Stellar (XLM) rose 20% overnight to 63 cents per coin.
The last time XLM exceeded 60 cents was very briefly on February 13, but in the previous three years its price stayed below 50 cents. The last time XLM traded above 50 cents was roughly back when it hit its all-time high of 93 cents in January 2018.
Outstanding Co-Founder and CTO Jed McCaleb is undoubtedly doubly happy this morning. XRP, the coin of the Americans’ other project Crypto Founded an entrepreneur and was the CTO of, payment companies has also increased by 20%. At the time of writing is valued at $ 1.42. M.cCaleb has XRP holdings in the billions and can sell them on a regular basis under an agreement with Ripple.
Confidence in Ripple is growing again after minor victories in the courtroom against the U.S. Securities and Exchange Commission. Back in December last year, the SEC beat Ripple with a $ 1.3 billion lawsuit alleging the company had sold XRP as an unregistered security. Ripple denies the allegations.
On Tuesday of that week, Ripple won one Detection request to have documents related to SEC policy and disclosed. XRP fans were no doubt still excited about the news when Friday came when Ripple won another battleThis time around, the court ruled the company did not need to file its CEOs’ financial records with the SEC.
Litecoin, Bitcoin, Ethereum …
is the other big producer in the top 10 cryptocurrencies today by market capitalization. It’s trading at $ 256, up 9.3% from yesterday.
Bitcoin and ether are both down. Bitcoin, the largest coin by market capitalization, is back below $ 60,000 for the umpteenth time this year, falling 1.87% overnight to $ 59,747.
Similarly stagnating, Ethereum has barely moved since yesterday. The second largest coin by market capitalization is down 0.92% to $ 2,150.
Even so, Ethereum has now easily dispelled the doubts of crypto fans who thought Ethereum would struggle to maintain its $ 2,000 price tag. It has been trading at around $ 2,000 for the past seven days.
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