripple Consensus Ledger (RCL) as part of its long-term strategy.
Ripple announced a new relationship with BitGo to build an enterprise wallet, as well as Payment Channels and Escrow, important RCL features that increase transaction throughput to levels comparable with those of Visa’s network.
Ripple continued to sign up banks to commercially deploy its enterprise blockchain solution and join its global payments network. Announcements included the addition of MUFG, the world’s third largest bank, 47 banks in Japan and network expansion into the Middle East and India through NBAD and Axis Bank.
And finally Mrpumperitis joined
Of course. XRP is another centralized coin like ETHF.
If someone pumps a billion they will have a billion coin.
Of course, there will be a lot of suckers dreaming of becoming millionaires and buying that coin but at the end, if they don't dump on time, they'll just be bagholders when dust settles.
ive never heard of ETHF, is that a new coin?
ok , im gonna pump
1 Billion$$ into XRP.....
hopefully the suckers do become millionaires
We also look forward to having a
large presence at Consensus in New York in May.
In addition, you may want to watch out for specific announcements in
Q2 regarding potential ways to use RCL’s new Escrow feature, as well as our plan to implement a systematic markets operation program designed to add liquidity to the market especially during volatile periods.