Messari, a research firm has revealed data which shows that Ripple’s XRP is coming up by almost 20% for this financial year. It has been analysed that this inflation rate of XRP is much higher than all the crypto assets with large capitalization and it is five times higher than Bitcoin’s inflation rate.
Messari states Bitcoin is up by 20%
Florent Moulin, researcher of Messari has shared the data on Twitter in which he stated that Bitcoin is up by 20% as compared to the last year. However, in contrast with XRP, it is down by 47%. Along with this, he has also compared the max supply in the circulation and Ripple has released only 30% of the max supply. If this has to be compared with Bitcoin then it has released only 87.5%.
Over the past three years, it has been seen that the firm has increased the sale of XRP over three consecutive quarters. As per the executive of Ripple, even though there is a continuous sale of XRP, it does not have any effect on the market. According to Brad Garlinghouse, CEO of Ripple, his firm is the largest owner of XRP.
Questions regarding the legitimacy of the firm
Along with XRP, Messari has also compared the inflation rate of various major cryptocurrencies. The inflation rate of Tezos is at 13% while Litecoin and Ether is at 5.1% and 4.7% respectively. However, as far as XTZ is concerned, it’s inflation rate has increased by around 180% and on the other hand, Litecoin’s inflation rate has dropped down by 63%. As Messari has been calculating the inflation rates, many popular sites have raised several questions regarding the methods through which the firm calculates the inflation rate. The reason behind all these queries is because the circulating supply of the firm differs by around 50% from the popular sites.
Articles You May Read.