Ripple and Stellar Lead the Way as Crypto Market Shakes Off Rout
From Coindesk
Cryptocurrencies have witnessed a "V" shaped recovery in the last 24 hours, with Ripple (XRP) and Stellar (XLM) leading the way among top 10 currencies.Read more: https://www.coindesk.com/ripple-and-stellar-lead-the-way-as-crypto-market-shakes-off-rout/As of writing, XRP is trading at $1.57. The world's third-largest cryptocurrency by market capitalization has appreciated by 56 percent in the last 24 hours, according to data from CoinMarketCap. More impressive has been XRP's 77 percent recovery from the 3.5 week low of $0.897797 hit yesterday.
However, the cryptocurrency is still down 17 percent on a weekly basis, while year-to-date, XRP has depreciated by 31 percent.
Meanwhile, Stellar's XLM token has appreciated by 53 percent in the last 24 hour. XLM was last seen changing hands at $0.535388. As of writing, prices are up 80 percent from yesterday's 2.5 week low of $0.305034.
While I wish it was some different coins that I own that were leading the charge its good to see that we've reached a bottom (for now) and appear to be headed back to our growth cycle. Keep calm and Hodl!
Leave your thoughts in the comments below.
Follow @contentjunkie to stay up to date on more great posts like this one.
extraordinary fast Yes until I also still not up and have not been my money back loss from the mid-December up now for 3 million or as well as $ 260 USD
I’m a bit worried the bounce wasn’t as strong as most expected. Anyway I’m holding and prepared for another wave of selling in the worst case.
You got a 5.91% upvote from @postpromoter courtesy of @contentjunkie! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
This post has received gratitude of 3.29 % from @appreciator thanks to: @contentjunkie.
Very informative post, Thanks to your update.