Most of the cryptocurrency market is trading in the red this morning, but the movement is trending upwards, and coins are beginning to flip green. Stellar (XLM) is just at the cusp of making the transition to positive market gains, but XRP, the coin created by Ripple, is falling far behind.
Let’s take a closer look at the projects surrounding these cryptocurrencies and their latest movement.
XRP
Ripple and XRP are often confused with one another. Ripple Labs[1] is a blockchain-based global fin-tech company seeking to aid financial institutions with their proprietary payment platforms. XRP is a digital currency, independent of the company, that powers Ripple’s xRapid product. Ripple owns a large majority of the digital token.
Earlier this week, Ripple held its annual Swell conference, but instead of Toronto, it was held in San Francisco.
#SwellbyRipple is a wrap for 2018! Thanks to all those who joined us in SF, and for those who missed it, find the highlights here: https://t.co/5sPpGWvZo9 pic.twitter.com/ltuQgFv6LJ[2][3][4]
— Ripple (@Ripple) October 4, 2018[5]
The event kicked off with a Q&A with former US President Bill Clinton, and Day One concluded with a concert by the Counting Crows. Despite the positive two-day event, XRP hasn’t seen any boost in its price.
>> xRapid Expands into Commercial Production[6]
Stellar (XLM)
Earlier in September, the Stellar Foundation announced a new subsidiary of its company called Interstellar. Interstellar is a combination of two former subsidiaries named Lightyear and Chain and will employ 60 individuals. It is headquartered in both San Francisco and New York City. Stellar’s Founder, Jed McCaleb, will take over as CTO and Adam Ludwin will
