20% Increase in XRP and Stellar Price

While the increase in Bitcoin and Ethereum stopped; XRP and Stellar continue to rise.

Summary of the News

  • XRP and Stellar (XLM) prices increased by 20% in one day.
  • Bitcoin and Ethereum reported losses today.

Stellar (XLM) increased 20% overnight, reaching a price of $ 0.63 per token.

Trust in XRP Increases

XLM finally passed $ 0.60 on February 13th. For the previous three years, the XLM price had generally remained below $ 0.50. In January 2018 alone, the coin reached its all-time high of $ 0.93 for a short time.

Stellar co-founder and CTO Jed McCaleb is definitely twice as happy this morning. XRP, the coin of another project in which the American crypto entrepreneur is CTO, also experienced a 20% increase. At the moment, the crypto currency is at the level of 1.41 Dollars.

Trust in Ripple is growing after successive small victories in ongoing court against the US Securities and Exchange Commission. In December last year, the SEC sued Ripple for $ 1.3 billion, claiming that XRP was sold as an unregistered security. Ripple denies all these allegations.

On Tuesday this week, Ripple won an exploratory decision to reveal documents related to the SEC’s policy line regarding Bitcoin and Ethereum. On Friday, another court ruled that Ripple CEOs Brad Garlinghouse and Chris Larsen need not share their financial records publicly. This decision was the second victory news for XRP users in the same week.

What About Litecoin, Bitcoin and Ethereum?

Litecoin is another token that has seen a significant increase among the top 10 cryptocurrencies by market capitalization today. The cryptocurrency has increased 9.3% compared to yesterday and is currently trading at $ 256.

Bitcoin and Ethereum, on the other hand, are experiencing a decline. Bitcoin, the largest cryptocurrency by market cap, fell 1.87% overnight to $ 59,747.

Similarly, Ethereum, which has been stagnant, has hardly moved since yesterday. The second largest cryptocurrency by market cap fell 0.92% to $ 2,150.

Yet Ethereum has been trading above $ 2,000 for the past seven days. This is considered to be an important step in ETH history for the first time.

Check Also

Crypto market lost $300 billion in two days

The global crypto market lost $200 billion on Tuesday morning, bringing its weekly loss to …

Leave a Reply

Your email address will not be published. Required fields are marked *