After a rough week last week, and a Sunday full of red, many coins are back in the green today, including Stellar (XLM), Monero (XMR), and IOTA (MIOTA).
As the eighth largest cryptocurrency with a market cap of $6.7 billion, Stellar has lost some headway in the last few weeks. However, despite this, the crypto still hasn’t declined to the levels it was at in December of last year when the market cap was almost half that and the coin was in the $0.20 range.
Currently, Stellar is selling for $0.364963, which puts the coin up 5.26% in the past 24 hours.
Stellar has taken several larger jumps in the past 24 hours, although most of the coin’s movements have been minuscule. It looks to be trending downwards at the moment but at the moment it is still unclear whether Stellar will fall below its price point from a day ago.
For the past week, Stellar has been declining, but those committed to Stellar shouldn’t panic just yet. Stellar is backed by a great team, filled with experts on the distribution and security of blockchain. The Stellar Consensus Protocol is largely focused on making XLM compatible with use in the real world and provides Stellar with stability and security. Stellar is about development and many believe that this coin will continue to develop.
Monero has had its share of scandal. Due to Monero’s heightened sense of anonymity, XMR is often used as payment on the dark web. Monero miners have also been linked many times to computers being hacked for the purpose of mining the cryptocurrency.
Regardless of the general opinion of Monero (everything has its backers and its haters), XMR is currently up 6.24% in the past 24 hours. The coin is selling for $293.54 at the time of writing.
The reason behind Monero’s growth may be linked to the fact that it is genuinely anonymous, while many other cryptos on the market actually aren’t.
The backers of Monero predict that XMR is set to grow to $650 by the end of 2018 and to $2,000 in the next five years. What do you think about this? Do you agree with these predictions?
IOTA is currently selling for $1.85, putting the coin up 2.60% in the past 24 hours.
Last week, IOTA lost ranking, being pushed down to the 12th largest cryptocurrency by market cap and was outranked by Monero for a time.
Now, IOTA has regained its ranking as the 10th largest cryptocurrency, with a market cap of $5.2 billion.
IOTA is predicted to rise to $11 by the end of 2018 and to $38 after five years. Do you agree?
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