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Is an alliance between Ripple and Stellar (XLM) in the works?

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Ripple Stellar
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Neutral observers in the cryptosphere have been writing over the last few weeks a lot about Ripple and its native token XRP. It’s one of the very few digital assets that have been somewhat stable in price over the last couple of weeks. Following the current market trend, it’s trading in the red by friction (down by 1.27% over the previous 24 hours) as the cryptocurrency stands at $0.492593 at the time we write this.

It also happens that Ripple keeps announcing new strategic partnerships and new use cases that it had previously not cultivated very much. New banks and remittance services all over the world are adopting Ripple’s platforms and currency to settle payments internally, and more and more businesses are adopting it as a means of payment. On top of all that, XRP’s market capitalization has been growing steadily (it’s now at $17,632,270,393), so it has punched Ethereum out of the second place already.

When you put all of that together, it would seem that XRP is ready to be the first digital asset that will break out of the current (and prolonged) bearish run and that it will happen soon. The technical market analysis seems to support this idea, but we won’t go into all the details in this article.

The alleged Ripple Stellar partnership

So, a funny (and unexpected) thing happened, not too long ago. Jed McCaleb’s XRP wallet received 40 million XRP tokens, and nobody knows who sent him or why. The transaction could seem irrelevant, but there’s a reason for the cryptoverse to pay attention to it.

Jed McCaleb is Ripple’s founder, but he left a few years ago to create a new blockchain project called Stellar Lumens (XLM). That’s where he works now, and Stellar is considered to be Ripple’s main and most direct competitor in the crypto space because they are trying to gain adoption in many of the same markets, mainly in the financial sector.

So rumors are spreading. Was Ripple behind that almost 20 million dollar payment to its former boss? Or are Ripple and Stellar Lumens trying to come out with a strategic alliance?

Alliances between rivals are not unheard of in the business world. True, they tend to fail miserably, but when they work, they’re unbeatable. Perhaps the most famous example of such a partnership was the one between Bill Gates and Steve Jobs, who were famous back then for hating each other’s guts passionately.

They both ignored their personal problems, and Bill Gates bailed Apple out of very serious financial problems while making sure that Microsoft would remain the most important software company for Apple computers, as well as Windows. It worked. Apple would have probably disappeared without Microsoft’s help at that critical juncture.

Is this what is happening now for Ripple and Stellar Lumens? Short of an official joint announcement from both institutions, it’s just impossible to know. Stellar Lumens already has a strategic partnership with IBM while Ripple has remained mainly independent.

An alliance would allow both projects to access new markets that have remained closed so far; it would give them political clout, lower costs, share their technology and make things easier for all their partners. So it could be very tantalizing because everybody involved would have something to win. But are they going for it?

All we can say for now is that a few interesting signs are appearing that would seem to suggest it could happen; maybe it’s already in the works. But to find out, you’ll have to keep coming to our website and keep reading our news.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of Pixabay.

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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