Bitcoin is of course the boss, but what other coins are good to know? Let's take a look at other 2 nice coins:
Litecoin (LTC)
Litecoin (LTC) has also been riding the same rocky road as the other coins recently. After spiking at $178.16 on May 5, the coin suffered a major knock-back and descended to $136.47 on May 12. Since then however, Litecoin gained flight and rose to $144.41 on May 13. While LTC is still fluctuating, it currently stands at $138.47.
One of the major factors tipped to drive momentum to Litecoin’s value is Blocknet’s announcement that LTC will soon function as a cross-blockchain decentralized app. This is because LTC is now compatible with the Blocknet protocol. Blocknet stated in their blog that ‘Litecoin can be used in cross-blockchain dapps such as a payment processor that will allow payments accepted in Litecoin to be paid for in any other currency or vice-versa.’
Another potential driving factor for Litecoin is that Abra, a leading cryptocurrency wallet, recently publicized plans to list Litecoin. Abra’s CEO, Bill Barhydt, has stated ‘the mobile app will now support withdrawal and deposit of Litecoin (LTC) and support USD wire transfers in its news update.’
Stellar (XLM)
Whilst most of the digital coins have taken a critical blow this weekend, Stellar Lumens (XLM), which offers blockchain solution for transfers, is one of the only altcoins gaining traction right now. Stellar peaked on April 29 to trade at $0.45, before plunging into May to reach a low of $0.31 on May 11. However, the coin picked up the pace and was on the path to recovery, arriving safely back in the green zone by May 13. Stellar is now on an upward trajectory and is currently trading at $0.35.
Over the past few weeks, Stellar has experienced a wave of interest from investors and crypto-enthusiasts alike due to a few influential factors. Most notably, the OKEx exchange in Hong Kong recently listed Stellar under trading pairs in December 2017. After this $1.4 million was exchanged between Stellar and other major cryptocurrencies. Stellar also partnered with tech giant IBM to develop a platform to enable cross-border transfers with around 7 unique currencies from the South Pacific, including Australian and New Zealand dollar. The Malaysian-based Pundi X is a Point-of-Sale (POS) solution platform is still in the early phases but seems to be an influential reason for the positive buzz surrounding Stellar right now.
Another influential development for Stellar is that Kin (KIN) foundation announced a decision to fork from the Stellar blockchain due to scalability issues and develop two parallel blockchain solutions involving Ethereum and Stellar. Gadi Srebnik, the developer of the innovative new project known as Kik Messenger said “the addition of Stellar as a second blockchain will allow us to operate the Kin Ecosystem on a faster, more efficient foundation, with low transaction fees…to achieve the speed and scalability that digital services in the ecosystem will require."
Litecoin (LTC)
Litecoin (LTC) has also been riding the same rocky road as the other coins recently. After spiking at $178.16 on May 5, the coin suffered a major knock-back and descended to $136.47 on May 12. Since then however, Litecoin gained flight and rose to $144.41 on May 13. While LTC is still fluctuating, it currently stands at $138.47.
One of the major factors tipped to drive momentum to Litecoin’s value is Blocknet’s announcement that LTC will soon function as a cross-blockchain decentralized app. This is because LTC is now compatible with the Blocknet protocol. Blocknet stated in their blog that ‘Litecoin can be used in cross-blockchain dapps such as a payment processor that will allow payments accepted in Litecoin to be paid for in any other currency or vice-versa.’
Another potential driving factor for Litecoin is that Abra, a leading cryptocurrency wallet, recently publicized plans to list Litecoin. Abra’s CEO, Bill Barhydt, has stated ‘the mobile app will now support withdrawal and deposit of Litecoin (LTC) and support USD wire transfers in its news update.’
Stellar (XLM)
Whilst most of the digital coins have taken a critical blow this weekend, Stellar Lumens (XLM), which offers blockchain solution for transfers, is one of the only altcoins gaining traction right now. Stellar peaked on April 29 to trade at $0.45, before plunging into May to reach a low of $0.31 on May 11. However, the coin picked up the pace and was on the path to recovery, arriving safely back in the green zone by May 13. Stellar is now on an upward trajectory and is currently trading at $0.35.
Over the past few weeks, Stellar has experienced a wave of interest from investors and crypto-enthusiasts alike due to a few influential factors. Most notably, the OKEx exchange in Hong Kong recently listed Stellar under trading pairs in December 2017. After this $1.4 million was exchanged between Stellar and other major cryptocurrencies. Stellar also partnered with tech giant IBM to develop a platform to enable cross-border transfers with around 7 unique currencies from the South Pacific, including Australian and New Zealand dollar. The Malaysian-based Pundi X is a Point-of-Sale (POS) solution platform is still in the early phases but seems to be an influential reason for the positive buzz surrounding Stellar right now.
Another influential development for Stellar is that Kin (KIN) foundation announced a decision to fork from the Stellar blockchain due to scalability issues and develop two parallel blockchain solutions involving Ethereum and Stellar. Gadi Srebnik, the developer of the innovative new project known as Kik Messenger said “the addition of Stellar as a second blockchain will allow us to operate the Kin Ecosystem on a faster, more efficient foundation, with low transaction fees…to achieve the speed and scalability that digital services in the ecosystem will require."