News like this is pretty rare, especially when markets are moving in a very negative direction. Nevertheless, despite the significant negative trend, the crypto currencies Ripple XRP, Stellar Lumens (XLM) and Cardano (ADA) suddenly turned upside down yesterday.
It's still unclear what could have been the trigger for that. I assume, however, that the next few days will provide information.
However, there are already speculations that vaguely assume that this is an impending uptrend. Except that this time the trend is not Bitcoin but Ripple XRP, Stellar Lumens and Cardano.
New upswing through altcoins?
At press time, a ripple XRP was worth $ 0.45. Within a short time, XRP had risen by 0.03 US cents. The market capitalization of Ripple XRP was approximately $ 18 billion. As a result, Ripple XRP continues to rank third on the list of the largest cryptocurrencies by market capitalization.
Stellar Lumens (XLM) crypto currency peaked at $ 0.27 per coin at the time of writing. The market capitalization of Stellar Lumens at that time was about $ 5.2 billion, so Stellar ranked sixth on the list of the largest cryptocurrencies by market cap.
In this context, it should also be remembered that Stellar was already in the fast lane. A few days ago I had already reported that Stellar Litecoin had displaced from the sixth list of the largest cryptocurrencies. There were even congratulations from Litecoin founder Charlie Lee.
Stellar has also developed well in recent times. Last month, the company purchased Blockchain start-up Chain for $ 500 million (payable in its in-house cryptocurrency XLM). In addition, Stellar Lumens is currently on a candidate list of the crypto-exchange Coinbase. It's about checking if, and if so, which cryptocurrencies Coinbase can make a note of in the future.
Cardano was the third strong coin yesterday
Cardano (ADA) was worth $ 0.14 at the time of writing. In the general decline of the course over the past seven days, this meant a visible upside. While the increase is not as significant as that of Ripple XRP and Stellar Lumens, it does indicate that something important had happened somewhere.
At the time of writing, Cardano's market capitalization was approximately $ 3.75 billion. Cardano (ADA) was ranked eighth on the list of largest cryptocurrencies by market cap, ahead of IOTA (ninth) and Litecoin (ninth).
The development of the three coins is in striking contrast to the trend of the rest of the market. It would be exciting to see how the whole thing is evolving.
Sources: Twitter, Toshi Times, Cryptocurrency Courses, Pixabay
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ripple-xrp-stellar-lumens-xlm-and-cardano-ada-trotzen-dem-baerentrend/
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