Ripple sales make waves in Q2

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Last Update: September 21, 2022

2 mins read

According to Ripple's own quarterly overview report published on August 3, the sales of XRP token were 18.6 times higher quarter-over-quarter. Sales reached $32.55 million between April and June, up from $1.75 million in Q1, 2020.

Based on Ripple's own accounts, the increase in sales was owing to putting additional priority on over-the-counter (OTC) sales during the period. The decision has reportedly led to higher XRP liquidity for stake-holders.

In terms of growth, RippleNet reported an 11-fold increase year-on-year. Ripple's price also rallied by 40% within the last 24-36 hours. Some experts predict that a single Ripple token might hit $0.30 if bitcoin remains stable, a prospect no blockchain enthusiast can rely on too readily.

While Ripple's successes are undeniable, the company has had some legal troubles to sort out. Investors who have felt betrayed about the prospects of the XRP token may now be willing to prosecute Ripple. Yet, according to CEO Brad Garlinghouse, nobody can really prove what constitutes an overstatement when it comes to the value of a crypto token.

Meanwhile, Ripple has been gaining ground in the blockchain gaming segment. CGN has put a list together of the best casinos that accept XRP. Bitcasino, one of our favoured crypto casinos, recently ran a promo to launch the acceptance of XRP on-site.

Bitcasino.io, one of the best known and most established names in the industry has recently started accepting Ripple as a viable payment option. While Ripple has some rough edges to iron out, you will be excited to find out that the token is gaining popularity with online gamers and with greater sales, we could expect this to continue.

Looking for your next crypto casino? Check out SOFTSWISS, Mega Dice or FortuneJack!

Written by Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.
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