Ripple (XRP), Stellar (XLM), and Litecoin (LTC) all have big news for us, but the coins are still struggling on the market today. Find out what’s going on.
Ripple is currently selling for $0.574585, putting the coin down 3.80% in the past 24 hours.
A lot has been going on with Ripple lately, yet the news isn’t helping XRP’s growth right now. The coin looks like it may continue dropping for the next few hours, based on CoinMarketCap’s chart data.
XRP is joining the digital payments startup Uphold. Uphold will now support the buying and trading of Ripple. XRP will be able to be exchanged without fees and will be able to be traded with any of Uphold’s existing offerings, which include seven cryptocurrencies, including Bitcoin and Ethereum, along with 23 fiat currencies, and even four precious metals.
Uphold is also planning to allow direct deposits and withdrawals of XRP, which is set to launch in the next few weeks.
In other news, Ripple donated $29 million in XRP to DonorsChoose.org to help fund school supplies for students in the U.S. public school system. There was much hype around this, the news even ending up on The Late Show with Stephen Colbert.
— The Late Show (@colbertlateshow) March 28, 2018
Despite all this, Ripple is currently trending down with much of the rest of the crypto market. Why? Well, Ripple’s donation is great, but unlikely something that will get people buying XRP. As for the Uphold news, which you would think would be encouraging to buyers, this might be something that has more of a long-term effect on Ripple’s price. But I suppose we can only wait and see.
Stellar is currently selling for $0.218469, putting the coin down 2.79% in the past 24 hours.
Stellar may be on the verge of turning things around if the chart data is to be believed.
IBM, a technological giant looking into blockchain, announced that it is largely relying on Stellar’s technology to incorporate blockchain into its business. IBM is using Stellar Lumens to help with its blockchain solutions. In the future, Stellar Lumens may end up being the primary bridge asset for IBM’s universal payment solution.
While this news doesn’t appear to be helping XLM in the short-term, the long-term results of the IBM partnership could have a significant impact on the coin and the company.
Litecoin is currently selling for $133.60, putting the coin down 6.74% in the past 24 hours.
The most recent news with Litecoin is the fall-through of LitePay. Both the Litecoin Foundation and Charlie Lee have apologized for the oversight, but fans seem pretty split about where the blame should lie.
This may, in part, be why Litecoin is struggling today. Although, with so much red out there, I’m sure there are many outside factors as well.
Do you think Ripple and Stellar will start growing on their recent news? Will Litecoin recover from the fumble that was LitePay?
Featured image: Three-shots