Ripple has announced that the revenue from the sale of XRP coins has more than doubled the last quarter compared to the second quarter of the current year.

In the Q3 2018 XRP Markets Report, the company reveals that it sold $163.33 million in XRP, up from $75.53 million in the second quarter and almost matching its first-quarter sales of $167.7 million.

Notably, while Ripple has previously made some mention of new customers in its markets reports, to the point of saying it saw its “best quarter ever in Q2” in terms of customer growth, its latest report did not discuss adding any new clients.

While XRP price has taken a beating in 2018, the total market value still lies around $40 billion, with a total market supply of roughly 100 billion tokens. The report also mentions that 3 billion XRP tokens were released from escrow during Q3, while 2.6 billion tokens were moved into new escrow accounts. Last year Ripple also quarantined 55 billion XRP in order to provide price stability.

The report added that although XRP’s price declined through most of the third quarter, matching the general cryptocurrency market capitalization, it did rally near the end of September.

Ripple XRP Token Sales in Third Quarter of 2018 Doubled

Read More Via the Link Below


Like it? Share with your friends!

493
912 shares, 493 points

What's Your Reaction?

lol lol
66
lol
scary scary
666
scary
omg omg
600
omg
wtf wtf
466
wtf
win win
333
win
fail fail
266
fail
Love Love
200
Love
hate hate
600
hate
confused confused
133
confused

Leave a Reply

avatar
  Subscribe  
Notify of
Choose A Format
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Image
Photo or GIF
Video
Youtube, Vimeo or Vine Embeds
Gif
GIF format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Countdown
The Classic Internet Countdowns