XRP’s Rate Is Surprising! Here’s Profit / Loss Status of Bitcoin, Ethereum and Ripple Investors
According to Messari data, XRP owners are in really bad shape. Ryan Watkins, Messari’s cryptocurrency analyst, claims that the owners of XRP, the fourth largest cryptocurrency by market value, are ‘deeply red’. Ryan Watkins estimates that the XRP price is about 86 percent lower on a total cost basis.
Ryan Watkins: XRP owners sitting on tremendous casualties
Ryan Watkins, Messari’s cryptocurrency analyst, claims that the owners of the fourth largest cryptocurrency, XRP , are ‘deeply red’. Ryan Watkins suggests that the XRP price is about 86 percent lower on a total cost basis. XRP, owned by blockchain company Ripple Labs, is now changing hands at $ 0.19.
Ripple fell 94 percent from its all-time high of $ 3.30 on January 4, 2018. According to Ryan Watkins, the XRP price is about 86 percent lower on a total cost basis. As previously reported by cryptocoin, trade legend Peter Brandt claimed that the XRP price will soon fall below a significant level of support against Bitcoin. That’s why Peter Brandt expects Ripple’s price to drop to 1,100 Satoshi.
Here is the situation of Bitcoin and Ethereum investors
Meanwhile, Bitcoin’s profit and loss (P&L) is currently 61 percent, and the implied cost base of the leading cryptocurrency is $ 5,766. According to the data provided by Glassnode, about 80 percent of Bitcoin ‘s total circulation supply is profitable (the same goes for addresses of cryptocurrencies). As for Ethereum, only 51 percent of all addresses are in green after the ICO bubble burst.