25 Jan Stellar (XLM), NEO (NEO), & Cardano (ADA) On The Rise
Stellar (XLM), NEO (NEO), and Cardano (ADA) are all on the rise this morning.
Stellar has been on a run since yesterday. The coin is up almost 35%, in just 48 hours. The online payment company Stripe just announced that it may add support for Stellar. Just yesterday, the company announced that it would drop Bitcoin, due it’s slower transaction times and higher fees. Bitcoin transactions are expected to stop on its platform on April 23rd of this year. Stripe currently handles payments for more than 100,000 businesses. In contrast to Bitcoin transactions which take over ten minutes to an hour, stellar’s transactions settle in two to five seconds.
IBM (NYSE:IBM) is currently using Stellar’s network to develop cross-border payments with large banks. It’s value purely stems from its utility and it seems that large businesses are beginning to find it useful.
At press time, XLM is trading at $0.54 a coin, up 9.51% in 24 hours. Year-to-date, Stellar is up over 60%.
NEO has been down from its all-time high of just under $200, reached back on January 15th. Most of the cryptocurrency market suffered around this time due to major buyer sell-off. However, It seems the coin is rebounding back and currently sits at the 8th largest cryptocurrency by market cap.
One positive thing that is affecting NEO’s price is Red Pulse. Red Pulse is the most prominent NEO-based ICO and its coin will start trading on CoinRail tomorrow.
Currently, NEO is selling at $135 a coin, up 7.29% in 24 hours. Year-to-date, the coin is up 77%.
Cardano isn’t a coin that is heavy in mainstream news but has continued to climb over the last three months. Cardano was founded by Charles Hoskinson, co-founder of Ethereum. The project seeks to provide a more “balanced and sustainable” ecosystem for cryptocurrencies. The developers behind this open-sourced blockchain make sure that it undergoes a rigorous peer-review by scientists and programmers in academia.
Cardano was launched back in early October of 2017 and since has grown, to date, almost 3000%. At press time, ADA is selling for $0.61 a coin, up 6.8%, in 24 hours. The coin has slowly and silently climbed its way to the 5th largest cryptocurrency, in mere months. Impressive.
Featured Image: Interclip