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Stellar (XLM) & Tron (TRX) What Happened?

Since Bitcoin (BTC) began to level off in price after its futures contracts launched mid-December, altcoins have become the top trend. Many investors have been on the hunt to discover the next cryptocurrency to make gains above 1000% and compete amongst the top 10 digital tokens.

Last week, Tron (TRX) and Stellar (XLM) made significant strides amongst all the altcoins but have fallen short.

TRON

Source: coinmarketcap.com

The biggest disappointment had come from TRX, as its founder Justin Sun has been promoting the coin heavily on his Twitter (NYSE:TWTR) but the price isn’t reflecting the tweets. Yesterday he tweeted that the South Korean Exchanges being removed from CoinMarketCap has directly affected the price of TRX as it is displayed on the index and the Korean community is an absolutely vital to Tron. Across the board, there were sell-offs across the cryptocurrency community as individuals were unaware of the index’s move, which caused a sharp fall to move digital currencies.

Additionally, On Sunday the founder had been hit with plagiarism accusations that seemed to have dropped investors trust further in the project. Today, Sun announced a partnership with a senior developer from Alibaba (NYSE:BABA) on his twitter, as well as another vague “serious partnership” this time with space innovative company. The founder needs to announce his many undercover partnerships soon, or his new TRX investors might just drop the digital token all together and leave Tron where it was a month ago, selling at $0.005 a coin.

At press time, the coin is trading at $0.112, down -2.28% in 24 hours time but is still up 2140% for the month.

STELLAR

Source: coinmarketcap.com

Stellar made considerable gains in the first week of the new year, as many investors have felt that they’ve missed getting in on Ripple (XRP) before it skyrocketed. Stellar and Ripple were founded by Jed McCaleb, and are popular among banking institutions.

Just recently, IBM (NYSE:IBM) started using Stellar’s network to develop a cross-border payment system with 5 of the largest banks around the world. Stellar’s transactions setlle between 2 to 5 seconds, allowing its users to exchange government-backed currencies much quicker than the current system.

Due to the price dip early in the week, It seems that a majority of investors in Stellar might have come from South Korea. Its price seems to mimic what Ripple does, as both projects aim to do the exact same thing but with different target audiences. McCaleb has now switched his primary focus to Stellar, which on its website is deemed as a non-for-profit. Within the last half of 2017, many banks around the world began studying ways that blockchain technology could ultimately save them time and money, and it’s inevitable that blockchain will make its way into the current banking system in the near future. Both Ripple and Stellar are the leading contenders to change the banking industry but which one will reign supreme?

At press-time, Stellar is selling at $0.56 a coin, up 1.67% in 24 hours.

Featured Image: twitter

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  • Craig Warrington

    IBM not IMB

  • Araven

    I wouldn’t say they aim to do the exact same thing. Ripple aims at banks. Stellar can target making life better for individuals and banks. Ripple is currently a settlement company. They have different target audiences.

  • The Count

    Yeah right. Only an absolute fool would lack the insight to understand that TRONIX will become an international tech and financial powerhouse with offices in China, USA, UK and Canada. The team is brilliant and growing with strong support from the Asian tech community and abroad. Justin Sun and his growing team is building a platform with a usability like Ethereum, but scaled for applications beyond what is possible today. Understand that this is not a ‘coin’ like Bitcoin. This is an asset that is being developed to provide real functions on its own code and network, and will not be reliant on the Etherium protocol for much longer. The road map is 8 years out, meaning that NOW is the time to buy up as much TRX as you can before the real Asian whales eat up all the krill. TRON is a baby, and it has already shaken the earth.

  • Chris Bingham

    Thanks for your article 🙂 I have one honest question for a writer on this website… are you not allowed to write about how large investors are manipulating this stock through use of bots? That the price is stagnant because they put up large buy and sell walls which result in a stagnant price. That the initial surge and drop was a pump and dump scheme and they are currently eating up coins at this low price to prepare for next onslaught?

    Just wondering why writers evade this topic? If your even allowed to write about this?

  • That would be awesome!

  • Afterschool Carl

    Oops….ignore that man behind the curtain!

  • Michael Callender

    Yep, so ride the highs and lows and flip them to make money. THE ICOs are all doing the same thing, PRESALE raises 20 million dollars, they presale tokens at .06 cents, main sale at 12 cents, hits the exchange, goes up to 2 dollars or MORE, ive seen some hit 20 and 50 dollars, and they sell off, get investors the money back and profit, then the ICO token comes back down to the reality price of less than a dollar. So only option is to ride these pump and dump coins, and get tokens at presale to flip. Now with Korea on hold it is messing EVERYTHING UP, everything is dropping, except for some of those NON EXISTINT TOKENS

  • Barnaby Truhouse

    TRON is a SCAM! They are pumping money, with hope of producing something! Ill promise you a box of gold if you all invest! Just dont look inside until I have 100 billion dollars! deal?

    LMFAO. TRX is one of those for the books! The early eamples of modern PONZI SCHEMES!

    INVEST = LOSE.

    Tron is no even close to dominating there market. EOS, IOTA, and a few others will be the APPLE and IBM..

    Tron TRX will be synonymous with the movie tron. Just lights, and imagination! quite the show! GREAT ACTORS! (not)

  • Alex Jarvis

    If you had better grammar I might believe you, except that you are making bold accusations with no proof. Get a clue Holmes.

  • Barnaby Truhouse

    Im whiter than you fuck nut! And grammer dont mean shit! I can spell Fuck face real well…A-L-E-X J-A-R-V-I-S – fuck face. Final answer.

    Did i spell that right?

  • Barnaby Truhouse

    PS. Your right. I have no proof. You should DEFINITELY invest ALL your spare can money!

  • Alex Jarvis

    Lol! Grow up. You are a child with a behavior problem.

  • Barnaby Truhouse

    Your right Holmes

  • Alex Jarvis

    Haha, you can’t even think of your own nicknames, you gotta steal the ones given to you. You’re Holmes…but really not. You just need a clue.

  • TianCheng Shen

    Don’t care, tron is a scam and trx is trash. But i will invest cause it can make me money, sort like xrp. Though the difference is, Ripple is a good company, their team is awesome, don’t agree with their vision but they are a solid team, only xrp is trash.

  • Chris Bingham

    thanks for your reply Michael

  • Deepak Bista

    Really? I might have to think about seriously!

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