Ripple [XRP], Stellar [XLM], NEO, and IOTA Price Break Through.
The cryptocurrency market is making its way back into the green today, as it sat mostly in the red all day Monday. Tron (TRX) is leading the top 20 cryptocurrencies and is currently seeing over 10% price gains. The Tron Foundation will be releasing their test net within the coming days and it’s pushing its price higher.
Here are some coins on the market that have just broken over the green threshold.
The biggest news lately coming from the Ripple community is that the cryptocurrency will now be accepted in 8,000 outlets in South Korea.
— Ethereum World News (@EtherWorldNews) March 27, 2018
This is huge news for the cryptocurrency. Bitthumb, the large cryptocurrency exchange, has partnered with the Korea Pay Service and it will facilitate the availability to use XRP in 8,000 outlets by the end of the year. Currently, XRP is the most traded cryptocurrency in South Korea.
At press time, XRP is trading at $0.604 a coin, up 0.68%, in 24 hours.
The most recent news coming from the Stellar community is big. Last October, it was announced that Stellar and IMB had sealed a partnership. Just recently. Jesse Lund, the executive from IBM leading the blockchain strategy announced:
“Stellar is part of the IBM blockchain platform strategy.”
Stellar seeks to facilitate cross-border transactions, very similarly to Ripple but with a broader target audience. Presently, the Stellar network is live on IBM is used for cheaper and quicker payments globally.
At press time, XLM is trading at $0.225 a coin, up 0.45%.
There hasn’t been any new “foundational” news in regards to the NEO platform lately.
However, there have been new games popping up that are being built on NEO instead of Ethereum.
New Economy Labs (@NewEconoLab) have announced the incubation of a gaming community platform built on the $NEO blockchain, with the first game ‘Mad Gladiator’ on the way. https://t.co/FT3j9jRC4S pic.twitter.com/3DzfBWs7k2
— NEO News (@NEOnewstoday) March 27, 2018
It remains unclear if the game news has pushed the cryptocurrency back into the green. At press time, NEO is trading at $59.82 a coin, up 2.38%, in 24 hours. GAS is currently trading for $19.52 a coin, up 0.94%.
The IOTA team focuses primarily on the Internet of Things (IoT) and recently, it was announced that a German University, RWTH, will begin implementing IOTA for industrial use. Tangle, is IOTA’s platform, and it’s a scalable block-less, fee-less framework that allows for value transfers on-demand.
This is good news for the project, as more adoption will continue to push MIOTA’s price upward.
At press time, MIOTA is trading at $1.22 a coin, up 1.30%, in 24 hours. For the month, MIOTA is down -39% but for the year, the cryptocurrency is up nearly 115%.
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