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Ethereum (ETH), Litecoin (LTC), and Monero (XMR) Rise from the Ashes

The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning.

Recently, the market hit its year-low, and many of the coins reached their yearly lows as well.

Let’s take a closer look at these three coins and their latest developments.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by its total market cap, hit its year-low this week, sinking below $180. ETH hadn’t been under the $180 price point since late June of 2017.

Developers are steadily working on solutions to improve the scalability of the Ethereum ecosystem, but no solution has yet to be proven extremely effective. However, these things take time. Rome wasn’t built in a day, after all.

At press time, Ethereum is trading at $204.12 a coin, up 18.22% in 24 hours. It remains unclear what specifically boosted the price of ETH.

Litecoin (LTC)

Litecoin, the seventh-largest cryptocurrency by its total market cap, also hit its year-low price this week. However, LTC has received a boost this morning and is currently seeing percentage gains above 10%.

Next Monday, Bittrex will be launching the LTC/USD trading pair. The US-based cryptocurrency exchange announced this yesterday, and this very well may be the cause of Litecoin’s price lift. Bittrex also announced the USD and TRON (TRX) pairing group, and TRX is currently seeing a price lift above 14%.

At press time, LTC is trading at $54.49 a coin, up 10.45% in 24 hours.

>> Morgan Stanley Bitcoin Derivatives are Ready to Go

Monero (XMR)

Monero, the ninth-largest cryptocurrency by its total market cap, is also seeing a boost this morning. However, it remains unclear why the price of XMR has boosted.

It may just be that investors are riding the green wave and diversifying their portfolios.

At press time, XMR is trading at $113.69 a share, up 12.30% in 24 hours.

Where do you think Ethreum, Litecoin, and Monero will go from here?

Featured Image: Depositphotos/© Syda_Productions

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Stellar (XLM) & Monero (XMR) Update

Stellar (XLM) & Monero (XMR) – The cryptocurrency market has yet to fully recover after the drop it took this past weekend.

News broke on Friday that Japan will be tightening its cryptocurrency regulations and panic selling occurred dropping the entire market to a 2018 year-low of just over $235 billion. Currently, Bitcoin (BTC) is trading just above $6,000, and Ethereum (ETH) is hovering around the $425 mark.

Let’s a take a look at two popular altcoins and their latest updates.

>> Japan Crypto Taxation

Stellar (XLM)

Stellar has flown under the news radar lately, as it has yet to make any major announcements in 2018 – unlike many of the other altcoins.

However, the Stellar Foundation is still steadily at work building up the Stellar Network. There have been rumors that KIN is looking at using Stellar’s technology for their platform, but nothing has been officially announced yet.

The latest developments from the Stellar Foundation is that the project is working on acquiring Chain. Chain is a San Francisco-based startup company that’s focus is on building smart economies using cryptographic ledgers to improve financial services and products. When finalized, the deal is expected to cost the Stellar Foundation at least 2.2 billion XLM.

Chain then has the option of “HODLing” the coins of liquidating them – which would cause a sharp fall in the price of XLM. With Stellar’s on-going partnership with IBM, it is highly unlikely that the startup will dump the XLM anytime soon.

At press time, XLM is trading at $0.184 a coin, down -4.32%, in 24 hours.

Monero (XMR)

Monero and the other ‘privacy’ coins have been in trouble lately, as governments across the globe are tightening their belt on anonymous cryptocurrencies.

Robert Novy, Assistant Director of the U.S. Secret Service, told the press recently:

“WE SHOULD … CONSIDER ADDITIONAL LEGISLATIVE OR REGULATORY ACTIONS TO ADDRESS POTENTIAL CHALLENGES RELATED TO ANONYMITY-ENHANCED CRYPTOCURRENCIES.”

This isn’t the only issue the project has faced as of late though, as Monero has faced crypto-jacking and compromised mining malware.

Monero-enthusiasts were thrilled when the Monero wallet was launched a few months ago, but it has had its share of complications too. The complaints were not of its security or privacy but on its lack of speed and its user experience design.

It remains unknown what the future holds for Monero and these other privacy coins as governments continue their regulation crackdowns.

At press time, XMR is trading at $126.58 a coin, down -1.71%, in 24 hours. Monero remains the 12th largest cryptocurrency by its market cap.

Featured Image: Unsplash

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