The cryptocurrency market is seeing a lot of green today, as Bitcoin (BTC) continues to climb in price on its 10-day bull run. Bitcoin reached a price of over $8,200 today, the first time this has happened since mid-May. The rest of the altcoins in the 15 have followed suit and are all seeing percentage gains today. Let’s take a closer look at Stellar (XLM), Cardano (ADA), and TRON (TRX).
Stellar (XLM)
Last week, IBM announced[1] that it would be supporting a new stable coin dubbed the ‘Stronghold USD.’ This new Tether competitor was launched on the Stellar network and has finally given investors insight as to what the working relationship between IBM and Stellar was all about.
IBM first initiated its partnership with Stellar Labs back in late 2017. Since the stable coin announcement, XLM has been on an upward trend. Currently, it sits as the sixth largest cryptocurrency by market cap.
At press time, Stellar (XLM) is trading at $0.300 a coin, up 5.47% in 24 hours. For the week, XLM is up 20.48% and for the month, the cryptocurrency is up 51.51%.
Cardano (ADA)
Charles Hoskinson, Cardano’s co-founder, is on the road again but has provided Cardano enthusiasts with a short update on Cardano’s latest developments.
brief update from Singapore https://t.co/Hp9y6jOXCp[2]
— Charles Hoskinson (@IOHK_Charles) July 19, 2018[3]
Hoskinson addresses Prometheus, the backend toolbox that will power multiple wallets. ‘Project Prometheus’ is setting up its own team on this project and will ensure the properties of the platform are carried over for development of mobile wallets, light wallets, and embedded devices.
Hoskinson also informed investors about the Plutus project and says
