Amidst the fast downwards moving crypto market, Stellar (XLM) has captured the 4th spot as per market cap from Bitcoin Cash (BCH). While the streets are running red, XRP started the day by defying the markets with green only to turn red later on.
Stellar & XRP Moving Up in the Down Market
The crypto market is in deep red and prices are falling like crazy. With the total market cap dropping down close to $150 billion, there is chaos everywhere. However, even in this market, Stellar and XRP are making a headway.
Stellar (XLM) is an open platform that connects banks, payments systems, and people in order to move money quickly, reliably, and at almost no cost.
At the time of writing, the $4 million market cap cryptocurrency has been trading at $0.2123 while incurring losses by 10 percent in the USD market. However, it is in the green by more than 7 percent in the BTC market.
Though in the red, Stellar took the 4th spot from Bitcoin Cash (BCH). A few days back only, Stellar went up to the 5th position having beaten EOS by market cap.
In the past 8 days, as the crypto red market tumbled, Stellar also saw red as shown in the chart below.
Another altcoin creating a strong presence in the market is XRP which is all set to decouple from the Bitcoin as it even registered greens briefly. XRP is up by over 8 percent in the BTC market. However, in the USD market, now it has yet again dropped in red by over 7 percent at $0.4444 (at the time of writing) as shown in the below given XRP price chart.
XRP is seeing positive sentiments on social media as well as evident from the Tweet by Mati Greenspan, senior analyst at eToro about a rise in XRP holdings by eToro clients,
— Mati Greenspan (@MatiGreenspan) November 19, 2018
And this poll regarding XRP going to become a new crypto standard, Tweeted by Weiss Crypto ratings,
— Weiss Ratings (@WeissRatings) November 19, 2018
What do you think of Stellar and XRP’s price movements?