Stellar And Monero – The Rising Stars Of Cryptocurrency

Lisa Smith, BA (Hons), CeFA

Stellar and Monero have staked their claim as the rising stars of cryptocurrency by consolidating their market caps.

The two coins have added significant amounts to their net worth to cement their holds on higher places in the cryptocurrency top 10.

Stellar Lumens (XLM) has moved ahead of EOS to take fifth place, but although beating EOS by a market cap of $4.98 billion, still lags Bitcoin Cash in fourth place by $4.37 billion.

Bitcoin remains in first place with a market cap of $109.25 billion – which translates as 55% of the entire cryptocurrency market cap, according to the latest data from OnChainFX.

Meanwhile, Monero has jumped a place to ninth instead of Tron.

Monero has a market cap of $1.71 billion, compared to Tron’s $1.45 billion.

Top 10 cryptocurrencies by market cap

RankCoinPrice  Market cap (Billions)
1Bitcoin (BTC)$6,288.00$109.25
2Ethereum (ETH)$206.22$21.27
3XRP (XRP)$0.51$20.81
4Bitcoin Cash (BCH)$535.88$9.34
5Stellar Lumens (XLM)$0.26$4.98
6EOS (EOS)$5.29$4.79
7Litecoin (LTC)$50.16$2.99
8Cardano (ADA)$0.075$1.93
9Monero (XMR)$103.49$1.71
10Tron (TRX)$0.02$1.45

Source: OnChainFX

Bithumb’s multimillion dollar airdrop

Hot on the tails of the announcement of a Stellar airdrop by Blockchain, Asia Pacific exchange Bithumb has revealed a 15 Bitcoin giveaway to a member picked at random.

The airdrop is to celebrate the exchange’s fifth year of trading.

The winner will be picked from users logging into the exchange between November 12 and December 11, 2018. The winning user will be named on December 24, 2018.

The exchange hints more airdrops with other coins are on the way.

President survives no-confidence vote

Marshall Islands President Hilda Heine has survived a no-confidence vote over introducing a national virtual currency.

Heine avoided a defeat by a single vote. The parliament was split 16-16.

Now, Heine plans to go ahead with the Sovereign cryptocurrency, which is designed to have parity with the US dollar.

The International Monetary Fund has warned the government should reconsider cryptocurrency plans.

“The potential benefits from revenue gains appear considerably smaller than the potential costs,” said a report “In the absence of adequate measures to mitigate them, the authorities should seriously reconsider the issuance of the digital currency as legal tender.”

Leave a Comment