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Stellar launches the first stablecoins from Argentina and Brazil, the price exceeds 100%.
XRP is making progress on preparations for the Spark airdrop and has increased by more than 70%.
After a fortnight with an upward majority trend, the price of the altcoins destabilizes during the week from 21 to 28 November. According to Coin Check Up statistics, around 60% of cryptocurrencies see a price increase and get increases of around 100%.
The most popular cryptocurrencies these seven days are led by Stellar (XLM), with the issuance of stablecoins in Argentina and Brazil; Y Ripple XRP, whose network is preparing for the launch of a new token.
The list of the most important crypto assets of the week is completed with NEM (VIEW), the exchange of which was offered at a discounted price as part of Black Friday; Y Cardano (ADA) with its new ADA cryptocurrency proxy program. Also included DASH (DASH), which advances as a means of payment in the retail market.
As for Bitcoin, the cryptocurrency loses the momentum that was bringing it ever closer to its all-time high of 2017. After briefly surpassing $ 19,000, the price of BTC drops to $ 16,300 on November 26. On average the BTC’s weekly drop was 7.46%. Although in the last hours there has been a recovery of 5%.
The reasons for the correction could be various. As posted on CriptoNoticias, one of them is that traders would sell some of their positions to take profits. Another reason would be an increase in trade with several whales moving thousands of bitcoins.
The price of Ether (ETH) also fell during the week, hovering between $ 490 and $ 620, for a drop 1.1% on average. The value of the cryptocurrency is estimated to have been dragged down by the decline in bitcoin. Meanwhile, the community is preparing for Ethereum 2.0 phase 0 on December 1, 2020. 100% of the 524,288 required ethers (ETH) have already been deposited into the corresponding smart contract.
The prices of other relevant cryptocurrencies on the market they register ups and downs. Litecoin (LTC) loses about 14.3%; Ethereum Classic (ETC) rises by 1.7%; and Ripple’s XRP gains over 47% to rank in the weekly high.
Stellar introduces the first stablecoins from Argentina and Brazil
The Stellar team, in collaboration with the cross-border payments firm Settle Network, issues the first anchored cryptocurrencies or stablecoins from Argentina (ARST) and Brazil (BRLT). The coins are pegged 1: 1 to the value of each country’s local currency: the Argentine peso and the Brazilian real respectively.
Days after this information was released, Stellar’s cryptocurrency, XLM, recorded progress that is now estimated at 109%. As reported by CriptoNoticias, ARST and BRLT are issued on the Stellar e it can be exchanged for ETH, BTC and other stablecoins.
The news was accompanied by another announcement related to an update from the Stellar network in order to implement Protocol 15. The information was released on November 23, coinciding with a dramatic increase in the value of XLM which reached almost 140% on November 25. The price fluctuated between $ 0.1160 and $ 0.2264.
With protocol 15, make improvements to sponsored bookings and in the recoverable balances of the platform. “They will help make the process of creating new applications easier, simpler and faster on the Stellar blockchain,” notes the team on their blog. The market capitalization of XLM is $ 4.65 billion, and the last 24 hours’ trading is $ 2.45 billion.
On November 23, the Stellar team performed a network update to implement version 15 of their protocol. Source: Coin Check Up.
Ripple’s network is preparing for the Spark token airdrop
As part of the partnership between Ripple and the new blockchain platform Flare Network, both teams are preparing for the incorporation of the XRP cryptocurrency into the Flare ecosystem and the launch of the Spark token on December 12. This is while XRP remains at the top of the most popular cryptocurrencies for the second consecutive week, with a weekly increase of 47%.
Ripple and Flare Network’s plan is to conduct a Spark airdrop, which will be awarded to XRP holders. This token is proposed as a solution to give more use to XRP through the Flare network, allowing users to access functions that are not currently available on the XRP Ledger network, such as smart contracts.
The price of the cryptocurrency experienced an upward momentum that intensified on November 23. Its value has exceeded 70%, going from 0.4390 USD on that date, to a maximum of 0.7476 USD on the 24th. After several corrections, it has resumed the uptrend in recent days.
The appreciation of the cryptocurrency has generated strong demand. According to Philip Gradwell, chief economist at Chainalysis, the flow of XRP in trade has been more than three times normal. However, the strong sales pressure it was not enough to lower the price of the asset. As of today, XRP’s market capitalization is $ 17.74 billion and the 24-hour trading volume is $ 16.23 billion.
XRP maintains its uptrend and remains in the top for the second consecutive week. Source: Coin Check Up.
The NEM blockchain certifies Alicante lottery games
This week it was learned that the administration of Lottery 6 in Alicante, Spain (known as El Negrito) has incorporated certification of online play. on the NEM blockchain. The announcement was made on November 23, at the same time as the start of a significant advance in the price of XEM, the native cryptocurrency, whose growth is estimated at 37%.
The certificate that is delivered to the customer is registered in the blockchain and is proof that the online games played by a customer are his property. With this I know replaces the physical ticket and the buyer can be paid if he wins, even if the ticket is lost or stolen.
Meanwhile, XEM peaked at $ 0.1993 on Nov. 25. The increase is sustained in the following days and, despite slight corrections, the price rises by more than 14% in the last 24 hours.
This recent increase appears to be related to an offer made by the decentralized platform Changenow.io as part of Black Friday. To celebrate the so-called “Black Friday” A 30% discount was offered in the XEM exchange. To date, the market capitalization is USD 1,670 million and the daily trading volume is USD 78 million.
The price of XEM began to rise significantly on November 23 and 27. Earn about 37% in seven days. Source: Coin Check Up.
Cardano launches the new delegation program
The Cardano network has launched a new proxy program for the ADA cryptocurrency. As the company publishes on its Twitter account, this is a new mechanism for redistribute cryptocurrency funds and bring them to the community. The information was released on November 24, while ADA has started an ascent which to date reaches 24%.
Cardano’s plan is this 15% of the ADA maintained by the company is distributed in new delegation groups, which will be identified as purpose groups and incubation groups.
Purpose groups will receive corporate support if they are determined to support the broader mission of economic inclusion, decentralization and technological sustainability, the publication explains. It will be selected based on your mission, technological capabilities and geographic location. On the other hand, the incubators will be small groups selected to receive support, with the aim of maximizing the diversity of the participants in the Cardano ecosystem.
ADA’s price peaks at $ 0.1807 on November 24 when the news is known. Although there was a decline on the 26th, a new rise has been observed in the last few hours. The market cap is $ 283 million and the daily trading volume is $ 8.9 million.
Cardano plans to distribute 15% of its ADA holdings to delegation pools. Source: Coin Check Up.
Dash increases its value in the context of black friday
In recent weeks, several companies in Venezuela have incorporated cryptocurrencies as a means of payment. The list always includes Dash, the price of which has increased by 13%, in the past seven days.
The cryptocurrency team promotes on their social networks the fact that, from Friday 27 November, the Pizza Hut restaurant chain in Venezuela has started processing payments with Dash, BTC, XPT, ether, litecoin, BUSD, DAI, USDT and BNB at the plants in Caracas, Maracaibo, Barquisimeto and Maracay. Something similar announced Supermercados Rattan in the previous days, indicating that it will accept cryptocurrencies at its location on the Venezuelan island of Margarita.
Meanwhile, Dash’s price has been on the rise since November 24, hitting a high of $ 120.99 that day. It fell along with the rest of the market on Thursday 26, to return to the upside from Friday 27 November. Its value increases in the context of Black Friday, as the Changenow.io platform offers discounts until November 30 for payments with Dash.
The cryptocurrency’s market cap is $ 1.02 billion, and its daily trading volume is $ 714 million.
The Changenow.io platform offers discounts for Dash payments. Its value increases by 13%. Source: Coin Check Up
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