XRP and Stellar (XLM) are registering 24-hours gains while replacing Ethereum and EOS from their positions. Both the coins are holding strong in the red market. Meanwhile, IOTA (MIOTA) and BAT are also in the green at 4 and 10 percent respectively.
Weiss Rating takes a jab at Bitcoin & other mineable coins
As pointed out by the Weiss Crypto Ratings, the fact that both the cryptocurrencies are holding their own in this market shows their strength.
Although #BTC is tanking to the lowest lows of the last 12 months, the likes of #XRP or #Stellar aren’t going down as much and are still holding support. These coins don’t rely on mining at all – this is proving their worth.
— Weiss Ratings (@WeissRatings) November 15, 2018
Other prominent altcoins that are also making it good are IOTA (MIOTA) which is currently up by over 4 percent. With a market cap of $1.17 billion, it is trading at $0.4222.
Another altcoin is Basic Attention Token (BAT) which is up by more than 10 percent in the last 24-hours at $0.222. However, during the loss period, BAT was among the cryptos with the highest losses as it dropped to $0.1873.
At 2nd Position XRP & 5th Position XLM Making Greens
Amidst the red market where Bitcoin slipped to $5,390 and is currently down 0.57 percent at $5,614, the majority of the cryptocurrencies lost their value as Ethereum went below $180 as well. This has the total market cap taking a hit of about $34 billion.
However, despite the red market, XRP and Stellar were able to consolidate trading, they did go into the red zone but with relatively at a lower percentage. XRP is currently sitting at the 2nd position having replaced Ethereum even in the red market. On the other hand, Stellar has replaced EOS on 5th position.
At the time of writing, XRP is registering greens of close to 4 percent at $0.477 while having a market cap of $19.2 billion. It went down to the $0.43 level.
Stellar (XLM) is seeing the greens of 5.38 percent at $0.2434 with a market cap of $4.6 billion. The lowest in the past few days came to $0.2159.
Do you think this crypto crash will give rise to some new unseen coins? Let us know in the comments below.
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A computer science engineer, I have been adamantly following the blockchain and cryptocurrency industry for the past 2 years. A crypto enthusiast and hardcore blockchain follower. Reach out to him at [email protected]