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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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Stellar (XLM) & Tron (TRX) Shine – Coin Prices Rebound Amid Big Movements – Crypto Currency News

Stellar (XLM & Tron (TRX) – Most of the cryptocurrency market is in the green this morning, as we kick off our Tuesday. Ethereum (ETH) is still trading well below $550, but Bitcoin (BTC) seems to be making a surge towards the $7,000 range. Tron (TRX) remains the top coin with percentage gains today on the market, out of the top 100 cryptocurrencies.

Let’s take a look at the latest developments of two top 10 coins; Stellar and Tron.

Stellar (XLM)

ItBit made the announcement last week that it would be adding Ethereum (ETH), Bitcoin Cash (BCH) and Stellar (XLM) to its regulated cryptocurrency exchange platform. This is big news for the cryptocurrency, as ItBit is the first licensed cryptocurrency exchange to receive approval from the New York State Department and because of this, all cryptocurrencies can be offered in all 50 states.

Stellar was chosen over its “big brother” Ripple (XRP), which remains as the third largest cryptocurrency. XLM was chosen over EOS, IOTA and ADA all within the top 10 cryptocurrencies by market cap.

There are rumors circulating that the Stellar Development Foundation (SDF) is planning on launching its own decentralized trading platform (SDEX). These rumors have yet to be credibly confirmed, but the exchange is “expected” to launch sometime next month – we’ll see.

At press time, XLM is trading at $0.237 a coin, up 4.69%, in 24 hours.

>> Tron Google Chrome Plugin Wallet

Tron (TRX)

TRX is currently seeing massive price gains on today’s market, just before its token migration is set to kick off this Thursday.

Most cryptocurrency exchanges that trade TRX will be handling the token migration, but it would be wise to move your ERC20 TRX tokens over before Thursday – as most exchanges operate overseas. If you don’t move your tokens over to an exchange in time – not to worry. The Tron Foundation will handle the token swap for you. All you need to do is email withdraw@tron.network with your balance of ERC20 TRX tokens by December 31th, 2018.

All ERC20 withdrawal service for the Tron Official website will end on Just 22nd.

At press time, TRX is trading at $0.491 a coin, up 19.96%, in 24 hours.

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Stellar [XLM] Progress – Big Things Stirring While Flying Under the Radar

Stellar [XLM] has been flying under the radar lately and has left many of its investors wondering what the team behind the project has been up to. Well, the project just released its May “Stellar Roundup.”

While there weren’t any new major partnerships that were announced, Stellar did give a list of their upcoming appearances around the globe. The team will be represented all around the world at various conferences, including the Blockchain for Finance Conference in Singapore on June 20-21 and the World Finance Forum in Beijing on June 30th.

The 7th Stellar Build Challenge was announced a few weeks ago and is still going on.

>> Stellar vs. Ripple 

New Projects on Stellar

The Stellar team announced new projects that were launched on the Stellar platform. The list includes REM Loyalty, Swych, TillBilly, FlipNpik, Cross Hedge, SVPER, SID’s, LocalXPose and Pedity.

The projects that stood out from the pack were TillBilly and SID’s.

TillBilly is digital payment network based on the Stellar network. It allows its customers to make contactless payments and they receive automatic digital receipts (tax invoices).  Its customers are also able to collect loyalty rewards points, minus the price volatility of similar platforms.

SID’s currently has patent-pending technology that allows a user with a smartphone to exchange internet phone data for Stellar-based SID tokens. Thos without big data plans can earn SID tokens by watching advertisements and can trade them in for crowd-sourced internet.

XLM Price Summary

At press time, XLM is trading at $0.243 a coin, down -7.13%, in 24 hours. XLM dropped along with the rest of the market when panic selling spread this weekend after the Coinrail hack surfaced.

Featured Image: Feedzai

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