The altcoin market has suffered the most after the bears took control in February 2018. Altcoins had showed around 20000% rise in 2016 and 2017 with Ripple (XRP), Ardor (ARDR) and Stellar Lumens (XLM) leading the bull run with meteoric rise. Nevertheless, Q1, 2, 3 saw a bear market that wronged all predictions made in December 2017. Q4 however, brings the hope of a revived market with Ripple(XRP), Stellar Lumens (XLM) and Bitcoin Cash (BCH) leading the pack with double digit gains. XRP, XLM, BCH all are showing double digit gains in the last quarter this year! Click To Tweet
Since September 2018 XRP’s value rose from low of 0.35 $ to 0.57 $, breaking two upper resistance lines and apparently bringing an end to the bear market. The price of Ripple’s XRP in October found support at 0.45-0.46 $ and has seen 16% rise in the last 24 hours.
Stellar Lumens (XLM) also rose by 17% in last 3 days, currently trading at 0.265 $. Bitcoin Cash (BCH) also nearing 15% rise early in the week.
Ripple is seeing a strong consolidation ahead with the introduction of xRapid which confirms that it will use the XRP token to make the transfer of funds. SendFriend recently announced that it will be using xRapid. It is a cross-border remittance service that aims at lowering remittance costs of convenience. It is also associated with MIT and Harvard Business School.
Ripple’s xRapid is a new protocol which runs along side xCurrent hosted by Ripple, moreover the institutional investors were apprehensive because xCurrent protocol didn’t use Ripple’s XRP token. The announcement of xRapid has attracted a flurry of institutional investors. Introduction of xRapid has seen a strong bull run with XRP and a lot of institutional investors are flocking together! Click To Tweet
Stellar Lumens’ two biggest announcements this year have been strategic partnership with Chain (Interstellar) and IBM to implement Stellar’s public ledger and platform on a large scale and the opening of it’s Decentralized exchange. The exchange records will be written on the public blockchain Stellar Lumens (XLM) and it comes ahead of other decentralized or centralized exchanges because of its scalability. The vision of the Stellar foundation with the exchange is also trading security tokens where the security can be anything from an equity to bonds.
Stellar is bridging the gap in the financial payment models in partnership with IBM. IBM currently facilitates 97% of the global banking transactions. The consortium also involves names of service beneficiaries like Walmart and Maersk.IBM is currently facilitating 97% of the global transactions! Click To Tweet
The real world applications of these two centralized cryptocurrencies are exploring the true potential of blockchain. Ripple for the 3rd third time in two months took over the 2nd spot on total market capitalization and Stellar has also risen from its 6th rank two times. Stellar Lumens(XLM) is looking at a $1 valuation soon with its Stablecoin implementation as well and Ripple’s XRP has had many predictions all expecting exponential rise.