Connect with us

XRP

XRP, BAT and Dash among the most popular cryptocurrencies for Uphold users

Avatar

Published

on

XRP, BAT and Dash among the most popular cryptocurrencies for Uphold users
Source: Unsplash

Uphold’s users find solace in XRP, BAT, and DASH in the brutal bear market of 2018 as per their new research. The report further suggests that interests and investments in BAT and Dash increased drastically between January 2018 and January 2019.

Uphold is a cloud-based financial service platform that enables anyone anywhere to move, convert, hold and transact in any form of money or commodity instantly, securely and for free and it is the first ever financial service company to publicly share its reserve holdings in real time.

As per their release, Uphold mentioned that despite the fact that 2018 was a brutal year for anyone in the cryptocurrency market, their user base crossed 1 million members in total registrations. Moreover, it also mentioned that the number of their funded wallets and transaction customers had both doubled.

The statistics released by Uphold compares the growth in the number of cryptocurrency holdings among the Uphold users. These stats are for a period extending from 4 January 2018 to 4 January 2019.

The blog by Uphold stated,

“Holdings of all currencies increased materially over the period but DASH and BAT were the 2018 standouts (up 281% and 183% respectively). Uphold also saw good growth in holdings of ETH (up 70%), BTG (up 54%), BTC (up 41%) and LTC (up 24%).”

It further goes on to state that the biggest losers were Bitcoin [BTC] and Litecoin [LTC]. It mentioned that Bitcoin collapsed from 60% to 41%, Ether from 21% to 11% and Litecoin from 11% to 4%.

Uphold attributes this fall in interest in BTC, ETH, and LTC to the simultaneous rise in interest in XRP since its launch on Uphold in March 2018. It stated that XRP grew from zero to 39% from March 2018 to 4 January, 2019.

Another one of the reasons that contributed to such an interests in the above-mentioned cryptocurrencies, according to Uphold was the rapid development of products happening in their individual ecosystems.



XRP’s interest among users for example, was piqued by Brad Garlinghouse’s statements about xRapid going live by 2018. Since xRapid is used to settle cross-border payments by leveraging XRP as bridge currency, users flocked to it.

The same applied to BAT, which had Brave browser that would incentivize users/content creators in terms of BAT tokens. Dash’s popularity was attributed by Uphold to,

“DASH represents itself as digital money which can be used to make instant, private payments online or in-store using its secure, open-source platform hosted by thousands of users around the world.”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Analysis

XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to push market forward

Yash Rajan

Published

on

XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to move forward
Source: Pixabay

XRP, the third largest cryptocurrency, was priced at $0.383 agfter falling 1.87% over the 24 hours, according to CoinMarketCap. XRP held a market cap of $16.121 billion and registered $1.29 billion in 24-hour trading volume for XRP.

At press time, Stellar Lumens [XLM] was priced at $0.125, after falling 1.56% over the past 24 hours. It stood ninth on the top 10 list with a market cap of $19.302 billion and $844.41 million in 24-hour trading volume.

1-Day XRP

XRP saw an uptrend from $0.331 to $0.461 and a downtrend from $0.461 to $0.388. Resistances were at $0.458 and $0.420. Support lines were located at $0.371 and $0.285.

Source: TradingView

Source: TradingView

Parabolic SAR presented a bearish trend as the markers were above the candles.

Moving Average Convergence/Divergence [MACD] indicator was undergoing a bearish crossover.

Relative Strength Index showed a relatively overbought status for the coin.

1-Day XLM

On the one-day XLM chart, the resistance line stood at $0.143 and the support lines stood at $0.115 and $0.091. It saw an uptrend from $0.133 to $0.141. XLM also saw a downtrend from $0.142 to $0.125.

Source: TradingView

Source: TradingView

Bollinger Bands displayed an increase in volatility in the market as the bands were diverging.

Awesome Oscillator presented a bullish buying opportunity.

Chaikin Money Flow indicator was above the zero-line, indicating that money was flowing into the market.



Conclusion

XRP saw a fusion of bullish and bearish trends while XLM sides with the bulls after being stalled by bears for the past one month.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending