XRP, XLM, ETN, DGB –The hope and confidence many had in Bitcoin due to the explosive growth it witnessed toward the end of the last year and early this year is seemingly getting shattered progressively.
As an addition, the recent bearish market also worsened people’s reliance and observers have begun to speculate that despite the fact that the year end is dubbed a bullish period, Bitcoin, the market king, is unlikely to restore people’s hope.
Thus, the rumors have unpinned the search for other cryptographic projects that could reinstate people’s wealth as the market returns recovers.
Amongst all the coins in the space, some seems to be standing out with a more prospective future due to the outstanding features they possess.
Governments, Banks and Other Financial Institutions Are Queuing behind Ripple (XRP)
No doubt Ripple (XRP) is a household name in the world of Cryptocurrency. Banks and other financial institutions including governments are exciting queuing behind the blockchain technology to help them enhance their cross border transaction services.
Even though, Ripple is the company and XRP is the assets making them different entities, Ripple is backing the altcoin and its glory is assisting the XRP especially in terms of adoption.
Also, due to the recent release of xRapid which makes use of XRP to foster international transitions, more and more financial institutions are rallying round the blockchain technology and the altcoin keeps stepping up its adoption.
With xRapid, banks and others are handed a robust means of remitting fund seamlessly and instantaneously with meager cost, and they do not need to prefund accounts.
Ripple’s XRP Intraday Price Analysis
No doubt, XRP at present has placed it lovers in euphoria. While some coins are painted red in the market today, the altcoin outshines its contemporaries with a green flag.
After a sudden dip at mid Tokyo trading session today when it was valued $0.4330, XRP has been up in the market buoying an upside trend.
On the rising wedge resistant level, XRP/USD trade pair as at Press Time is valued $0.4707 with 4.20% value addition in the last 24 hours according to Coinranking.
Additionally, since last week Monday, more than 13 cryptocurrency exchanges have declare allegiance for XRP. At the moment XRP has been paired 44 fiat currencies.
Why then will XRP not be an excellent coin for investment.
Stellar Lumens (XLM): Beyond Cross Border Remittance
Also specialized in cross border remittance service. Aside this, altcoin lived up to its billings by proffering solution to some of the world’s glitches.
The assets tokenization offered by Stellar Lumen has so far place the altcoin far ahead of its competitors, providing companies with an excellent mean of raising fund, thus helping XLM value gain momentum in the sphere.
The Smart contract presented by Stellar Lumen (XLM) for those who want to embark on ICO is yet another excellent feature as Ethereum continues to display vulnerability.
Federated Byzantine Agreement algorithm (FBA) protocol used by Stellar makes its transactions faster and secure with no reliance on miner’s network for approval.
Much praises has been given to its partnership with IBM which has handed the altcoin embracement in Australia.
Stellar Lumen (XLM) Price Today
Stellar Lumen (XLM) is among the greener in the market today. Priced $0.2449 as at Press Time with 8.71% value addition. Trade pair XLM/USD has been on the upside trend since the end of the European trading session yesterday, and it has been maintaining the tempo against resistant level.
Although witnessed a slight dip at mid North American trading session yesterday, the trade pair, as at the beginning of the Asian trading session today returned on its upside trend according to Coinranking.
Undoubtedly, it is proofing to be an excellent choice in the market. Its features and latest achievements are creating inroads for the altcoin in the sphere.
Electroneum (ETN) Readies To Be The New Generation PayPal
Electroneum (ETN) is one of the remaining ambitious cryptocurrency in the digital space. The cryptocurrency has been profiled has a possible replacement for PayPal, still the Electroneum wants this to happen now.
The crypto is creating room for adoption and has since the beginning of the decision been sealing different deals that confirm its readiness to coast the cryptocurrency world.
Last week, Electroneum began a new drive towards adding vendors to its ecosystem through the newly invented Electroneum plugin for WooCommerce.
Doing this gives WooCommerce online shop owners the opportunity to have access to a customer base worth a multi-million dollar value.
Electroneum CEO and Founder Richard Ells said: “There are 2.5m Electroneum accounts with a total of $150m worth of ETN waiting to be spent.” “What retailer wouldn’t want to be able to tap into that?”
As we write now, Electroneum has been sealing deals with store owners and the number is expected to double before year end.
Electroneum (ETN) Price Analysis
Electroneum (ETN) is gaining big in the market today. After plunging to $0.01099 price against dollar at the end of the European trading session yesterday, ETN/USD trade pair has been moving northward, aiming for the zenith.
While on the upside trend, the value of the altcoin had risen to $0.0124 at mid Asian trading session today.
As at press time, that price of the altcoin against dollars is $0.01237 with 6.89% value addition in the last 24 hours according to Conranking.
DigiByte (DGB): A Spot On Coinbase Is Necessary
DigiByte (DGB) lovers are of the opinion that the cryptocurrency has a spot on Coinbase. This is no sentiment, the cryptocurrency stands out in terms of speed, and cost of transactions among other notable qualities of a good digital currencies.
The cryptocurrency is known as one of the safest cryptocurrency on the planet earth, it has secured technologies like DigiShield to back this claim.
Aside that, DigiByte is one of the oldest cryptocurrency performing excellently for years. It has 5 years of existence has nothing less than 200,000 nodes throughout the timeframe.
DigiByte recently announced that its network will become ASIC-resistant while also increasing its decentralization.
DigiByte (DGB) in a recent announcement:
“We are proud to announce we are testing the next generation of #blockhcain mining technology. Imagine a mining algorithm that recreates itself every 10 days? No #ASIC could ever be created for. True #Decentralized #ProofOfWork #CyberSecurity.”
Owing to its preparation to be one of the most sought after cryptocurrency, DigiByte has the potential to compete a spot on Coinbase peacefully, even ahead of other notable top 10 cryptocurrency.
Digibyte (DGB) Intraday Price Analysis
Trade pair DGB/USD which began the last 24 hours with $0.01608 has been upped to $0.01705 as at Press Time after gaining 6.10% since the last 24 hours according Coinranking.
Disclaimer: This article is not an investment advice and should not be taken as, and not intended to provide investment update of any kind.
Today’s Gazette and/or its affiliates, contributors, writers, and those associated with this platform are investors in cryptos. However, on many occasions, they do not have investment in coin they cover.
So, always seek advice from intelligent investors or investment firms before investing in any currency to avoid future regret.