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The market was inaugurated on Friday 21 September, favoring the altcoins who were in an amazing bullish run. Examining only the top 10 cryptocurrencies, Stellar Lumens [XLM] Cardano [ADA] and Tron [TRX] saw double-digit increases, including Cardano being the biggest gainer, right behind XRP.
Cardano [ADA] saw a significant climb of 19.15%, a marked difference from last week when the market was in the bear's grip. At the time of writing, Cardano was trading at $ 0.083 with a total market cap of $ 2.171 billion
Most of Cardano's trading took place on UpBit, accounting for 34.90% of the entire commercial volume. The rise of cryptocurrency comes on the heels of the news that was quoted on OKCoin along with Stellar Lumens and XRP.
Chart of Cardano | Source: CoinMarketCap
Stellar Lumens [XLM] at the time of printing, was trading at $ 0.234 with a growth of 20.47%. The cryptocurrency held a market capitalization of $ 4.14 billion, an increase in the figure of a weekly increase of 13.94%.
Most of the commercial volume of XLM was held by Binance, with the XLM / BTC pair occupying 27.35% while the XLM / USDT pair held a 16.31% share of the exchange.
Some market speculators believe that the increase in XLM can be attributed to recent reports of the cryptocurrency quoted on OKCoin. Stellar has created a buzz in the cryptosphere following the announcement of Lightyear, a global ledger that aims to provide wealth management skills.
Stellar Chart | Source: CoinMarketCap
Another cryptocurrency straddling the bullish wave was Tron, which was trading at $ 0.022. At the time of writing, the cryptocurrency increased at the rate of 15.74% with a total market capitalization of $ 1.457 trillion.
Just like Stellar Lumens, most of Tron's commercial volume came from Binance, where the TRX / BTC association held a Majority of 11.91%. Furthermore, the currency has recently been listed on KuCoin and BitBay. The currency was also listed on Bittrex with a pair in USD, marking it as the first licensed pair in the United States.
Tron Graphics | Source: CoinMarketCap
Attention to the development of Tron was evident after the latest announcement of TronWeb, a javascript front-end application programming interface [API]. The main use case of TronWeb will be to interconnect the users' project with the Tron blockchain.
The Foundation said on Twitter:
"Today we are releasing TRONWEB, a javascript front-end API that links your project to
#TRON blockchain, is equivalent to Etheurem Web3.js "
In addition, Tron Foundation announced that there will be further announcements in the coming weeks regarding project developments.
