Ripple being replaced, Litecoin and Stellar razing

Ripple being replaced, Litecoin and Stellar Razing

Ripple had a growth season in 2017 with its XRP cryptocurrency, reaching a peak of US $ 3.75, allowing the company to make agreements with several banks in the European territory to use its Blockchain technology, using the cryptocurrency as a reference of efficiency.

Unfortunately, since that peak has only presented falls, causing investors to abandon the project and, as a result, the agreements lose strength.

At the same time, other companies had their growth periods, even now they maintain it; it should be noted that they are not similar to BTC at the time. We refer to Stellar and LiteCoin, with their respective XLM and LTC cryptocurrencies.

These currencies have begun to gain influence in the European territory, being a reference when wanting to make small transactions, a quality that interests banks in particular.

In terms of values, according to CoinMarketCap, they have the following valuations:

• XRP $ 0.44

• LTC $ 77.59

• XLM $ 0.18

Explanation

According to the report made by GlobalCoinReport, the reason for this is related to a transfer of confidence from the investors, given that the 2 nascent companies managed to obtain some stability while XRP collapses, reflecting that their companies can better handle the times of crisis , which interests the banks.

This trust is directly related to the interest in the technology offered, for which the agreements were mobilized towards these companies.

Reflection

The same report exposes the current agreements held by companies, highlighting the fact that more banks are showing interest in working together.

• TPAY Cryptocurrency

• eFin Decentralized Exchange (DEX)

• TokenSuisse Asset Management

• WEG Bank FinTech Platform

• Multisignature Transaction Engine

Future projections

Various media are giving a pessimistic ultimatum towards the cryptocurrency, claiming that if this trend continues, it could end up dying like other currencies. However, there are slightly more optimistic opinions, stating that there is an opportunity for the currency to stabilize, but if it manages to reach a value of US $ 1 it would be a miracle.