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Stellar (XLM), Cardano (ADA), and TRON (TRX) Ride the Wave

The cryptocurrency market is seeing a lot of green today, as Bitcoin (BTC) continues to climb in price on its 10-day bull run. Bitcoin reached a price of over $8,200 today, the first time this has happened since mid-May. The rest of the altcoins in the 15 have followed suit and are all seeing percentage gains today. Let’s take a closer look at Stellar (XLM), Cardano (ADA), and TRON (TRX).

Stellar (XLM)

Last week, IBM announced that it would be supporting a new stable coin dubbed the ‘Stronghold USD.’ This new Tether competitor was launched on the Stellar network and has finally given investors insight as to what the working relationship between IBM and Stellar was all about.

IBM first initiated its partnership with Stellar Labs back in late 2017. Since the stable coin announcement, XLM has been on an upward trend. Currently, it sits as the sixth largest cryptocurrency by market cap.

At press time, Stellar (XLM) is trading at $0.300 a coin, up 5.47% in 24 hours. For the week, XLM is up 20.48% and for the month, the cryptocurrency is up 51.51%.

Cardano (ADA)

Charles Hoskinson, Cardano’s co-founder, is on the road again but has provided Cardano enthusiasts with a short update on Cardano’s latest developments.

Hoskinson addresses Prometheus, the backend toolbox that will power multiple wallets. ‘Project Prometheus’ is setting up its own team on this project and will ensure the properties of the platform are carried over for development of mobile wallets, light wallets, and embedded devices.

Hoskinson also informed investors about the Plutus project and says that the team has been growing rapidly. The Plutus team has active efforts being made to use complex computer languages to make Cardano bigger and better. The goal of Plutus is interoperability. In the video, Hoskinson also addresses sidechains and smart contract development on Cardano.

At press time, Cardano (ADA) is trading at $0.173 a coin, up 3.61% in 24 hours.

TRON (TRX)

News broke of Justin Sun acquiring BitTorrent around June 12th, but the project hadn’t officially confirmed it until today. As per Justin Sun’s tweet, BitTorrent holds over 100 million active members, and they are all now a part of the TRON ecosystem.

TRON (TRX) has been struggling on the market lately, but this news boosted its price a bit. TRON remains the 11th largest cryptocurrency by market cap. At press time, TRX is trading at $0.0377 a coin, up 8.91% in 24 hours.

>> TRON Confirms Acquisition of BitTorrent: Welcome to the Fam!

Featured Image: unsplash/© Jeremy Bishop

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Cardano (ADA) Added to eToro – Cardano Updates Galore – Crypto Currency News

Cardano (ADA) – eToro, the world’s leading social trading broker that now offers cryptocurrency trading,  is now offering Cardano (ADA) on its platform.

eToro is not yet available in the United States. The social trading platform currently offers the following digital currencies:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)
  • Litecoin (LTC)
  • Ethereum Classic (ETC)
  • Stellar (XLM)
  • DASH
  • NEO
  • EOS

Almost a month ago, eToro announced at Consensus 2018 that it would be launching its own cryptocurrency exchange and mobile wallet. eToro offers a similar social network component to its platform like Twitter and Facebook, which aids investors in trading.

Cardano being added to its platform before its US launch is a great sign. It remains unclear why it took so long for the platform to add Cardano, but now, mostly all of the top 10 digital currencies are on its platform.

>> 5 Long Crypto Holds

Cardano Updates

Cardano just released its weekly technical report and it highlighted all of the things the Cardano team is currently working on. The team working on Daedalus 0.10.1 version with the Cardano 1.2.1 hotfix release. The IELE test net has begun focusing on its Cloud Infrastructure design and content design. Also, they are continuing to build the backend to the wallet and investigating on high IO traffic in the wallet.

The latest big news that broke about the Cardano project lately was its roadmap brand refresh.

Currently, Cardano is the eighth largest cryptocurrency by market cap. At press time, ADA is trading at $0.166 a coin, up 1.86%, in 24 hours.

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