$105,216.00
4.52%$2,411.82
8.05%$2.16
7.37%$639.07
3.67%$144.06
9.15%$0.999886
0.01%$0.274179
3.84%$0.163868
8.50%$2,413.15
8.20%$0.580624
7.42%$105,122.00
4.57%$37.10
4.76%$2,907.06
7.99%$2.82
14.57%$460.66
2.16%$12.94
11.64%$9.14
1.19%$18.20
10.10%$0.246139
7.75%$0.999823
0.00%$2.91
7.15%$47.94
-0.12%$0.00001163
9.69%$0.15299
13.86%$85.25
6.18%$2,410.43
8.01%$1.001
0.05%$2,580.65
7.96%$308.87
2.88%$1.001
0.04%$3.42
9.21%$4.18
3.22%$105,188.00
4.53%$0.00000993
12.18%$6.83
8.46%$0.53543
5.86%$257.03
12.68%$1.18
0.06%$352.75
15.56%$52.25
-1.59%$1.00
0.00%$4.33
10.79%$1.056
0.02%$0.085197
5.88%$4.94
8.15%$2.14
12.75%$174.64
9.28%$16.48
8.66%$0.758003
13.23%$1.001
0.11%$27.30
0.39%$0.609779
4.80%$16.46
3.47%$0.074514
16.33%$4.44
-0.04%$0.02160039
11.90%$9.27
6.41%$4.06
9.20%$0.693116
18.48%$0.083868
14.89%$105,194.00
4.33%$3.19
15.14%$0.2723
13.70%$0.181315
5.51%$0.180702
12.75%$0.923625
11.57%$2.26
9.30%$0.302133
11.65%$0.999343
0.42%$4.37
4.82%$1.00
0.02%$2,409.78
7.87%$0.25929
30.23%$98.62
10.84%$0.99929
-0.07%$11.07
3.01%$152.53
9.06%$0.203803
6.89%$0.406456
18.02%$1.19
8.54%$0.01722883
7.21%$2,743.19
7.86%$1.21
18.85%$2,524.77
8.06%$0.00001412
15.60%$1.60
14.93%$1.67
20.92%$11.04
12.99%$1.022
9.49%$0.320653
18.71%$1.001
0.06%$0.999654
-0.04%$0.642308
15.17%$0.549425
12.61%$0.058872
5.36%$0.999325
-0.04%$3.13
5.37%$2,580.26
8.40%$105,271.00
4.62%$2,529.90
8.06%$1.11
0.00%$3,373.27
-0.74%$639.03
3.63%$104,853.00
4.32%$0.837803
21.59%$3,357.82
-0.58%$105,938.00
3.67%$0.082442
12.55%$2,534.84
8.11%$0.517033
9.39%$0.581763
8.75%$0.421091
16.53%$160.96
9.24%$2.11
5.94%$0.844451
10.28%$111.54
0.02%$187.73
9.31%$0.00007348
15.12%$2.19
9.07%$2,608.33
8.16%$0.675853
13.24%$41.68
9.46%$0.998843
0.05%$0.01015958
0.98%$0.712862
8.66%$0.01012129
19.40%$1.086
0.20%$0.01402491
12.13%$0.25794
11.35%$0.163011
11.53%$0.01292957
17.70%$18.87
10.98%$30.91
6.37%$0.23386
9.30%$0.997626
-0.02%$0.00000061
8.17%$1.98
6.65%$104,929.00
4.42%$3.59
10.53%$0.428839
12.55%$0.535036
9.03%$105,006.00
4.65%$0.096087
12.91%$2.06
12.01%$37.15
4.97%$2,407.18
7.78%$0.332297
9.89%$0.524862
6.64%$0.491151
13.04%$2,409.00
7.90%$105,123.00
4.39%$1.00
0.04%$2,575.39
8.14%$2,521.71
7.48%$0.262369
11.15%$1.00
0.16%$0.618365
10.80%$0.01423409
11.21%$1.37
10.71%$2,410.90
7.96%$0.423173
4.42%$7.87
1.40%$47.70
6.37%$0.0612
0.49%$0.167591
41.91%$0.999899
0.01%$2.36
8.08%$37.21
5.14%$0.04391445
23.19%$0.99983
-0.00%$1.36
17.47%$0.163573
8.30%$0.421095
12.93%$1.091
0.04%$0.998133
0.23%$0.0000004
2.70%$5.58
11.47%$1.001
0.05%$1.005
0.48%$0.00423316
24.33%$0.00665953
19.36%$0.115317
12.70%$13.58
12.95%$2,408.79
7.93%$0.323695
17.32%$0.00001879
8.44%$2,561.16
7.95%$0.515679
9.01%$2.27
10.98%$0.983427
16.33%$0.490476
11.22%$0.0042266
19.17%$1.15
14.37%$0.00000091
24.96%$0.069587
9.92%$0.355051
5.27%$0.140089
19.89%$0.03509283
5.30%$0.166259
-2.07%$0.345548
6.02%$1.43
11.18%$5.25
8.70%$0.03519664
9.52%$1.18
5.97%$2,657.55
7.99%$0.0033036
21.53%$105,074.00
4.49%$105,349.00
5.18%$0.01674067
4.12%$19.71
2.24%$2,635.46
7.85%$0.999939
0.00%$0.03181739
4.29%$0.999514
0.04%$0.999761
0.09%$157.43
9.51%$2,412.32
8.13%$0.00005567
6.38%$0.999962
0.04%$1.10
14.46%$0.710324
6.16%$10.02
4.26%$0.303233
18.10%$0.446455
8.11%$2,407.47
7.76%$109.46
8.18%$0.713747
20.52%$0.00339699
9.11%$0.061112
13.49%$105,368.00
4.76%$18.20
10.21%$0.00000135
2.69%$1.68
-1.06%$1.001
0.33%$0.597412
8.73%$0.599648
17.60%$0.00514293
13.45%$103,390.00
9.10%$1.017
0.12%$2,111.64
4.48%$0.181311
5.37%$103,369.00
5.24%$0.00369469
18.85%$0.182481
9.17%$6.07
10.97%$14.82
9.25%$0.999537
0.03%$19.88
9.86%Reading
Stellar and XRP continue to rise. XRP rose by 17% in the past 24 hours to $1.6, its highest price since Monday, and Stellar rose by 18% to $0.7, its highest price ever.
The two coins are somewhat related. Both are the work of Jed McCaleb. McCaleb was one of the architects of the Ripple protocol, which uses XRP as its native currency.
In 2013, McCaleb left Ripple to focus on Stellar (XLM). Like Ripple, it’s fast, cheap and designed as a payments network.
XRP is the bigger fish. It has a market cap of $57 billion, more than double Stellar’s market cap of $18 billion, according to Nomics.
However, Stellar has performed significantly better in the past week. In the previous seven days, it has increased by 31.9%; XRP has increased by just 4%.
The success of both is partly attributable to the market-moving tweets of Elon Musk, who trashed Bitcoin as environmentally unfriendly. In a single tweet this week, Musk depressed the price of Bitcoin from the mid-$50,000s to $49,000.
Energy usage trend over past few months is insane https://t.co/E6o9s87trw pic.twitter.com/bmv9wotwKe
— Elon Musk (@elonmusk) May 13, 2021
Both Stellar and XRP use far less energy than Bitcoin; they rely on a small number of validators to verify transactions, while Bitcoin relies on a vast network of power-hungry computers.
Other, less environmentally damaging coins have also flourished in light of Musk’s about-turn on Bitcoin. Hedera Hashgraph has risen a further 16.37% to $0.36, Solana another 15% to $47, Cardano by 10% to $2.39 and Algorand by 8% to $1.53.
Most of the above rely on proof-of-stake, a consensus algorithm that allows those who hold the greatest proportion of the coin supply to verify transactions.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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