With a slight spurt of growth in the market, indications of green are observed in coinmarketcap. In respect to Bitcoin’s effect on other cryptocurrencies, the damage caused to them are slowly being reversed. Bitcoin has gained at least $100 since yesterday’s prices. As many analysts suggest, Bitcoin price affects all the other coins favorably and adversely.
Despite the price drop in the market, the on-the-ground use of Blockchain technology in industries has only been rising. Ripple and Stellar are known for expanding and extending their technology to many businesses and financial institutions. Stellar has connected with IBM, Keybase, KlickEx, LeFinance, FlutterWave and ICICI Bank to name a few. Ripple’s technology is welcomed in the Japan Bank Consortium, MoneyTap mobile app, BBVA Compass, Zip Remit, South Korean Banks, and many more.
In today’s segment of Sentiment Analysis, we are mainly investigating how the market is having a toll on investors ‘feelings’. This is an assemblage of the opinions of investors, miners, market analysts, journalists, and influencers.
Ripple’s year started off with a bang with its price at more than $3.50 and a market capital of over $147 billion. With the market decline over the past three months, Ripple is priced at $0.684066 as seen at press time, losing up to $3 in value. The current market capital is $27 billion.
Mevin Spencer, a Logistics Manager at an online shopping firm says:
“The rumors about XRP are so worse and growing so widespread, no coin can grow with breaking people trust so much. But Brad is doing a fine job. He has been constantly answering to all the queries of people and expending the technology in every sphere. Its good to see such initiatives. I can only expect good things from Ripple.”
Micheal Kor, an Associate Executive Manager at an IT firm says:
“I have been hearing these “reasons” for the new bearish “trend”. There is a new one almost every week. First with the Bitcoin futures to Chinese New Year, Korean Regulations, SEC, Binance hack, Mt. Goz, and what not! Seems like this list is going to continue for a very long time. Ripple almost came out of this trend. But, unfortunately, that was probably just a blessed day for Ripple.”
To conclude, the opinions of the group is almost positive as a slight mounting of prices is seen in the market. They had always seen potential in Ripple and it has been promisingly extending itself to trade range. Many believe that markets will be back to what it used to be during December last year.
Stellar Lumens [XLM]:
Stellar Lumens, whose price almost reach $1 at the beginning of the year is currently priced at $0.229629, almost losing more than 70% of its value. It holds a market capital of $4 billion. XLM has been constantly been in the highs and lows avoiding major resistance over the past month.
Monish Mehra, an employee from Amazon says:
“If Stellar can partner with such big firms, I can see much growth in it. XLM has been constantly avoiding bearish zones, trying to get out of this whole resistance area nonsense. I can see so many coins struggle to get out of those. Only XLM has been doing its job right!”
Asim Sen, a freelance coder says:
“No matter the FUDs, Stellar will fly to the moon! It is for sure.”
Manny Ottow, a Stellar believer says:
“Why is XRP even getting any attention for these partnerships? Ripple is not even using XRP. Stellar is SUPERIOR! Lumen is anyday a better coin.”
As clearly seen, the opinions towards Stellar is positive. They believe Stellar technology will take XLM to great heights. Once the market fiasco ends, Stellar is expected to see the bull run again.
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Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
Crypto News – 24 June – Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
— AMBCrypto (@CryptoAmb) June 24, 2019
Crypto News – 24 June
Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it
Read more at https://bit.ly/2WVviJW
Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets
Read more at https://bit.ly/2Xve2zp
Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano
Read more at https://bit.ly/31TXekX
Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation
Read more at https://bit.ly/2Fsoptu
Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders
Read more at https://bit.ly/31Om4CQ
LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement
Read more at https://bit.ly/2JgRWYz
Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero
Read more at https://bit.ly/2Y8IsEQ
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