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New Report Explains XRP Taking Weekends Off Is Valid

News • 2020/05/07 • by Remitano

A recent study by Flipside Crypto, a blockchain technology company, shows that XRP's trading operation decreases considerably on weekends. The problem is, why is that?

In a paper entitled "4 Items To Learn About XRP Money Flows," the organization analyzes the movement of XRP across the environment and states that the operation for XRP drops dramatically over the weekend. It concludes that this is likely to be due to a lack of customer or retail value in the asset:

Flipside Crypto offers market insight to blockchain businesses through "chain-walking" a network to collect data on stakeholder conduct. This data allows the blockchain project to analyze itself, which is important for the implementation of a growth strategy.

In a conversation with Cointelegraph, Dave Balter, CEO of Flipside Crypto, compared XRP with up-and-coming competing brands:

"There are a variety of amazing blockchains on the mainnet, such as Closer, Flow (Dapper), Celo and Solana. They 're going from the customer's mindset, and the actual environment requires examples. For eg, Flow has already entered into agreements with the NBA, and Warner Music and Celo's approaches are designed to support the economically underprivileged. Expect major things out of these four in 2020 and beyond”.

Source: Cointelegraph

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