After a significant dip in Bitcoin price last week and over the weekend, several cryptocurrencies are on the rise. Notably XRP, the coin for Ripple, saw a 50% rise in value one day, then a fall by around 6% the next. Ripple saw a 70+ percent recovery from the lowest price in several weeks at $0.897 (according to CoinMarketCap.) Meanwhile Stellar XLM grew 53-percent from January 17th to the 18th, then down 8% from yesterday to today.
Back on January 11th, Stellar validators voted to lower the base reserve to 0.5 XLM on the network. This made “the cost of creating accounts and order inexpensive again.” That’s good news for everybody – especially those in the cryptocoin market with interest only in the results of news, not necessarily the news itself.
It was back on January 2nd that the Mobius Network announced they’d be the first major ICO “built and announced on” Stellar. Stellar is building their network as an Ethereum-killer, instead of trying to kick the king off of the hill. Sneaking up from behind – that’s the way to win this volatile battlescape.
Ripple, for those that do not know, uses the tagline “Money could move like email.” They profess to be a “free, open-source network that lets anyone build low-cost financial products for their community.” They’re aiming to be the international money transfer highway of the future.
On a personal note, I believe Stellar has the right idea when it comes to branding their Stellar.org website and main brand. The use of what’s essentially a rocket emoji for their Lumens (XLM) coin brand looks… less than professional. Then again, Ripple uses a fidget spinner for their coin, so who cares?!
As for Bitcoin: The only way is up if the USCInvestment group has anything to say about it. Have a peek at the chart above and consider what this means about the future of the most famous coin as well as all the little cryptocurrencies that swim in its wake. Also keep your eye on the bones of this system: Blockchain. Therein lies the future’s future.
Business as usual pretty much,
Buy their fears,
Buy their tears! pic.twitter.com/VYIIaOldfb
— USC Investment Group (@USCInvestment) January 19, 2018
As it is with all articles about cryptocurrency, this article is not meant to be read as financial advice. The reader takes all responsibility for their own actions before, during, and after reading this article. Don’t go out there and do something crazy, OK?